US President Donald Trump questions the $21 million USAID funding to India for increasing voter turnout, suggesting that it is unnecessary given India’s economic standing. Trump also criticizes India’s high tariffs, particularly on car imports, despite the country’s relatively minor trade surplus with the US compared to China.
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President Trump signed an order to implement reciprocal tariffs to counteract high tariffs and trade barriers by other nations, particularly targeting countries like India. The tariffs, expected by April, aim to improve US trade competitiveness and could lead to trade tensions with key partners. India’s high tariff rates on US goods may result in increased duties and strained economic relations.
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President Donald Trump has issued a warning to Brics nations about facing 100 percent tariffs if they attempt to replace the US dollar with another currency. Emphasising the need to maintain the dollar’s role in global trade, Trump stated that any country trying to create a Brics currency or adopting another currency will face economic consequences.
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