India was expecting a market-shattering announcement in the forthcoming weeks, but Trump got the ball rolling prematurely by stating that he is now putting a silencing pause on taxes that will be taking place for 90 days. These changes have put on a 10% baseline and is sent out to various nations including India. The new surprise attacks Trump has in stored for China, however, those are set to tear China apart as Trump made sure to explain to the people that on China’s goods alone, we will be placing an insane 125% tax.
Trump is positioned to increase tensions between the US and China for years to come. With an already astounding lack of respect towards markets, these tariffs will ignite trades at a 125% mark which will instantly raise the USA’s border tax.
India and the rest of the world are prepared to retaliate. The timing of these adjustments is what is also making it alarming, given how fragile America’s economy is right now. Alongside worrying trends within the economy, payments are also becoming slow to get the supply to the markets. Trump’s statements will certainly worsen the volatility of the markets, so us citizens need to be ready to experience the new normal.
As expected, the crisis over non-existent oil has finally lent some breathing room but less expected have been the events taking place with oil brent. The income India is receiving from oil has everything but is not leading to any partnership with the US.