Washington: US President Donald Trump has announced tariffs on oil and gas from February 18.
US President Donald Trump, while talking to reporters in Washington, said that tariffs will also be applied to steel, aluminum and copper, tariffs will also be applied to the European Union, the implementation of tariffs may cause short-term disruption, there is no concern about the market reaction to the implementation of tariffs, he will talk to the Russian President, he is optimistic about some important steps.
Donald Trump said that serious talks are underway with Russia, the Biden administration corrupted government agencies, federal employees were receiving salaries while sitting at home during the Biden era, unnecessary expenses worth one trillion dollars are being cut.
The US President took a blunt stance and said that Canada’s behavior has not been good, Canada, Mexico and China cannot do anything about the implementation of tariffs.
It should be noted that earlier the White House said that from February 1, a 25% duty will be applied to goods exported to the US from Mexico and Canada, while a 10% duty will be applied to goods sent to the US from China.
The White House press secretary said in a briefing that the US president has not yet made a final decision on imposing tariffs against the European Union. There is a risk that the imposition of tariffs will further increase oil prices.
In addition, the press secretary said that Israeli Prime Minister Netanyahu will visit the US on Tuesday, and the Israeli Prime Minister will also meet US President Trump.
Earlier, Canadian Prime Minister Justin Trudeau had said that if the US imposes tariffs, Canada will respond quickly and forcefully. We do not want to do this, but we will respond quickly to such a move.
It should be remembered that a tariff is a tax or levy that the government imposes on goods imported or exported to a country. Its main purpose is to protect the country’s economy and local industries, reduce the trade deficit and generate revenue for the government.
