Trump’s ‘Maha-Dhamaka’ before the election! A huge tax of 25% imposed on foreign trucks, will trade war start again?

Whenever Donald Trump takes a decision, the eyes of the whole world stand on him. Once again, former US President and strong contender for the next election, Donald Trump has made a big announcement that has created a stir in markets around the world.

Trump has announced that from 1 November, a 25% tariff (import duty) will be imposed on all medium and heavy-duty trucks made by foreign companies coming from outside in the US.

What is this tariff and why this decision was taken?

Understand in easy language, this is a kind of ‘entry tax’. Now if a foreign company has to sell its truck in America, then it will have to pay 25% more price, which will make their trucks automatically expensive.

Trump took this step, his old and powerful policy, ‘America First’Has raised under.

• The motive is clear: The direct objective of this decision is to protect American truck -making companies from foreign competition. When foreign trucks become expensive, people will buy more trucks of American companies (such as Ford, Mack), which will save jobs in the US and benefit the American industry.

Will the ‘Trade War’ fuss again?

Trump’s decision may be like ‘good news’ for American companies, but it can also have some big and dangerous consequences.

• ‘tit for tat’: When America taxes the product of a country, that country also does not sit silent. In response, he can also impose heavy tax on goods coming from the US (such as iPhone or American almonds).
• Everything will be expensive: This is the battle of this ‘like the tit’ ‘Trade War’ (Trade War) They say. The result of this is that things start getting expensive in every country, whose burden falls on the pocket of the general public in the end.

This announcement of Trump is not just an economic decision, it is also a big political bet played before the election. He has given a message to the American public, especially working-class, is a leader who has the power to confront the whole world for American interests.

Now it remains to be seen how the rest of the world in the world responds to Trump’s ‘Dadagiri’.