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.
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.