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Trump Imposes Reciprocal Tariffs, Targets China and India Over Russian Oil Purchases
Trump Imposes Reciprocal Tariffs, Targets China and India Over Russian Oil Purchases
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BTCCSquare news:
President TRUMP escalated trade tensions with a midnight deadline imposing reciprocal tariffs on multiple nations, boasting billions would flow into U.S. coffers. "RECIPROCAL TARIFFS TAKE EFFECT AT MIDNIGHT TONIGHT!" he declared on Truth Social, framing the move as retaliation against countries that "have taken advantage of the United States."
The policy includes a layered 25% tariff on India for purchasing Russian oil, set to compound with existing duties. Trump accused New Delhi of "fueling the war machine" in Ukraine. Similar measures were floated against China, though specifics remain pending. Markets now watch for Ripple effects across commodities and forex—traditionally a volatility catalyst for crypto as a hedge.
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