#trumptariffs
1. 🇮🇳 India: High Tension (Rice Threat)
Current Status:
India is currently facing
50% tariffs
on many goods.
Latest News (Dec 10):
Trump has threatened
new tariffs on Indian Rice
(Basmati), aiming to protect US farmers.
Reality Check:
Despite the
50% tax,
Indian exports to the US actually
rose in November, proving resilience.
US lawmakers are now urging Trump
to scrap these tariffs to help American consumers.
2. 🇨🇦 Canada & 🇲🇽 Mexico:
The USMCA Breakup?
The Big Move:
Trump’s trade team is officially discussing
scrapping the trilateral USMCA deal
(NAFTA replacement) in 2026.
Plan:
They want to sign separate
deals with Canada and Mexico
to have more control.
Tariffs:
The 25% tariffs on
steel/aluminum and goods
remain a major friction point,
though some energy exports
are taxed lower (10%).
3. 🇨🇳 China & BRICS
China:
"Fentanyl Tariffs" were adjusted in November
(reduced to 10% in some cases)
to keep talks open.
BRICS Warning:
Trump maintains a standing threat of
an extra 10% tariff on
any BRICS nation
(Brazil, Russia, India, China, SA) that pushes
"anti-American"
policies or tries to replace the US Dollar.
📉 Market Impact:
Markets are currently volatile
as traders fear the USMCA breakup could spike inflation in Q1 2026.