🚨 India Hits Back at US Tariffs: $3.6B Boeing Deal Put on Hold! 😱

India has paused a massive $3.6 billion deal to buy Boeing P-8I maritime patrol aircraft from the US due to a significant price hike caused by President Trump's 50% tariffs 📈. The deal, originally approved in 2021 for $2.42 billion, became too costly after the tariffs kicked in, increasing the project cost by nearly 50% 🤯.

Why the Pause? 🤔

- Tariff Increases: The US tariffs, which doubled some duties, made components and delivery more expensive, leading to a sharp jump in project costs 📊

- Supply Chain Inflation: The deal's cost increased due to supply chain disruptions and inflation, making it even more expensive 🔥

- Diplomatic Fallout: Defence Minister Rajnath Singh's planned visit to Washington was cancelled, signaling bilateral friction after the tariff spat 🤝

What's Next? 🔮

- Strategic Reassessment: India is conducting a strategic review of the deal, considering factors like rising costs, geopolitical developments, and strategic autonomy 🔍

- Renegotiation or Recalibration: The pause might be a short-term move for renegotiation or a longer-term strategic recalibration, depending on diplomatic fixes and tariff timelines 📝

- Quiet Diplomacy: Expect quiet diplomacy to follow as India balances its strategic ties with the US against its own defence needs 🤝 .#India #MarketSentimentToday #Tarrifwars #market #Altcoins! $BTC $ETH $MANTA