00:00American President Donald Trump has been in action mode since he came to power, whether it is a matter of eliminating the third gender or declaring an emergency on the Mexican border.
00:16Trump's decisions have shocked everyone.
00:18He also started a trade war by imposing tariffs on China.
00:21And now Trump has taken another big decision on tariffs.
00:25So what decision has he taken, which countries will be affected and especially what will be the impact on India?
00:30Let's know.
00:31In fact, Trump made another big change in his trade policy and announced 25% tariff on all steel and aluminum imports.
00:39He said that this tariff will be apart of additional metal duties.
00:43Since when will this be implemented? Its announcement can be made by the end of this week.
00:47According to official data, Canada, Brazil and Mexico are the largest sources of steel imports to the US.
00:55After that comes the number of South Korea and Vietnam.
00:58Canada is the largest supplier of primary aluminum metal to the US.
01:02In the first 11 months of 2024, 79% of total imports have come from Canada.
01:09Mexico is a major supplier of aluminum scrap and aluminum alloys.
01:13Now Trump's decision will cause a lot of damage to both countries.
01:17And now the most important question is what impact will it have on India?
01:21So Trump's decision to impose a 25% tariff on steel and aluminum imports will not have much impact on India.
01:28Because India does not import so much to the US.
01:32Speaking in New Orleans on Sunday, he said that he will announce reciprocal tariffs at the beginning of Tuesday, which will be implemented immediately.
01:41Although the Republicans have not yet clarified on whom these reciprocal tariffs will be imposed.
01:46But they have said that these tariffs will be equal to the tariffs imposed by other countries.
01:52And these will apply to all countries.
01:55Trump said about the reciprocal tariff scheme that it is very simple.
01:59If they impose tariffs on us, then we will also receive tariffs from them.
02:03And what he said is for almost all countries.
02:06In addition, Trump also said that his government will allow Japan's Nippon Steel to invest in US Steel.
02:12But he will not let it become a majority shareholder.
02:15Trump said about US Steel that he is going to make tariffs very successful once again.
02:20And he feels that its management is very good.
02:23Let me tell you that he also imposed tariffs in his first term.
02:27Trump imposed a 25% tariff on steel and 10% tariff on aluminum during his first term.
02:33But later Canada, Mexico and Brazil, along with many trade partners, were given duty-free leaves.
02:39Mexico is a major supplier of aluminum scrap and aluminum alloy.
02:43Former President Joe Biden later discussed duty-free quota arrangements with the British, European Union and Japan.
02:50It was not immediately clear from Trump's announcement that what will happen to those leaves and quota arrangements.
02:56After Trump's initial tariff, steel mill capacity reached a level above 80% in 2019.
03:03But since then, there has been a fall in it.
03:05Because in this area, China's global dominance has reduced steel prices.
03:11In addition, he also talked about imposing tariffs on Mexico and Canada.
03:15Trump said that Canada and Mexico have taken steps to protect their American borders.
03:20And you are aware of the steps taken to stop the flow of drugs and immigrants before the 1st of March tariff time limit.
03:27Trump has threatened that if the two largest trade partners in America do not take tough steps,
03:33they will impose a 25% tariff on all Mexican and Canadian imports.
03:38On the part of both countries, they had stopped the tariff until 1st of March after some initial border security states.
03:45After that, Mexico promised to join 10,000 National Guard soldiers on its border.
03:49And Canada promised to adopt new technology and activities and take new anti-fascist steps.
03:56So once again, Trump has made a big announcement about the tariff.
04:00And he has announced to impose 25% on all steel and aluminum imports.
04:05And the special thing about it is that this tariff will be in addition to additional metal duties.
04:10Although it will not have much effect on India.
04:14That's all in the video.
04:15How do you feel about Trump's drastic decisions?
04:18What do you have to say?
04:19Do tell us by commenting.
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