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

This story is from the December 20, 2024 edition of Hindustan Times Jammu.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

This story is from the December 20, 2024 edition of Hindustan Times Jammu.

Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.

MORE STORIES FROM HINDUSTAN TIMES JAMMUView All
Hindustan Times Jammu

NSE adds 1 cr investors in 5 months; crosses 11 cr mark

In the last five months, daily new unique investor have ranged between 47,000 and 73,000

time-read
1 min  |
January 23, 2025
Hindustan Times Jammu

B'desh Ministry's Order Against Anti-Government Action Sparks Big Controversy

A Bangladeshi education ministry order demanding officers report institutions and pupils involved in anti-government \"provocative activities\" has been condemned by lawyers for challenging the spirit of last year's student-led revolution.

time-read
1 min  |
January 23, 2025
Hindustan Times Jammu

Temps up as Kashmir Sees Sunny Day; Snowfall, Rain Likely Today

The weather in Jammu and Kashmir was sunny and warm, with the day temperature climbing many notches above normal on Wednesday.

time-read
2 mins  |
January 23, 2025
Hindustan Times Jammu

Samsung Unfazed by Competition, to Focus on AI Ecosystem: JB Park

Leading smartphone manufacturer Samsung said it enjoys the competition from its rivals in India, one of its largest markets, where it is not only focused on mobile and AI technology but also trying to become an ecosystem provider, said JB Park, president & CEO of Southwest Asia on Tuesday here.

time-read
1 min  |
January 23, 2025
Hindustan Times Jammu

Polycab India Q3 Net Profit Rises 11.5% To ₹464.35 Cr

Wires, cables and fast-moving electric goods maker Polycab India Ltd on Wednesday reported an 11.5% rise in consolidated net profit at ₹464.35 crore in the December quarter, charged up by higher sales.

time-read
1 min  |
January 23, 2025
Hindustan Times Jammu

In Trump's pardons for Jan 6 rioters, a tale of two realities

President Donald Trump issued a full and unconditional pardon to almost all those convicted of participating in the attack on the US Capitol, instructed the Department of Justice to drop cases against others who stand accused, and commuted the sentences of those convicted of more serious offenses in an audacious attempt to rewrite recent history.

time-read
5 mins  |
January 23, 2025
Hindustan Times Jammu

India Faces Threat From Within, Not Outside, Says Farooq

President of the National Conference Dr Farooq Abdullah on Wednesday said that India does not face any threat from outside but from within.

time-read
1 min  |
January 23, 2025
Hindustan Times Jammu

CBI Closed Record 174 Cases in 2024 for Lack of Evidence, the Highest Ever in One Year

In 2023 and 2022, CBI Disposed of Investigation in 588 and 585 Cases, Respectively

time-read
2 mins  |
January 23, 2025
Hindustan Times Jammu

Fourteen killed, many injured in two separate accidents in Karnataka

As many as fourteen people were killed and several others were injured in two separate road accidents that occurred in Uttara Kannada and Raichur districts on Friday.

time-read
2 mins  |
January 23, 2025
Hindustan Times Jammu

Dy CM Meets Shah Seeks Funding for Cooperative Sector Schemes

Deputy chief minister Mukesh Agnihotri met the Union home minister Amit Shah at New Delhi on Wednesday and urged him to allocate adequate funds to the state for implementation of various schemes in co-operative sector, including computerisation of Primary Agricultural Credit Societies (PACS), state Programme Management Unit (PMU) and Institute of Cooperative Management (ICM) etc.

time-read
2 mins  |
January 23, 2025