New Delhi:
There has been a stir all over the world as soon as Donald Trump took over as the President of America. There has been such turmoil that everything from the world economy to the projects going on around the world have been affected. After Trump’s executive orders, China is preparing to save its stock market, Mexico has had to pitch tents on its border for illegal refugees. Iran is facing the fear of military strike. At the same time, Japan is considering increasing interest rates in view of Trump’s policies. After taking oath as President, Donald Trump said that America’s golden era has started with his second term, but its opposite effect is being seen on other countries.
Crowd of illegal immigrants on the border, Mexico had to erect tents
Trump had promised during the election campaign that he would strictly stop immigration and illegal immigration. Now after becoming the President, the first thing he has announced is to strictly stop immigration and illegal infiltration. Since then, the refugee shelters located on the border have been closed. Refugees are being driven away from there. In such a situation, the number of illegal immigrants is increasing on the Mexican border. Following Trump’s threat of mass deportation, Mexican soldiers arrived on Thursday to set up emergency shelters near the border with the US. The Mexican government said it planned to open nine shelters for its citizens and three more for deported foreigners under a plan called “Mexico Embraces You,” without specifying the total capacity. President Claudia Sheinbaum said Mexico would provide humanitarian aid to migrants deported from other countries before sending them back. President Trump has also disabled the app which used to help refugees.
Japan is going to increase interest rates
Trump’s objective is clear – America first. In such a situation, he is considering increasing tariffs and reducing or ending the aid given to other countries. In such a situation, the economy of countries like Japan can be greatly affected. Japan also realizes this, so they have started considering taking some steps. The Bank of Japan had increased interest rates in July, but due to Trump’s policies, it has been forced to think twice about increasing interest rates later in the year. Bank of Japan has held a meeting on Thursday on the issue of increasing interest rates. There is discussion on increasing the interest rate from 0.25 percent to about 0.5 percent.
Iran in fear of air strike
President Donald Trump said Thursday he hopes to avoid a military attack on Iran’s nuclear program, an option Israel has long considered. Asked whether he would support military action against Iranian nuclear facilities, Trump told reporters he was going to talk about the issue. Regarding the Iranian nuclear issue, Trump said, ‘It can be worked on without worrying about it. It would be really nice if that could be worked on without taking any further steps. On diplomatic prospects with Iran, Trump said, ‘Hopefully Iran will make a deal and if they don’t make a deal, I think that’s OK too.’ In this way, Trump hinted at what he can do if Iran does not compromise.
China is preparing to save its stock market
China’s stock market is also witnessing turmoil since Trump became President. Trump has also talked about increasing tariffs… In such a situation, China has started preparations to save its stock market. Chinese authorities have begun strengthening the country’s stock markets by allowing pension funds to invest in listed companies and encouraging companies to increase share purchases. This move provided some support to the Shanghai stock market going forward, but Hong Kong lost its early gains and closed at a lower level.
