Trump Tariffs: US President Donald Trump, who has imposed tariffs that have rattled the world this year, is increasingly defending his actions. Amidst severe criticism, he has repeatedly claimed that his tariff policy is not only strengthening the American economy, but has also proved helpful in preventing conflict at the international level. Now Trump has made another sensational claim saying that he has stopped eight wars so far, out of which five were stopped due to the fear of tariffs.
Trump’s new claim
Trump said that due to tariff, not only billions of dollars have come into the US treasury, but it has also become an effective weapon of international diplomacy. Posting on Truth Social on Sunday, he wrote that a large amount of money and investment from abroad has returned to America due to threats of tariffs. According to him, due to these warnings, five out of eight possible wars in the world could be prevented.
Trump has often claimed that he has calmed many conflicts at the global level, including the ceasefire between India and Pakistan after the Pahalgam terrorist attack. He also said that at that time he had played a role in reducing tensions by threatening to impose 350% tariff.
Contribution of tariffs to the US economy
President Trump says that tariffs are very important for the American economy and national security. According to him, in the last nine months alone the US stock market has reached all-time highs nine times.
However, he has been criticized worldwide regarding his tariff policy. Critics say that this has increased instability in global trade. India has also been imposed high tariffs of up to 50% by the US, out of which 25% tariffs have been imposed citing India’s purchase of crude oil from Russia.
Impact on India and government’s response
US high tariffs have had a direct impact on India’s jewellery, shrimp exports, and many other items. However, the Indian government has announced separate assistance packages to protect the interests of the affected areas. Along with this, India has also intensified work towards finding alternatives to America for import and export while improving economic relations with China.
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