Finance

Trump Imposes New Tariffs on India, China

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Washington, D.C. – U.S. President Donald Trump has announced a sweeping set of tariffs on imports from India, China, and several other nations, a move he claims will redirect billions of dollars into the American economy.

Speaking during a campaign event in Ohio, Trump declared that the tariffs would take effect from midnight, targeting a range of foreign goods. While he did not specify all the categories affected, he said the policy was aimed at correcting longstanding trade imbalances and protecting American workers.

“Billions will flow in,” Trump stated, adding that the new tariffs were designed to ensure that the United States is no longer “ripped off by foreign powers.”

The tariff measures are expected to affect products in sectors such as steel, electronics, and textiles, particularly from countries including India and China. Trump argued that these nations have benefited unfairly from access to the U.S. market, contributing to the decline of American manufacturing.

Indian officials have not issued a formal response, but analysts suggest New Delhi may consider reciprocal trade measures if its exports are significantly impacted. During Trump’s presidency, trade tensions between the U.S. and India escalated, with both countries imposing tariffs on each other’s goods. This latest move signals a possible return to such confrontations.

Markets across Asia saw modest reactions to the news, with some exporters in India and China expressing concern over the potential disruption to their U.S. trade relationships. However, Trump’s supporters believe the policy could strengthen domestic industries and reduce reliance on foreign supply chains.

The timing of the announcement, coming just months before the U.S. presidential election, suggests a strategic push to appeal to American voters in manufacturing-heavy states. Trump has repeatedly framed his trade policies as tough, nationalist measures designed to prioritise American interests.

While global trade partners may view the action as provocative, Trump remains firm on his belief that high tariffs serve as effective leverage in international negotiations.

If these tariffs stay in place, UK exporters could find opportunities to fill supply gaps left by Asian competitors. However, officials in London have not commented on the implications for British trade.

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