Budget with ET
Budget Highlights: Gareeb, youth, annadata and naari feature in Budget. What about taxes?
New vs Old tax regime: Here's a decoder to help you choose the right one
Will you pay more under new tax regime or old? Calculate here
In a statement on social media, the White House defended the decision:
«Today's tariff announcement is necessary to hold China, Mexico, and Canada accountable for their promises to halt the flood of poisonous drugs into the United States.»
Trump justified the move through the International Emergency Economic Powers Act (IEEPA), claiming it was a response to the «major threat of illegal aliens and deadly drugs killing our Citizens, including fentanyl.»
As reported by the BBC, Canadian Prime Minister Justin Trudeau strongly criticised Trump’s decision, calling it a “threat targeting the entire country” and warning of severe economic consequences for both Canada and the United States.
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