US President Donald Trump has launched a major attack on the world economy with his payment policy. It is a matter of concern that Trump’s decision is harmful to the world. It affects investment, global trade and people stay away from the cost. Trump has described April 2 as a “liberation day”, but in fact it may prove to be the “day of the day” to the rest of the world.
Donald Trump, if we really decide to implement the fee for a long time, it will weaken the economic growth of the economy, the economic growth of the countries – is expected to be in the grip of the world. Trump’s decision has caused a stir in the world, and a similar movement is running into his footsteps in the 1930s. Read the whole story …
Donald Trump’s payment chronology
At the beginning of 2025 this year, President Donald Trump started fees in some countries, including China. On February 4, Trump decided to impose a 10% fee for all Chinese imports except Canada-Mexico. However, he later used the 30 -day brake on the fee, but he had 10% of the fee on China, which caused an argument between the two countries on the trading front.
On April 2, Trump announced a 10% base fee in several countries, which came into effect from April 5. After this, he decided to impose additional “transaction” fees for those countries in the US trade deficit. The transaction fees have been implemented since April 9, causing a stir around the world.
Trump did not leave friends on the resercoal fee lead, and did not make fees for dozens of countries, including Indo-Israel, according to the trade deficit. However, a few hours later, he was banned from implementing 90 days (July 9), and retained 10% base fee.
US fee on China
The US trade deficit with China is about 5 295 billion, and the US has imposed a bad fee. After the initial 10% fee in February, Trump increased the rate by 34% in March, and until April, they reduced it to 125%. In retaliation, China increased the tariff on US imports – 125%.
Alam is that the two countries charge more than 100% tax on each other, which affects the local market. However, the White House later made it clear that the US had actually imposed 145% of the fees for China.
The revival of these two countries is not only harmful to them, but the global markets have gone into the fall mode. Trump believes that the fees are working, and he has cited some research in his earlier period.
Meanwhile, Trump said he could see the ridiculous language, where some countries pleaded before him and signed the contract. It is believed that Trump has asked for countries that instead of retaliating to the United States, instead of dealing with them.
India was charged
India’s trade deficit with India is not untouchable by $ 49 billion and Trump’s fees. According to the exports to the US, India is in danger of major losses. Prior to the 90 -day stop of the fee, Trump had imposed 26% of the fee on India, but India has been given some time to talk about the trade agreement due to relief from all countries. The sub -fee on India is currently 10%.
Indian exporters are seriously concerned about the impact on their business. According to the analysis of the Delhi-based Think-Dang global trade research initiative, India can see $ 5.76 billion or 6.4% in the export front.
In 2024, India exported more than $ 89 billion to the United States. Contracting signs are interrupted, and if Trump is stubborn, it can prove a major setback to India’s economy, which depends on trade with the United States.
What action did India take?
India’s reaction is unlikely to respond to Donald Trump’s fees. India has urged the US to contact the US to reduce economic losses instead of imposing counter charges. India is having difficulty signing a trade agreement with the US.
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If the business competition continues between the two major economies of the world, it may bring a huge recession in the United States, but it will affect the other parts of the world, including developing countries like India – it depends on the importation of raw materials for their export. In such a situation, India must be cautious on many fronts.
If this happens, this will have a greater impact than bilateral charges in India. India depends on both India and China for raw materials. For example, India imports raw materials from these countries, manufactures it to Europe and other countries – this is the basis of India’s trade.
India exports a large amount of steel, aluminum and common medical-drugs to the United States. If you talk about the export of common medical-performing, India exported 7 9.7 billion to the United States by 2023-24. Trump has announced that his target will be in the coming days in the coming days – this will target India. India contributes 20% worldwide, and its revenue is about $ 50 billion in 2023.
As the manufacturers are looking for a cheap product, India may certainly benefit from textile and in some areas, but the biggest disadvantages from global economic slottown will be bigger than these benefits.
India-China embarrassment
China says its business with the United States is not a help – this is a mutual profit. The API imports from China (Active Pharmacies) and exports it as pharmaceuticals and exports it around the world. Many Chinese raw materials come to India, which are assembled or added to the value and then exported. In the midst of a match with the US, China has appealed to India to deal with it.
Donald Trump’s action is harmful to these mutual benefits, and the world must now think seriously about it, so that the 1930s can stop the recession. JP Many valuable companies, such as Morgan, reveal 60% of the possibility and say – depression may occur. At the same time, agencies such as Goldman Sachs and Morningstar may be estimated to be an economic recession.
Fee war is a global economic impact
As a result of the trade war launched by Donald Trump, US China and India will not be limited, but as a result, there will be a decline in the GDP of many countries. This will often affect those countries with high exports to the United States.
The International Trade Center suggests that Trump’s fees may decline 3-7% in global trade and 0.7% of global GDP, which will greatly affect developing countries. For example, if Trump continues after a break, Bangladesh is likely to lose $ 3.3 billion in 2029.
Crocodile on the stock market
Until now, the reaction of the stock market is also serious. After the announcement of Trump’s fees, the biggest loss in the history of the US stock market has suffered a huge loss in two days. After the announcement of the sub -fee, 6.6 trillion was destroyed from the US market in the first two days. The three -day disadvantages of the market eliminated about 10 trillions in the global Equity – which is more than 10% of the global GDP and more than 150 countries.
According to the Benne Warden Budget model of the University of Pennsylvania, the US is expected to reach some income from the payment scheme, but it is more likely to be harmful. For example, if the fee is strictly implemented, the US may have $ 5.2 trillion revenue over the next 10 years, but the GDP may decline, and may result in a 7% decline in employment, which will directly affect the common population.
Trump, fees and history
Now let’s look at a little history, based on this, the concern of experts and economists is increasing. For example, Trump’s payment policy is very similar to the Smt-Holi Payment Act of the 1930s, and many historians believe that the greatness of the greatness of the world has come. The fee law was passed during the administration of President Herbert Huver, a Republican party like Trump.
Between 1929 and 1934, international trade declined by 65%. The US economy is depressed, grossed by about 30%, and unemployment increased by 25% by 1933.
Today, many experts warn that Trump’s fees are similar to great depression-time-hood-holy fees and can similarly spoil the economic situation. Some analysis suggests that under the Trump term, the existing payment levels are higher than the fees imposed during the soft-Hali era.
Now, 90 days later, what is Donald Trump’s attitude – he is backing the fee, or progresses by suppressing the world economy – which will lose not only the world but also the United States.
