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

US President Donald Trump has decided to impose 25% tariffs on imported cars starting from April 2. European Commission Chairman Ursula von Der Leyen has expressed deep concern and regret over this decision. According to him, this step is harmful for trade and consumers not only for Europe, but also for the US and the European Union (EU).

European Commission statement

Ursula von Der Leyen said, “The automotive industry is the main pillar of innovation, competition and quality jobs.” He further explained that the effect of this new tariff will have a bad effect not only on business but also consumers. Von Der Leyen also said that the European Union will evaluate this decision of the United States and will continue the process of dialogue for the solution.

Trump’s decision and its influence

US President Trump has signed an executive order about 25% tariff, which will be effective from April 2. He says that this step is being taken to protect the US industry, especially on imported cars from countries that do not produce in the US. Trump commented at the Oval Office, saying, “We will take tariffs from countries that take our jobs and property.” He said that these tariffs will apply only to cars that are not built in the United States. The cars that will be made in America, there will be no tariff on them.

America’s new mutual tariff system

The purpose of this new tariff is to increase duty on imported cars from countries which are not assembled in the US. This tariff will be applicable to half of cars and trucks sold in the US. Trump has promoted it as ‘Mukti Day’, when these tariffs will be effective. This step can further increase the growing trade dispute between the US and Europe.