The United States has escalated its trade dispute with India, imposing new tariffs that bring the total rate to 50% on certain goods. The move is linked to India’s trade policies and its continued purchase of Russian crude oil. While the Indian government’s response has been measured, Prime Minister Modi has established ‘red lines,’ indicating no concessions will be made that harm the interests of farmers and consumers. The development raises concerns about a potential inflationary impact on American consumers and a breakdown in bilateral communication. Economist Jeffrey Sachs criticised the policy, stating, "he’s shooting America in the foot, my country. He’s making it less prosperous and less competitive, but he is effectively uniting the rest of the world in closer relations." The situation puts the India-US strategic partnership under significant strain. #usindiaties #tradewar #tariffs #itwebvideos #donaldtrump #india #useconomy #foreignpolicy #modi #russia #geopolitics #bilateraltrade #globaltrade #breakingnews #currentaffairs #uselections
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