Tariff War: American President Donald Trump made an announcement to impose extra import duties on goods and products. After coming to power, he announced several plans, of which the imposition of tariffs disturbed the world economy in the past 2 months. Share markets are fluctuating uncontrollably, which is affecting the economy.
President Trump stated that the world has gotten too many benefits from us. While time has come for those who ripped off our economy. As he imposed a 10% tariff on China on February 1, the administration raised them by another 10 percent on March 4. It is the overall 20% tariff on China that they will face on oil and other crucial products.
The US administration also made a crucial decision to impose 25% duties on their neighboring countries like Canada and Mexico, but later on, it was put on hold after a bilateral discussion. In November, Trump said that tariffs on Mexico and Canada would remain in effect until drugs and illegal aliens stop invading our countries.
In February, he halted announcements of tariffs on both states following bilateral discussions with heads of states on drugs and illegal immigrants entering the border. He said that they need to increase security in border areas.
Now, he is claiming that India charges us massive tariffs. You can’t even sell anything in India. They have agreed, by the way; they want to cut their tariffs way down now because somebody is finally exposing them for what they have done.”
Therefore, India can also face tariff imposition in the coming months as the US planned to increase duties on accessories and other electronics products.
Also Read: https://theglobalic.com/2025/03/09/pro-khalistani-moments-breaches-jaishankar-security/
