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.
Still, it does not make it a smart move from the Biden admin. Since for all we know, Biden may not have been even fully aware this was happening. I heard Biden on tape on the investigation Re: he keeping documents and at points he sounds like a senile grandpa – recommend people seek it out on YT, it is extremely enlightenmenting given the timeframe.
Legal or not is not the point, is whether it was a smart move. It was not. Do not weaponize the legal tender or the mechanisms of its trade. All he did was antagonize everyone by proxy. It was simply not a smart thing and very shortsighted.
It made BRICS or alternative choices look better than they should be. I am sure most people who care about geopolitics can see that.
Agreed