North India Statesman
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US President Donald Trump has once again shown his aggressive attitude. During a Republican Party event held in Florida, he said that these countries are causing huge losses to America. Trump clarified that countries or companies which work against the interests of America will be imposed heavy tariffs. The statement came to light in his first address to the Republican party during his second term as President.
‘Will keep America first’: Trump
Trump said, “Many countries, such as China, India and Brazil, impose heavy tariffs against the US. Now the time has come for us to prioritize America and install a fair system. ” He insisted that this tariff would prioritize American workers and businesses and will bring back jobs and industries in the country. Trump assured that his policy will once again become the wealthiest and powerful country in the world.
Talk of returning to old system
Donald Trump said that America would have to return to the economic system that made it the most prosperous and powerful. He reiterated that, “The time to benefit other countries by taxing his citizens is now over. We have to benefit our citizens by putting tax and tariff on other countries. ”
American First Economic Model
Trump, while advocating his ‘American First’ economic model, said that under his plan, tariffs will be increased on abroad and relieved for American workers and companies. He said, “This will not only bring jobs in our country, but our industries will also flourish.”
Strict stance on BRICS countries
In his speech, Trump expressed the possibility of putting heavy tariffs on the BRICS group (including India). He spoke of tariff up to 100 percent, which can be a big shock for these countries. He warned the companies that if they want to avoid tariffs, they will have to do construction work in America itself.
Promotion of construction work in America
Trump, in his address, called upon American companies and industries to return home. He said, “If you want to avoid tariffs, make your plant in America. We are committed to making many new plants in a short time. ” He spoke of giving priority to areas such as pharmaceuticals, semiconductors, and steel.
Plan to increase tariffs for military needs
Trump said that his government would increase tariffs on products that the US army needs, such as steel, aluminum, and copper. He said that America will have to promote indigenous production to strengthen the security of the army and the country. He said, “It is necessary to bring back production in our country. Sometimes we used to make a ship in a day, but now all this is over. It has to be resumed. “
‘Eliminate dependence on others’: Trump
At the end of his speech, Trump said that America would have to end dependence on other countries. He insisted that, “Now the time has come for us to produce on our land, for our people.” He described it as important for America’s economic and strategic freedom.
This aggressive attitude of Donald Trump is a clear indication that they want to bring the US economy at the forefront of global competition in their second term. However, concerns may increase between international community and business partners over their plans.
