Donald Trump : Trump active again! Shows tariff weapon to India in public speech
US President Donald Trump has once again hinted at wielding the tariff weapon and has directly threatened India with a tariff increase in a public speech. This statement is considered serious from the perspective of global economics and international trade. Trump has stated that if India does not cooperate on the issue of Russian oil, the US could increase import duties on India by 50 percent.
Notably, in this speech, Trump also praised Prime Minister Narendra Modi. “Prime Minister Modi is a very good person. He knows that I am angry, so he is trying to calm my anger,” Trump said. However, he clarified that if cooperation in Russian oil transactions is not forthcoming, action to increase import duties on India could be taken. This announcement could create tension in the global market.
Meanwhile, international developments are also tense. The United States has attacked Venezuela, in which President Nicolas Maduro has been arrested. According to the Trump administration, Maduro has led an international drug trafficking network. According to the US statement, this action is part of a broader campaign against drug trafficking.
Venezuelan President Maduro has rejected all these allegations. According to him, due to Venezuela's vast oil reserves, the United States is trying to destabilize his government. Additionally, Washington has increased economic and social pressure on Venezuela. This includes imposing strict sanctions, monitoring the country's crude oil transportation, seizing tankers, and informally closing the airspace.
These events have made the political and economic environment serious worldwide. Especially for India, the potential increase in tariffs and import duties on Russian oil could have a significant impact on the energy market and trade policy. International trade and policy experts believe that it is important to maintain a balanced relationship between India and the United States, otherwise there is a possibility of increased economic tension on both countries.
Due to all these developments, the impact on oil, gold, and the stock market has started to be seen in the global market. The Trump administration's international pressure policy and the warning of the tariff weapon on India are considered important from the perspective of global trade. Therefore, it will be necessary to keep an eye on India's trade policy and international relations in the coming days.