President Donald Trump on Wednesday announced a variety of reciprocal tariffs targeting nearly all nations that the United States trades with including Afghanistan.
Trump announced the mutual tariffs in an executive order along with an address in the Rose Garden at the White House on Wednesday.
In the executive order, Trump said while the United States trading policy has actually been developed on the concept of reciprocity, taxes and barriers on US products by its trading partners had actually injured the US.
The tariffs, he said, were an action.
These mutual tariffs will enter result on April 9.
During his address, Trump made the argument that the US is charging its trading partners with smaller sized tariffs compared with the tariffs and non-tariff barriers that the partners trouble the US.
& For years, our country has been robbed, pillaged, raped and plundered by countries near and far, both buddy and foe alike,& Trump said.
If you desire your tariff rate to be zero, then you develop your item right here in America,& he stated.
According to info from officials at the Chamber of Commerce and Investment, currently the overall volume of trade in between Afghanistan and the United States is in between $8 and $10 million annually.
Afghan economic sector agents get in touch with the US to reassess Afghanistan's inclusion in the tariffs list.
& It will certainly impact us to some extent.
Our trade with the United States is small, but important items are exported, such as handicrafts, an industry in which ladies particularly work.
Handicrafts such as hats are exported.
Antique items that are really important to know our identity are likewise exported.
Dried fruits and sometimes fresh fruits and carpets are likewise exported,& Khan Jan Alokozai, a member of the Chamber of Commerce and Investment, stated.
Abdul Qasim Amarkhel, head of the Dried Fruit Exporters' Union, says: The 10%tariff is vicious and prohibited.
This nation is not China or Europe, but Afghanistan.
Our dried fruit exports to the United States are not that high.
It is around $10 million.
We ask the US to reassess this decision.
It must likewise release our frozen funds.& Afghanistan's exports to the US are mainly carpets and dried fruits.
The post Trump imposes 10% tariff on imports from Afghanistan first appeared on TINS News.