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 haven’t seen anything yet as to increasing the debt I am afraid. Every and any excuse they will milk the credit card.
If they do manage to make a supreme leader that sticks they will ad hoc default by over printing money and paying off the debts with that devalued currency.