Donald Trump’s direct warning to trading partners… no need for Parliament’s approval for tariffs

Trump Warns Global Trading Partners: US President Donald Trump has issued a new and very strong warning to international trading partners. He has clearly said that he does not need any new permission from the US Congress to implement the tariff. According to Trump, the countries which have been looting America for decades will now have to be ready to pay huge taxes.

Trump’s aggressive stance

President Trump criticized the social media platform ‘Truth Social’ But he has made his intentions completely clear through the post. He claimed that as President, he already had the power to impose tariffs in several legal forms. Now be careful of those countries which are only serving their self-interest and benefit by harming the American economy for years.

Attack on Supreme Court’s decision

Recently, the US Supreme Court has given a major decision to cancel some old tariffs imposed during the Trump administration. Trump called the court decision ‘ridiculous and very poorly crafted.’ Terming it as such, it has been strongly criticized. However, they also argued that the decision actually vindicated their rights to impose tariffs in one way or another.

India tour postponed

Due to the fresh ambiguity and uncertainty created in the tariff regime, the Government of India has taken a very important diplomatic step. India has completely postponed the high-level visit of its proposed trade delegation to Washington for the time being. According to sources, this decision has been taken after very intensive discussion and mutual consultation between Indian and American officials.

Clouds looming over trade agreement

The Indian delegation was to discuss and negotiate the nuances of a very important interim trade agreement in Washington. This proposed agreement was highly expected to result in a major reduction in the heavy punitive tariffs imposed on Indian exports. Also, with this new arrangement, there was a possibility of a significant increase in the entry and import of American products into the Indian market.

White House peaceful diplomacy

Amidst all this controversy and tension, no official or major public statement has come out from the White House yet. A senior administration official said that they are continuously working behind the scenes with all their major trading partners. At present, new dates have not been announced by any side because it may take more time for the situation to become clear.

Also read: China appeals to America: No one wins in trade war, remove unilateral tariffs immediately

impact on global market

This open warning by Trump has once again created an atmosphere of instability and great fear in the global market. Countries that want to take advantage of the Supreme Court’s decision to play trade games with America will now have to face even stricter tariffs. This statement of Trump shows that he is going to implement the policy of protectionism more strongly in his second term also.

future business strategy

At present, the new travel date of the delegation has not been decided as the tariff situation after the court decision is not at all clear. Both India and America are now eagerly waiting for the legal situation on the tariff system to be completely clarified. As long as this uncertainty continues, signing major trade agreements appears to be very difficult at the international level.