Trump calls tariff decision 'medicine to fix the situation'

Chaitra 25, 2081

Kantipur Reporter

Trump calls tariff decision 'medicine to fix the situation'

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US President Donald Trump ignored the stock market decline due to the tariffs imposed on goods imported from foreign countries and the protests taking place inside and outside the US, and commented that his decision was 'given medicine to fix the situation'.

Most of the countries hit by the tariffs are criticizing Trump's move. Demonstrations are also taking place within the country regarding his decisions. Due to the policies taken by Trump, the world market system has been disrupted. There is a landslide in the American stock market and it is not clear how long it will have an impact. But President Trump is not only adamant about his decision, he ignored all the criticism and claimed that he will not allow anything to happen as is rumored in the world market. He said, "I will not let anything happen". But sometimes you have to give medicine to fix something.'

Talking to reporters on Air Force One on Sunday, President Trump also accused other countries of taking America's business because of former leadership. He said, "Because of our stupid leaders, other countries took our industries, money and jobs." Our leaders gave us that and we were treated badly by many countries.'

Trump has made it clear that he will not remove the so-called 'reciprocal fees'. He claims that the tariff will not be reduced until other countries maintain a trade balance . Trump also said that many foreign leaders are asking for an agreement with him.
He said, "Now we will not be at a loss with other countries". Being at a loss is a loss in my eyes . We will now have a profit or at least a balance.'

According to the report until Monday morning, Taiwan's Tilex and Hong Kong's Hang Seng index have decreased by about 10 percent . Similarly, Japan's Nikkei 225 index fell by 9 percent.
While Singapore's Straits Times index fell by more than 7 percent, South Korea's Kospei fell by 5 percent and Australia's ASX 200 index fell by 6 percent.
The American market has also given the possibility of increasing losses in the stock market after two days of heavy decline.
New tariffs imposed
Starting Sunday, the US government imposed a basic tariff of 10 percent on all imports . From Wednesday, higher fees ranging from 11 percent to 50 percent are being applied. Such charges will apply to both competing and friendly countries. 

Since then, the US has imposed a 34 percent tariff on China, while the European Union, Japan and South Korea will face tariffs ranging from 20 percent to 25 percent.
In response to America's decision, 34 percent tariffs have been announced on all American goods. It has also prepared to ban the export of important minerals.  Since

, the European Union has also prepared a list of American goods. In which high tariffs are being prepared . Meanwhile, Britain, Australia, Indonesia and Taiwan have said they will not retaliate immediately.

The Prime Minister of Israel, Benjamin Netanyahu, will meet for the first time since Trump imposed tariffs. He will meet at the White House on Monday. Where they are said to discuss issues related to the new tariff policy, the release of Israeli hostages, the Iranian threat, Israel-Turkey relations and the International Criminal Court.

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