Were 50% tariffs on India due to US President Trump’s ‘personal pique’? Jefferies claims real reason is not Russian oil purchase but…
Jefferies pointed out that this “red line” was supported despite heavy economic costs, and effectively rejected the 47th American President to strengthen his international situation and potentially rejected one of the opportunities to recognize the Nobel Peace Prize.
According to a recent report by American Multinational Investment Bank and Financial Services Company Jefferies, 50 percent of tariffs imposed by the United States on Indian goods by the United States are not allowed to mediate the “Personal Pike” of President Donald Trump to the conflict of Indian-Pakistan. The report reported that the American president hoped to intervene after a four -day military conflict between the two countries in May.
Tariffs in India because the US is not allowed to mediate the India-Pakistan conflict
“Tariffs are primarily the result that the American president ‘personal Pike’ is not allowed to end the long -term ruthlessness between India and Pakistan.
Jefferies pointed out that this “red line” was supported despite heavy economic costs, and effectively rejected the 47th American President to strengthen his international situation and potentially rejected one of the opportunities to recognize the Nobel Peace Prize. Another point of adhesion is agriculture. The report stressed that no Indian government, including the current, is not willing to open the agricultural sector for imports due to serious consequences on millions of people.
USA’s 50% tariff effects to India
According to the report, approximately 250 million farmers and relevant workers are dependent on agriculture for livelihood sources and the sector is about 40 percent of India’s labor force. According to Jefferies, the brutal tariffs imposed on India are now connected to a wider chain of event. Trump could not end the Ukrainian conflict, as he promised, and India’s Russian oil purchases became an additional problem in Washington.
However, the report stressed that the underlying cause of India refused to allow Trump’s personal intervention to the Pakistan issue. Jeferveries analysis described its development as a “classic example of the conceptual gap in Washington, and said that such decisions are not compatible with the national interests of America. He warned the risks that bring the risks that pushed India closer to China, pointing to the restart of direct flights between the two countries until September after two years.
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