Tension and speed has been raised in the last 24 hours in the… attack of everything through, as Fridays, which has been a deadline to sign trade agreements with them.
As his agreement with the EU is being criticized by several European voices, while keeping the planet anxious about what he is going to decide on tariffs on China, the US president has decided to open a front with India and throw the first warning.
India duties message in Moscow
More specifically, Donald Trump has announced that the US will impose a 25% duties on India products, but also that it would also be imposed on the country because it buys weapons and energy from Russia in the midst of the War in Ukraine.
The new duties are expected to affect India’s exports to the US, which are estimated to amount to about $ 87 billion in 2024, including products such as garments, medicinal products, gemstones and jewelry, as well as petrochemicals.
Although he described the Delhi “friend”, Trump socially criticized India’s commercial policies and made the penalties known. The Trump report on India’s relations with Russia comes only a few 24 hours after the US president gave a deadline to Moscow to reach an agreement on Ukraine and threatened that he would otherwise begin to impose duties on all those who have financial transactions with her.
Trump sends a message to China as well
China is also in the Trump list with these countries, so discussions in Stockholm, the uncertainty about the Trump decision and the statements that followed have a special weight.
In this context, and apparently, in an attempt to prevent developments, China’s Foreign Minister, Wang, called for closer cooperation with the United States and warned of any possible controversy between the two world forces.
China’s response to a conference with US companies
Wang made these statements during a meeting in Beijing with US business representatives, including Goldman Sachs, Boeing and Apple executives. As he pointed out: “China is willing to enhance cooperation with the US, to avoid incorrect estimates, manage the differences and explore cooperation opportunities.” As he argued: “China and the US must create more communication and consultation channels, see each other objectively, rationally and realistic, and cultivate a proper strategic perception, rejecting unilateral hegemony and the tactics of bullying.”
‘Inflate’ prices in the US
In the US, however, the impact of duties policy have already begun. In addition to the inflation’s “sting” in June, which rose to 2.7%, companies announce, among other things, price increases. The latest announcement came from the Athletic Giant Adidas giant, which argued that duties in the second half of the year would increase its costs by € 200 million.
The Adidas sportswear company warned Wednesday that it may be forced to raise prices in the United States after announcing that US duties would add about 200m euros ($ 231 million) to the second half. As the company said, it will review its prices for the US and decide on which products will be appreciated as soon as the duties are finalized.
