US President Donald Trump last week announced additional punitive action on imposing 25 per cent high tariffs on India and doing business with Russia, causing a stir all over the world. He also said that I do not care what India does with Russia. They can further drop their dead economy. The reaction of Canadian Business Tycoon Kirk Lubimov has come about Trump’s statement.

Testband company chairman Kirk Lubimov, while criticizing Turmp’s strategy on Twitter, wrote, ‘Trump is now taking the fastest growing economy in the world to fight with India. This is a big geopolitical mistake. Lubimov believes that the importance of India is not only economic, but also to balance China’s influence in the supply chain. He suggested Trump that he should cooperate with Canada and India instead of controlling India with nail-hills so that global resources can be balanced.

I’ve said it before, and i’ll say it again;

The biggest problem with Donald Trump’s Tariff approach is that it has zero consider to geopolitical strategy.

Trump is now picking a fight with India, one of the fastest growing economies in the world with prime minister, modi, modi,… pic.twitter.com/a0i7jnom6w

– kirk lubimov (@kirklubimov) August 2, 2025

Trump described India as a dead economy

Trump not only described India as a dead economy, but also severely criticized India’s high tariff policies. He alleged that India imposes the world’s highest tariff on American goods. America’s trade with India is limited due to tariffs and restrictions. India’s trade with Russia weakens the US ban policy. This stance came at a time when India has become the second largest buyer of crude oil from Russia. Earlier this part was less than 1%, which has now exceeded 35%.

India’s response- we grow fast economy

The Government of India immediately responded to this statement based on diplomatic and facts. Commerce and Industry Minister Piyush Goyal said in Parliament that India is now the fastest growing major economy in the world and is soon to become the third largest economy in the world. According to Goyal, India’s contribution to Global GDP is around 16%. The flexible economic policies and structural reforms of the country have made India a global growth engine.

Also read: Operation Akhal: Encounter continues for 3 days in Kulgam, Jammu and Kashmir, so far 2 terrorists killed; Security forces surrounded 3 terrorists

The trade deal between India and America has been finalized. Now America will impose 25 percent tariff on imports from India. It has been announced by President Donald Trump. Trump said that India will have to pay 25 percent tariff from August 1.

Donald Trump wrote on the social media platform Truth, ‘India is our friend, but we have done relatively less trade with India in the last several years, because their tariffs are very high, the most in the world.’

The US President said that India has bought most of the weapons and other military equipment from Russia. With this, he said that India as well as India is one of the biggest oil borrowers of Russia. When everyone wants to stop killing people in Russia Ukraine, then all these things are not good. Trump further wrote, ‘Therefore India will have to pay 25 percent tariff and fine from August 1.’

Trump’s sharp attack on India
US President Donald Trump described India as a ‘friend’ in a strong post, but at the same time described Indian trade policies as ‘very tax imposed’ and ‘most harassing in the world’. He said that India’s taxes are the highest in the world and this country also makes non-economic trade obstacles very difficult.

Russia-Ukraine blamed India and China for war
Trump also alleged that India and China are funding the war of Russia. Trump says that if he takes oath again on January 20, he will end this war within 24 hours. He said that India and China buy the most energy and military equipment from Russia, affecting global efforts to prevent violence in Ukraine.

Cleaning on India’s oil purchase
In response to the criticism of Trump for India’s procurement of oil from Russia, the Indian government has already made it clear that this decision has been taken in view of the country’s energy needs and budget limitations. Foreign Minister S. Jaishankar has said many times that India’s oil import is not based on the demand of the market, but the demand for the market.

Us Donald Trump Tariff on Vehicles: US President Donald Trump has announced on Wednesday (March 26) that 25 percent tariffs will be imposed on all vehicles that are not manufactured in the United States. The White House confirmed the announcement and said that the step will be applicable from April 2.

During his announcement at the White House, Trump said, “We are going to impose 25 percent tariffs on all cars which are not made in the United States.” This new tariff policy will not only apply to cars made abroad, but it will also affect light weight trucks.

New tariff with current tariff
This tariff policy will be implemented in addition to the current tariff. Currently, according to the US International Trade Commission (USITC), the tariff rate of 2.5 per cent was applicable on passenger vehicles coming from most countries. At the same time, a tariff of 25 percent was applicable from the 1960s in the name of “chicken tax” on trucks.

Impact on American vehicle industry
Soon after this announcement, the shares of American vehicle manufacturers saw a decline. Ford Motors shares fell by 1.8 percent and General Motors’ shares declined by 1.9 per cent. The tariff policy is likely to impact on the US automobile industry as well as global wide manufacturers, which produce their vehicles in other countries and export them to the US market.

Other industries also monitor
In addition to the automobile industry, the Trump administration is also considering putting specific tariffs on pharmaceuticals, semiconductor and other areas. The move aims to provide protection from global competition to American industries and promote domestic production in the US market.

Potential impact on business relations
This tariff policy can also affect relations with the US business partners whose vehicle manufacturers hold a large share in the American market. In addition, this step may increase the prices of vehicles for American consumers, as high tariffs on vehicles imported by foreign manufacturers will make their production and expensive expensive.