00:00As soon as Donald Trump took over as the President of the United States, he started a trade war in the world by imposing tariffs on all countries.
00:13He has announced tariffs on China, Mexico, Canada and India as well.
00:18But on the other hand, in response to Trump's tariffs, China, Canada and other countries have also announced tariffs on the United States.
00:28America may be a superpower, but looking at the current situation, it does not seem that any country is afraid of America.
00:36After Trump's arrival, tariffs have been announced on many countries, on which, while reversing, other countries have also announced tariffs or taxes on the United States.
00:46Canada is the biggest example of this.
00:48Trump has announced a 25% tariff on all goods from Canada, except for energy.
00:55While reversing, Canadian Prime Minister Justin Trudeau has also imposed tariffs on US goods worth 30 billion Canadian dollars.
01:03Similarly, Mexico has also announced tariffs on American products.
01:09China has also announced tariffs on US goods worth 30 billion Canadian dollars.
01:19In the midst of all this, we are also getting information that America is thinking about it again.
01:24In a way, America is on the back foot.
01:26Tariffs can be reduced.
01:30A plan to impose tariffs on India can also be considered again.
01:34Because US Secretary of State Pius Goel is in the United States, and tariffs are also being discussed with the United States.
01:40In this case, Trump can think about tariffs on India again.
01:44In addition, since Donald Trump has announced tariffs, America has also been in a lot of shock.
01:50Where it is true that America is suffering a lot of losses, the first of which is the fall in the dollar.
01:56Trump's tariff war has led to a fall in the US dollar.
02:01In the past week, there has been a drop of about 1.5% in the dollar.
02:05On the other hand, we are seeing its reactions in the American stock market.
02:09And for the past few days, there has been a continuous fall in the stock market.
02:13According to reports, the US market is also worried about the impact of the tariff war on American growth.
02:20And this is due to the risk of inflation due to tariffs.
02:24In addition, the price of crude oil is also increasing.
02:28And there is also a drop in the price of crude oil.
02:33Now let's understand why the tariff war is so serious.
02:38What is this reciprocal tariff?
02:40It simply means that if a country is imposing a 10% tax on you, then you will also impose the same tax on that country.
02:51That is, the same tax that a country imposes on America, America is now imposing the same tax on it.
02:58This is called a reciprocal tariff, which Trump has now announced.
03:03But somewhere in between all this, Donald Trump, that is, America, is also visible on the back foot.
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