The new US President Donald Trump started a tariff war with other countries since its oath. Trump’s argument that he will make America strong again by putting a tariff. However, experts from all over the world believe that by doing this, Trump will increase the trouble of other countries as well as American citizens.
In fact, due to America’s new tariff war, ordinary American consumers may soon have to pay a lot of price for their favorite products such as tomatoes, avocado and tequila. The biggest, because of this, Donald Trump is to impose new tariffs on imported goods coming from China, Mexico and Canada. This decision has come at a time when American voters are already troubled by inflation and have expressed their displeasure over the issue in the recent elections.
Tomato and Tequila will have to pay a higher price
According to the Financial Times report, the US has three major business partners. China, Mexico and Canada. He has about 40 percent of the total trade of America. Tequila is the highest consumption in America. Whereas, Mexico and Canada are among the largest suppliers of many agri products including tomatoes and avocado. Between 2019 and 2021, about 90 percent of all avocado shipments in the US came from Mexico. In such a situation, increasing the tariff on the goods coming from these countries by Trump will increase the direct burden on the pocket of common American citizens.
These things can also increase the price
The US imports billions of dollars and machinery from China every year, which are used in TV, smartphones and other electronic goods. In response to the new tariff, China can also take tough steps, which can increase more pressure on American consumers. At the same time, the governments of Mexico and Canada are also retaliating.
Canada has released a list of 1,256 products imported from the US, on which it will impose tariffs. These include poultry, dairy products, fresh fruits and vegetables, wood, paper products and electronic goods. That is, it is clear that not only other countries will be affected by Trump’s tariff war, but common Americans will also be in trouble.
Also read: Petrol, diesel, medicines and electronic goods are all expensive! India’s rupee fell
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