Trump tariffs and the making of a trade war
Hindustan Times Haryana|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.

Denne historien er fra December 20, 2024-utgaven av Hindustan Times Haryana.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra December 20, 2024-utgaven av Hindustan Times Haryana.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA HINDUSTAN TIMES HARYANASe alt
Hindustan Times Haryana

Kohli, Smith and the old touch

Their place among the all-time batting greats is settled, but both will be keen to live up to their own lofty standards.

time-read
6 mins  |
December 25, 2024
Hindustan Times Haryana

India face Bangladesh in their CT opener, Pakistan on Feb 23

India will play Bangladesh on February 20 in their opening Group A game of the ICC Champions Trophy, to be played in Dubai as part of the hybrid model agreed for the tournament.

time-read
1 min  |
December 25, 2024
Hindustan Times Haryana

Konstas to debut; Head, Rohit ready to go

Much of the intrigue on Tuesday centred around the fitness of two key figures on either side—Australia's Travid Head and India's Rohit Sharma.

time-read
2 mins  |
December 25, 2024
Hindustan Times Haryana

INDIA GEAR UP FOR WOMEN'S T20 U-19 WORLD CUP TITLE DEFENCE

The India women's cricket team has so far been unsuccessful in winning a World Cup, not even after the big boost of coming under the BCCI fold in 2006.

time-read
1 min  |
December 25, 2024
Hindustan Times Haryana

Harleen Deol, Pratika Rawal shine as India women clinch ODI series

It was a thoroughly dominant all-round performance from India yet again in this series as they defeated West Indies by 115 runs in the second women's ODI and took a 2-0 lead in the three-match series at the Kotambi Stadium, Vadodara on Tuesday.

time-read
2 mins  |
December 25, 2024
Hindustan Times Haryana

Paris heartache over, Chanu focuses on regaining fitness

There's no point in brooding over what's done... I know I need to raise my game if I am to win a medal in Los Angeles. MIRABAI CHANU, Tokyo silver medallist

time-read
3 mins  |
December 25, 2024
Hindustan Times Haryana

Khel Ratna row: Lapse on my part, says Manu

Seeking to end all \"speculations\" after her name was not considered for the Khel Ratna Award, Paris Olympics double medallist shooter Manu Bhaker on Tuesday admitted to a possible lapse in her application for the country's top sports award.

time-read
2 mins  |
December 25, 2024
Hindustan Times Haryana

HURT BY IMPORTS, STEELMAKERS EYE SAFEGUARD DUTY

The commerce ministry's investigation into imports of flat steel products and a likely safeguard duty to curb their shipments have sparked optimism of a turnaround for Indian steelmakers after a tepid year marred by slipping sales prices and shrinking margins.

time-read
1 min  |
December 25, 2024
Hindustan Times Haryana

Rupee hits record low for sixth straight session

The Indian rupee weakened to its all-time low for the sixth consecutive trading session on Tuesday as a rise in U.S. bond yields boosted the dollar and strong demand for the greenback from importers added to the lingering pressure on the local currency.

time-read
1 min  |
December 25, 2024
Hindustan Times Haryana

Agri export policy to get a makeover

India's six-year-old Agricultural Export Policy (AEP) is set for an overhaul as export destinations shift and the country's farm exports basket becomes more diverse, three people directly involved in the process said.

time-read
1 min  |
December 25, 2024