President Donald Trump recently finalized a new trade agreement with the European Union, under which the European tariffs on American products have been removed. This move is being hailed as a significant success for the American economy, with an expected increase in American exports. [1]
However, on the other hand, President Trump has announced tough measures against Russia. He has threatened to impose 100% tariffs on Russia if it does not stop its aggression against Ukraine. Additionally, 25% tariffs have been imposed on products imported from India, which is expected to burden India with approximately 960 billion rupees annually. [2][3]
President Trump's policies are increasing tensions in global trade relations, and experts say these measures could have profound effects on the global economy. Investors are advised to keep a close eye on the current situation and make their investment decisions carefully.
