In today's edition: How Trump's real estate footprint grew in India; a look at US imports from Russia; India's China challenge; and more
Good morning!
United States President Donald Trump’s tariffs are set to kick in tomorrow. India is facing a 25 per cent charge, plus an unspecified “penalty” for its purchase of Russian oil. On Tuesday, Trump doubled down on his threat, warning that he will raise the tariffs against India “very substantially over the next 24 hours”. He added that India will offer the US a zero-duty deal, but “that’s not good enough because of what they are doing with Russian oil.” Taking note of Trump’s criticism, Russia has hit back, saying, “sovereign countries must have, and do have, the right to choose their trade partners”.
We have more on the tariff war, but first, let’s take a look at the expanding Trump empire in India, a nation he recently branded as a “dead economy”.
🏢 Brand Trump
In the eight months since Trump came to power in the US, his family-controlled The Trump Organisation has been on an expansion blitz, adding up to 8 million square feet of realty development. From his first term, Brand Trump’s real estate footprint in India has jumped threefold.
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