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Trump’s Tariff Policies Stir Global Markets as EU and India Face New Trade Barriers
Trump’s Tariff Policies Stir Global Markets as EU and India Face New Trade Barriers
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BTCCSquare news:
President Trump's aggressive tariff strategy continues to reshape global trade dynamics, with a 50% levy on Indian goods now in effect and the EU scrambling to meet US demands. The tariffs on India—partly retaliation for New Delhi's purchase of Russian oil—threaten to unravel years of diplomatic progress, while European officials race to eliminate industrial tariffs by week's end to avoid further escalation.
Tech tensions simmer as TRUMP signals potential semiconductor and digital service tax countermeasures, taking aim at EU regulatory practices he deems unfair to American firms. Market analysts warn India's discounted energy deals with Russia may be negated by the new trade barriers, particularly in labor-dependent sectors like textiles.
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