Trump tariffs and the making of a trade war
Hindustan Times Ranchi|December 20, 2024
Before targeting the US's two neighbours and rival China, Donald Trump should bear in mind that there will be no winners in this war
Biswajit Dhar

Merely weeks before his inauguration as the United States (US) President for a second term, Donald Trump announced that he would implement his campaign promise of raising tariffs immediately after assuming charge. In two posts on his social media platform Truth Social, Trump stated that he would "sign all necessary documents to charge Mexico and Canada a 25% Tariff on ALL products coming into the United States, and its ridiculous Open Borders". He added, "This Tariff will remain in effect until such time as Drugs, in particular Fentanyl, and all Illegal Aliens stop this Invasion of our Country!" Trump also accused Beijing of not taking strong enough action to stop the flow of illicit drugs into the US, stating that the US "will be charging China an additional 10% Tariff, above any additional Tariffs, on all of their many products" imported by the US.

Through these announcements, the president-elect targeted two sets of problems affecting the US he has consistently highlighted - the flow of illegal migrants and the opioid crisis. The former issue was among the central planks of Trump's election campaign, while the latter was also given considerable space. Over the past several years, the opioid crisis emerged as a major problem for the US due to a steep rise in the number of deaths from drug overdose, according to the US Drug Enforcement Administration. Synthetic opioids, including fentanyl illegally produced in China, contributed to the spurt in opioid deaths over the past decade.

Esta historia es de la edición December 20, 2024 de Hindustan Times Ranchi.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición December 20, 2024 de Hindustan Times Ranchi.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE HINDUSTAN TIMES RANCHIVer todo
Hindustan Times Ranchi

KL Rahul: India's unsung hero and a masterclass in chasing targets

KL Rahul was hailed Monday as India's Champions Trophy unsung hero, having twice kept a cool head under pressure to see his team to victory in tense semi-final and finals.

time-read
1 min  |
March 11, 2025
Hindustan Times Ranchi

Dream Run: Imtiaz Ali on 20 Years in Bollywood and Highway's Re-release

Two decades, cult classics such as Jab We Met (2007) and Love Aaj Kal (2009), and an ever-evolving storytelling style — filmmaker Imtiaz Ali describes his journey as nothing short of surreal.

time-read
1 min  |
March 11, 2025
Hindustan Times Ranchi

Govt advocates obstructed in HC proceedings; cops deployed

AG RANJAN CONFIRMED THE INCIDENT, STATING THE ASSOCIATION TOOK ACTION AGAINST THOSE WHO APPEARED IN COURT NUMBERS 1, 2, AND 4

time-read
1 min  |
March 11, 2025
Hindustan Times Ranchi

Cyber fraud losses have surged 10-fold in a decade, says Finmin

Losses due to cyber frauds have surged nearly 10-fold in a decade, Pankaj Chaudhary, minister of state in the finance ministry, said on Monday.

time-read
1 min  |
March 11, 2025
Hindustan Times Ranchi

Syria Announces End of Operation Against Assad 'Regime Remnants'

Syria's interim government on Monday announced the end of a days-long military operation against insurgents loyal to ousted president Bashar Assad and his family in the worst fighting since the end of the 13-year civil war in December.

time-read
2 minutos  |
March 11, 2025
Hindustan Times Ranchi

PM Modi to Visit Mauritius From Today, to Seek Upgrading of Ties

Prime Minister Narendra Modi will travel to Mauritius on Tuesday for talks on upgrading strategic ties, days after US President Donald Trump signaled support for a deal between Mauritius and Britain over the future of a US-British military base.

time-read
1 min  |
March 11, 2025
Hindustan Times Ranchi

13 Held After Arson, Clashes in Mhow; Cops Invoke NSA

Thirteen persons have been arrested in connection with clashes in Madhya Pradesh's Mhow town after stone pelting at a rally celebrating the Indian cricket team's victory in the ICC Champions Trophy final, officials said on Monday.

time-read
1 min  |
March 11, 2025
Hindustan Times Ranchi

India Willing to Reduce Tariffs Further to Boost Trade With US

The Indian Side Has Signalled Wide-Ranging Cuts in Imports of Cars, Chemicals, Electronics, Medical Devices, Officials Said

time-read
3 minutos  |
March 11, 2025
Hindustan Times Ranchi

Sebi Curbs, Exchange Steps Reshape Options Market

BSE's options ADT surged 3-fold y-o-y during Oct to Mar 7, while NSE's fell 13%

time-read
2 minutos  |
March 11, 2025
Hindustan Times Ranchi

Guv: Rapists should be caught, beaten and sterilised like dogs

Rape accused should be spotted, beaten up on the spot, and sterilised like dogs, Rajasthan governor Haribhau Kishanrao Bagade said in Bharatpur on Monday.

time-read
1 min  |
March 11, 2025