Us tariff war: The US will implement the tariff from Tuesday (March 04, 2025). It was announced by President Donald Trump. However, US Commerce Secretary Howard Lutnik has said that Donald Trump will decide whether duty will be imposed at 25 percent level. Amidst all this, India’s Commerce Minister Piyush Goyal has left for Washington.
US President Donald Trump wrote on the social media platform Truth, ‘It will be big last night. I will tell it as it is! ‘ On Sunday (March 02, 2025), US Treasury Secretary Scott Besant told CBS News that Mexico agreed to impose a tariff on China as the US. He said that if Canada also does the same, then it will be a very good start.
Donald Trump started new investigation
Trump has launched a new investigation in the case of imported wood, which may impose additional charges and increase business tension further. At the same time, Commerce Secretary Howard Lutynik said on the Sunday Morning Futures of Fox News, “He is now thinking about what kind of tariff he has to put with Mexico and Canada and this is an unstable condition.” He reiterated that tariffs would be installed, but the President and his team have left a place for talks at the last minute.
He said that it is also expected to increase the tariff on Chinese goods from President Trump, until China takes any step to stop the smuggling of Phantaneil. The statements of the Commerce Secretary indicate the first indication from the Trump administration that it can reconsider the threat of 25% tariffs on all imports from Mexico and non-energy imports from Canada.
‘Tariff plan will not stop’
Donald Trump had spread confusion by saying the deadline of April 2, but later announced the March 4 deadline and on Tuesday announced an additional 10% tariff on Chinese goods. The reporter had also asked him whether the tariff can be prohibited further, so Trump had strictly said that he is not stopping the tariff, not at all.
Piyush Goyal leaves for Washington
If the report of Money Control reports, Commerce Minister Piyush Goyal has left for the US on March 03, 2025 to pursue a business related to business. Officials said that this visit of Goyal has happened suddenly. They have been canceled by the pre -fixed meetings till 8 March.
Also read: America will come out of NATO, UN and World Bank? Donald Trump’s close gestures
https://www.abplive.com/news/world/us-tariff-war-begins-4-march-2025-donald-trump-action-on-canada-mexico-and-china-know-india-situation-2896467
