TariffsWar2025
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#Trump Doubles India Tariffs To 50% In Retaliation For Russian Oil Purchases
The additional tariff will go into effect within 21 days, on top of the 25% tariff that will go into effect at 12:01 a.m. Thursday, along with new tariffs on more than 60 countries, when the deadline Trump set for U.S. trading partners to negotiate new tariffs expires.
Trump suggested in recent days he would raise tariffs against India ahead of the Thursday deadline, telling CNBC on Tuesday, “India has not been a good trading partner,” while threatening he would “raise [the new tariffs] very substantially over the next 24 hours, because they’re buying Russian oil, they’re fueling the war machine.”
The move comes as Trump has sought to pressure Russia to reach a ceasefire agreement with Ukraine as he seeks to broker an end to the war between the two countries.
India’s Ministry of External Affairs called the reciprocal tariffs “unfair, unjustified and unreasonable” in a statement, adding it’s “extremely unfortunate that the U.S. should choose to impose additional tariffs on India for actions that several other countries are also taking in their own national interest,” an apparent reference to other countries, such as China, that also purchase Russian oil.
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Trump suggested in recent days he would raise tariffs against India ahead of the Thursday deadline, telling CNBC on Tuesday, “India has not been a good trading partner,” while threatening he would “raise [the new tariffs] very substantially over the next 24 hours, because they’re buying Russian oil, they’re fueling the war machine.”
The move comes as Trump has sought to pressure Russia to reach a ceasefire agreement with Ukraine as he seeks to broker an end to the war between the two countries.
India’s Ministry of External Affairs called the reciprocal tariffs “unfair, unjustified and unreasonable” in a statement, adding it’s “extremely unfortunate that the U.S. should choose to impose additional tariffs on India for actions that several other countries are also taking in their own national interest,” an apparent reference to other countries, such as China, that also purchase Russian oil.
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JUST IN: 🇺🇸 #US sets #tariffs as high as 3,403% on solar cells and panels from #SoutheastAsia. - Nikkei
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TRUMP VERSUS PUTIN
As a smart investor and independent analyst, I believe Vladimir Putin's Russia is more vulnerable to Trump's trade war than it appears. Despite avoiding "Liberation Day" tariffs, Russia's economy remains heavily dependent on oil, which is its Achilles' heel. With crude prices plummeting to below $55 a barrel, the Kremlin faces significant budget shortfalls. Oil and gas account for around a third of Russia's state revenue, and sustained low prices could nearly double the country's deficit. Trump's trade policies, particularly the impact on global oil prices, pose a substantial threat to Russia's economic stability. The potential for a "tsunami" of economic challenges, as described by J.P. Morgan analysts, could force Putin to reassess his war strategy in Ukraine. With the oil industry's multiplier effect on the broader economy, Russia's economic woes could deepen, leading to stagnation or even collapse. Investors should closely monitor the situation, as developments in Russia's economy and the global oil market may have significant implications for investment decisions.
$BTC
$YFI
$EOS
#FederalReserveIndependence
#TariffsWar2025
#RussiaEconomy
As a smart investor and independent analyst, I believe Vladimir Putin's Russia is more vulnerable to Trump's trade war than it appears. Despite avoiding "Liberation Day" tariffs, Russia's economy remains heavily dependent on oil, which is its Achilles' heel. With crude prices plummeting to below $55 a barrel, the Kremlin faces significant budget shortfalls. Oil and gas account for around a third of Russia's state revenue, and sustained low prices could nearly double the country's deficit. Trump's trade policies, particularly the impact on global oil prices, pose a substantial threat to Russia's economic stability. The potential for a "tsunami" of economic challenges, as described by J.P. Morgan analysts, could force Putin to reassess his war strategy in Ukraine. With the oil industry's multiplier effect on the broader economy, Russia's economic woes could deepen, leading to stagnation or even collapse. Investors should closely monitor the situation, as developments in Russia's economy and the global oil market may have significant implications for investment decisions.
$BTC
$YFI
$EOS
#FederalReserveIndependence
#TariffsWar2025
#RussiaEconomy
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