Donald Trump imposed 50% tariffs on most US imports from India, making good on a threat to punish one of the world’s largest economies over its purchases of discounted Russian oil.
The tariffs, which came into effect just after midnight on Wednesday in Washington, risk inflicting significant damage on the Indian economy and further disrupting global supply chains.
US tariffs of 25% on Indian goods went into force earlier this month, but Trump announced plans to double the rate, citing New Delhi’s purchases of Russian oil, which the White House has argued is indirectly funding Russia’s war against Ukraine.
Trump should be nominated as an honorary ambassador for BRICS. Nobody has done more to push China and India together than Trump.
Objectively so should Biden then. His weaponization of the Swift system 100% accelerated the desire for most of the world to say, “Fuck the USA and its dollar.” Then, no thanks. Let’s see what else is out there.
Or did people already forgot that happened? And this is not me taking side, that did happen. I think the USA is partly foundering and I do not blame you. The USA is increasing your debt by like a trillion every 100 days or so. I was talking to some friends in Finance a while ago about how the USA’s debt flying past $33 trillion, and that was last hear, I thing you guys passed $37 trillion recently and are still using the commodity of the dollar as a weapon. Most of the world sees this and thinks, they can do that to anyone they do not like, that could be us in the future.
Oh for sure, the proxy war on Russia was the catalyst for creating an alternative financial system that’s making it possible for countries to trade outside the dollar right now.
How was SWIFT weaponized? U.S. isn’t in SWIFT.
let’s hope that it gets cemented before trump successor is able to bride and force violence to get it to break up.
Countries are starting to realize that it’s impossible to do any long term planning with the US. Even if Trump’s successor changes course, there’s no guarantee that things won’t change again in the next election.
you’d think so but the eu and west asian nations under the american sphere literally doubled down on their bets on the US recently.
The EU and west-asian countries are fully occupied by US agents. Japan is a great example of a completely subservient country after their defeat in WW2
The US even tried to restart the Japanese Empire as a sub-empire, the Korean War threw a big ol wrench in that plan though.
It’s because they’re vassals in the truest sense. Their economies are centred on the US, and as a result their politics are captured as well. What the trade war showed is which countries have genuine sovereignty and which do not.
that list seems very heavily weighted in favor of the US if you look at the number and areas that they cover.
It seems like the split is across G7 and BRICS. Countries are flocking over to one bloc or the other, and BRICS is where most commodities and manufacturing is right now. The BRICS economies have already surpassed the G7 in PPP terms.
Take that, American companies that import Indian goods!
Just stick a “MADE IN CAMBODIA” or other country. No one will know.
In fact, Trump may say how his TARGETED TARRIFFS managed to UP IMPORTS OF HIGH QUALITY CAMBODIA PRODUCTS by 90.000%.
Sounds good, but looks desperate regarding Epstine.
Good. Finally a tariff that makes sense 🥳
Have fun paying it
Point to the tariff that makes sense?
Shhhhh, he might learn that Tariffs are taxes on the consumer.
