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Trump Criticizes India’s Trade Practices, Sparks Market Uncertainty
Trump Criticizes India’s Trade Practices, Sparks Market Uncertainty
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BTCCSquare news:
President Donald TRUMP has escalated trade tensions with India, labeling the bilateral trade relationship as a 'one-sided disaster.' His remarks come amid concerns over the U.S. trade deficit with India, which stood at $45.8 billion in goods last year. Trump doubled tariffs on Indian imports to 50% last month, citing India's reliance on Russian oil and high tariffs on U.S. goods.
India has reportedly offered to slash U.S. tariffs to zero, but Trump's response remains unclear. The aggressive stance could Ripple through global markets, including cryptocurrency, as investors weigh the implications of heightened trade friction.
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