In a series of chaotic and contradictory statements, President Donald Trump has revealed a dramatic escalation in US foreign policy, claiming to have already imposed secondary sanctions on India for its purchase of Russian oil.1 🤯
During a press briefing, Trump fired back at a Polish journalist who questioned his lack of action against Russia, stating:2
"We have already done that (secondary sanctions) with regard to India, and we are doing it with regard to others."3
He went on to justify the move, claiming it "cost hundreds of billions of dollars to Russia," and warned that "Phase-2" and "Phase-3" are yet to come.4 This confirms the new 50% tariffs on Indian goods are a direct result of these "sanctions."
A Geopolitical Head-Scratcher:
The comments, however, quickly spiraled into a mix of seemingly unrelated grievances and self-congratulatory remarks.
On China: He expressed feelings of being unacknowledged by President Xi, hinting at a slight for not being invited to a recent ceremony. Despite saying, "My relationship with all of them is very good," he accused China, Russia, and North Korea of "conspiring against me."5
On India: In the same breath, he called Indian Prime Minister Modi a "great leader" while also labeling India a "dead economy" and slamming its tariffs on products like Harley Davidson motorcycles.6 The contrast is baffling.
Final Takeaway:
The statements highlight a significant shift in US-India relations and a new approach to international sanctions. The apparent contradiction in Trump's words—claiming "great relationships" with leaders he also accuses of conspiring against him—signals a highly unpredictable and personal style of foreign policy. This is not just a trade war; it's a new, chaotic geopolitical landscape. geopolitics directly impacts global markets, including crypto. Stay vigilant. geopolitics directly impacts global markets, including crypto. Stay vigilant.
#TariffWars #Geopolitics #IndiaUS #RussiaUkraine #CryptoNews
