During the Second World War, the United States supplied weapons, food and goods to the allied countries. Most of the payments were made in gold. Because of which America was able to accumulate about two-thirds of the world’s gold reserves by the end of the war.

Mexico has given a big blow—from January 1, 2026, it is increasing huge import duties on all those countries with which there is no Free Trade Agreement, and India is also included in this list. Mexico’s Senate has approved new tariffs, in which duties on many categories will increase from 35% to 50%. The biggest impact will be on Indian automobile exporters—Mexico is India’s third-largest car export destination, with annual shipments of about $1 billion. Now, due to imposition of such heavy tariff, Indian companies like Maruti Suzuki, Hyundai, Tata Motors, Mahindra and component manufacturers may have to face huge cost pressure and demand slowdown. Steel, plastics, aluminium, chemicals and textile exporters will also be directly affected. These tariffs have been taken to protect Mexico’s domestic industry, to increase revenue, and perhaps for geopolitical balancing (especially US pressure). This step will increase both India-Mexico trade imbalance and supply chain costs. Trade tensions and global export competition are going to intensify. Will India retaliate? Will Indian exporters find alternate markets? This video will explain all the details in easy language.

President Donald Trump has reacted sharply to BRICS countries and said that America can now impose import duties (tariffs) on these countries. He said that the real objective of BRICS is to weaken the power of the dollar. In a meeting with Argentinian President Javier Mellí at the White House, Trump made it clear that America will not allow the power of the dollar to bow before any international alliance. He said, “Whoever wants to stay in the BRICS group can stay, but America will impose tariffs on them because this group is against the dollar.”

took a jibe at China

Trump accused China of recently deciding to buy soybeans from Argentina instead of the US, weakening relations between Washington and Buenos Aires. He said, “China always tries to create a rift, but it will be of no use.” On his social media platform Truth Social, Trump wrote that China deliberately took this step to harm American soybean farmers. He said that America is now considering reducing dependence on China in cooking oil and other products. Let us tell you that Trump had recently imposed additional 100% duty on China, after which the relations between the two countries have become worse than before.

Increasing tension in US-China relations

In Trump’s second term, relations between America and China have become more tense than before. Differences between the two countries are continuously increasing due to trade war, technology competition and wars in Ukraine and the Middle East. China has recently banned the export of rare earth mineral technology, which has further soured US-China relations.

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Indian rupee in international trade: The dominance of the Indian rupee will now be seen increasing in international trade. The RBI informed about taking steps in its direction after the meeting of the three -day monetary policy committee. Its purpose is to reduce dependence on foreign currencies. Under this, the authorized banks have been allowed to give loans in Indian rupees for bilateral trade to migrant citizens of Bhutan, Nepal and Sri Lanka.

Indian currency dominates

To promote the use of Indian currency in international trade, RBI Governor Sanjay Malhotra said that transparent reference rates will be set up for the currencies of major trading partners of India. Also, extensive use of a special rupee, a vaustro account (SRVA) has been allowed to encourage investment in Indian rupee in corporate bonds and commercial papers.

Dependence on foreign currency will be reduced

SRVA is an account opened by a foreign bank with the Indian bank, which directly provides international trade disposal in the Indian rupee (INR). This will help reduce dependence on US dollar and will protect the economy from fluctuations in exchange rate and currency crisis. Such steps will be helpful in controlling the current account deficit by decreasing dependence on foreign currency. The RBI Governor said that the external sector of India is strong and the central bank is keeping a close watch on the activities of the rupee and is ready to take appropriate steps if needed.

In the three -day meeting of Rabi’s monetary policy limited, while on one hand, it was decided to make any change in the repo rate for the second consecutive time, on the other hand, in his forecast, Central Bank Governor Sanjay Malhotra has increased the country’s GDP from 6.5 percent to 6.8 percent. In addition, inflation rates are also estimated to be 2.6 percent. Its second quarter is estimated to be 1.8 percent, 1.8 percent in the third quarter and 4.0 percent in the fourth quarter. This is estimated at 4.5 percent in the first quarter of 2026-27.

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Tension is increasing between America and India due to trade and energy. After US President Donald Trump’s displeasure over India’s 50% tariff and Russian oil purchases, American Treasury Secretary Scott Besant has given a strong message about relations between the two countries. Besant said that there is a strong foundation between America and India and any differences between the two countries can be resolved.

What did US Treasury Secretary Scott Besant say?

US Treasury Secretary Scott Besant said in a special interview to Fox News that relations between the US and India are strong and it is possible for both democratic countries to resolve their differences. He said, “Two great countries will solve it.”

However, Besant took a tough stand on the continuous purchase of crude oil from Russia by India. He said that this activist of India is providing financial assistance to Moscow’s Ukraine War. He said, “India has contributed to Russia’s war efforts by buying cheap oil from Russia and then selling sophisticated products. This is not a good step.”

Besant has given the reason for the Trump administration to increase the tariff on India

Besant also gave the reason for the Trump administration’s decision to increase the tariff on India. He said that due to slow trade negotiations, America had to take 25% and then 50% tariffs. He also mentioned the recent meeting of Prime Minister of India Narendra Modi, in which PM Modi met Russia’s President Vladimir Putin and Chinese President Xi Jinping at the SCO summit. Besant said that India’s price system is close to America and China, not Russia.

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Us tarifs: US President Donald Trump has decided to impose 10% tax on imports from all over the world and impose additional stringent duty on major trading partners, which has increased the possibility of global trade war. Meanwhile, China has warned America.

The Ministry of Commerce of Beijing said in a statement that these tariffs are against international trade rules and will suffer serious losses to the legal rights and interests of the countries related to it. China is ready to take retaliation to protect its rights and interests.

China released a statement

According to France24 report, Beijing urged Washington to immediately cancel these tariffs and warned that it would threaten global economic growth and damage the US interests and international supply chains. Apart from this, China also accused the US of unilateral threatening.

Difficulties increased for China

Trump has imposed a strict tariff of 34% on his big business partner China, while the Aadhaar fee of 10% will also be applicable for all countries. This is in addition to 20% tariff imposed last month. In response, Beijing imposed a fee of up to 15% on many US agricultural products including soybean, pork and chicken. The American tariff may shock the Chinese economy as it is already struggling with problems like debt crisis and decreasing consumption in the real estate sector.

Appeal to resolve the dispute

Beijing said that the US is claiming that it has suffered a loss in international trade. For this reason, he is making an excuse to increase the tariff on his business partners citing mutuality.

Beijing also said that this attitude of America ignores the benefits that have been received by all countries through years of business talks. At the same time, it also ignores the truth that America has made a lot of benefit from international trade for a long time. Instead, Beijing said to “talk” to resolve the dispute.