U.S. President Donald Trump has proposed imposing up to 100% tariffs on goods from India and China, aiming to pressure these nations to cease purchasing Russian oil and to counteract de-dollarization efforts. This proposal was made during a high-level meeting with European Union officials, where Trump urged the EU to implement similar tariffs as part of a coordinated strategy to isolate Russia economically. India, a significant importer of Russian energy, faces potential economic repercussions from this proposal. In response, India is considering reducing tariffs on approximately $23 billion worth of U.S. imports to shield itself from Trump's impending reciprocal taxes. This move aims to protect Indian exporters from the 25% tariff announced by Trump earlier this year. The proposed tariffs have elicited concerns from various quarters. The European Union has expressed reservations about implementing such steep tariffs, citing potential disruptions to global trade and economic stability. Additionally, legal challenges loom over the legitimacy of Trump's tariff powers, with U.S. courts previously ruling some of his tariff actions beyond presidential authority. #TrumpTariffs #TradeTensions #IndiaChina #USTradePolicy #GlobalEconomy #DeDollarization #RussiaSanctions #EconomicDiplomacy #TariffWar #InternationalRelations
