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ట్రంప్ టారిఫ్లతో గ్లోబల్ మార్కెట్ల పతనం || Trump Tariffs Cause Global Markets Meltdown ||
Trump Tariffs Cause Global Markets Meltdown
Stock markets across the globe sank after US President Donald Trump made it clear that tariffs on Mexico and Canada would go into effect as planned. Trump's comments made on Monday struck fears of a trade war in North America and sent financial markets reeling. The US stocks tumbled sharply in late afternoon trading, while the Mexican peso and Canadian dollar also fell.
The US President has said that 25 percent American tariffs on imports from Canada and Mexico will take effect from Tuesday after the 30-day pause on duties, tied to illegal border crossings and the flow of fentanyl into the United States expires. The American also reaffirmed that he will increase tariffs on all Chinese imports to 20 per cent from the previous 10 per cent levy to punish Beijing for failing to halt shipments of fentanyl to the US.
They're going to have to have a tariff. So what they have to do is build their car plants, frankly, and other things in the United States, in which case they have no tariffs," Trump said at the White House.
He said there was "no room left" for a deal that would avert the tariffs by curbing fentanyl flows into the United States.
On hiking tariffs on all Chinese imports, the president said in an order that Beijing "has not taken adequate steps to alleviate the illicit drug crisis."
https://www.ndtv.com/world-news/donald-trumps-tariffs-cause-global-markets-meltdown-nifty-likely-to-tank-further-7842311