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Trump Tariff On India Live News: US President Donald Trump will announce a recipe rifle on Wednesday (April 02, 2025). The whole world is getting ready for the results of this unprecedented announcement …Read more
President Donald Trump will announce the new US tariff policies on 2 April 2025.
Donald Trump Tariff News Live: Former US President Donald Trump is going to announce a plan to install reciperook tariff soon. White House gave it 'Liberation dayHas termed ' Trump will announce this policy at US time at 16:00 EST (2:30 AM). Trump claims that the tariff is necessary to prevent 'Anfair Trade'. This decision can benefit American industries, especially streaming companies and jam makers. However, it is not clear whether Trump will impose equal tariffs on all countries or target selected countries. According to some reports, it can be up to 20%. Economic analysts believe that increasing tariffs may increase inflation worldwide. It can give birth to a big 'trade war'. However, Veteran Investor Prashant Jain says that these tariffs will not have a direct impact on India (US tariff impact on India). However, some sectors and stocks may be affected. Stay with us for all updates related to Trump's tariff announcement.
Trump Tariff News Live: What can be expensive for Americans after Trump's announcement?
American consumers may have to pay the prices of many essential things due to reciprocal tariffs declared by US President Donald Trump. Experts have warned that this policy can push the US economy towards recession. There are 6 major items here, which are expected to be expensive:
- Cars: America imports about 80 million cars every year (Price: 240 billion)
- Whiskey, Beer and Tequila: The possibility of 200% duty on Mexican Beer (Corona, Modelo) and European wine (Spain etc.) will increase their prices.
- fuel: 61% of crude oil in the US is imported from Canada. 25% tariff on Canadian oil is already applicable, which can affect the prices of petrol and diesel.
- Electronics: Smartphones, laptops and other gadgets imported from China can be expensive.
- Steel and Aluminum: Construction and industries will be affected, which can increase the cost of homes and vehicles.
- Agricultural Products: Imported fruits, vegetables and meat products from Europe and Latin America can also be expensive.
Trump Tariff Live: Europe said on Trump's tariff- a balanced reply will be given
French Industry Minister Mark Ferrasi said that if US President Donald Trump imposed new tariffs (import duty), Europe would give a proportional and balanced answer. He insisted that Europe will avoid increasing stress and would prioritize dialogue. Ferrasi said that 'Europe has always been a supporter of dialogue and reducing tension, because everyone suffers losses due to trade war'.
TRUMP TARIFFS LIVE: Tremendous boom in gold
Before the announcement of Donald Trump's potential 'Reciprocal Tarifs', there is a strong jump in the prices of gold. Gold prices rose for the second consecutive day on Wednesday, causing it to reach its record high level. Spot gold rose 0.7% to $ 3,131.25 per ounce (0240 GMT). On Tuesday, it reached the all-time high of $ 3,148.88. US gold futures also climbed 0.4% to $ 3,159.90.
Philip Pneumon, managing director of Metals Focus, says that 'Safe-Hevan Bing' (safe investment trend) is the biggest reason for the jump in gold. Investors are increasing investment in gold due to 'trade war' and geopolitical uncertainty. Gold prices can reach $ 3,300 in the coming months due to sluggishness in the US economy, the possibility of increasing inflation and possible interest rate deduction.
