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Indian Prime Minister Narendra Modi (L) is present at a meeting with US President Donald Trump during the G20 OSAKA summit in Osaka on June 28, 2019.
Brandan Smilevsky | AFP | Gets the image
On the frantic approach to Friday, August 1, the day of the new tariffs of US President Donald Trump came into force (come into force (No longer delay!) – Main trading partners in America such as Japan. European Union And now, South KoreaCome to the agreement with the country. All of them will be subject to 15% of the tariffs for the import of their goods to the US.
But India? Not yet has been a deal but Trump unilaterally imposed 25% tariff provide a favorable deal with America. Worse, the tariff will exist with an additional “punishment”, which, according to the price, which India should pay for its military and energy operations with Russia. It essentially sounds like “Secondary Tariff” Earlier, Trump threatened to hit Moscow.
Doing this, Trump’s actions seem to believe that the White House trading policy is not based on the trade balance because Trump likes to raise or even how much he likes it – see it The hobby of the UK’s King Charles And 10% of the country’s tariff rate.
It’s also about who your friends. Essentially, Trump seems to imply that even if you are an influential figure when you hang out with your children (buying Russian weapons), you cannot sit with us.
Perhaps Trump may afford to alienate the allies as the US economy is still unexpectedly strong. It In the second quarter increased by 3%Much higher than 2.3% Dow Jones, and magnificent seven income are convenient estimates. Much has been discussed about the decline of American exceptionalism, but the US is still the queen of bees.
US President Donald Trump calls on reporter during a meeting with President of Philippines Ferdinand Markas -Jellor in the Oval Cabinet at the White House on July 22, 2025 in Washington, Colombia District, Colombia
Chip Somodevilla | Getty Images | Gets the image