Donald Trump imposed 50% tariffs on most US imports from India, making good on a threat to punish one of the world’s largest economies over its purchases of discounted Russian oil.
The tariffs, which came into effect just after midnight on Wednesday in Washington, risk inflicting significant damage on the Indian economy and further disrupting global supply chains.
US tariffs of 25% on Indian goods went into force earlier this month, but Trump announced plans to double the rate, citing New Delhi’s purchases of Russian oil, which the White House has argued is indirectly funding Russia’s war against Ukraine.
Countries are starting to realize that it’s impossible to do any long term planning with the US. Even if Trump’s successor changes course, there’s no guarantee that things won’t change again in the next election.
you’d think so but the eu and west asian nations under the american sphere literally doubled down on their bets on the US recently.
The EU and west-asian countries are fully occupied by US agents. Japan is a great example of a completely subservient country after their defeat in WW2
and the agents are US friendly natives.
The US even tried to restart the Japanese Empire as a sub-empire, the Korean War threw a big ol wrench in that plan though.
It’s because they’re vassals in the truest sense. Their economies are centred on the US, and as a result their politics are captured as well. What the trade war showed is which countries have genuine sovereignty and which do not.
that list seems very heavily weighted in favor of the US if you look at the number and areas that they cover.
It seems like the split is across G7 and BRICS. Countries are flocking over to one bloc or the other, and BRICS is where most commodities and manufacturing is right now. The BRICS economies have already surpassed the G7 in PPP terms.
does that include things like wealth?
the ultimate trump card seems to be military capability should the g7 ever decide that they can no longer tolerate a threat to their wealth like they’ve done in the past with forced regime changes and invasions.
BRICS are in a superior position relative to G7 in terms of material wealth, which is ultimately what people need to live.
In terms of going to war, we’re already seeing how that’s working out in Ukraine and Iran. The empire doesn’t have the capacity to take on countries with large industries. Meanwhile, China has already put a squeeze on rare earth exports that are needed for any modern weapons production.