 "Experts have cautioned that the Trump administration's India policy is a 'colossal blunder' and asserted that secondary tariffs on India for buying Russian oil 'won't work'. Representational image")
US President Donald Trump once again defended his tariffs on foreign goods, insisting that they contribute significantly to the country’s economy. While speaking at the American Cornerstone Institute Founder’s Dinner on Saturday, Trump made it clear that without these tariffs, the country will have a “tremendous problem”.
“We have a lot of money coming in because of tariffs. If it weren’t for tariffs, we would have a big problem,” Trump said at the gala, which he attended after coming back from the United Kingdom. “But fortunately, we’ve been able to stop the world from taking advantage of us through their use of tariffs, right? Sort of interesting. But also, here’s the FDA Commissioner. He’s going to be working with us on this,” he furthered.
Trump went on to boast about the good work his administration has done in the span of a few months. But before he did that, he recalled that during his first term in the office, drug prices fell 0.25 per cent. “At the end of my first term, I was so proud. Proud to announce that drug prices for the year have gone down. And the people stood up. The fake news couldn’t care less. They didn’t get much of a charge out of it,” Trump said.
Impact Shorts
More ShortsTrade stopped the India-Pakistan conflict: Trump
At the same event, Trump also repeated his claim that he used Trade to end the India-Pakistan conflict. Trump said that he ended the India-Pakistan conflict with “trade diplomacy” as he demanded the Nobel Peace Prize for resolving multiple conflicts around the world.
While Trump has been claiming to end the war between India and Pakistan following the Pahalgam terror attack, New Delhi remained clear that the decision to end the military escalation was a bilateral one.
“On the world stage, we are once again doing things that we are just respected at a level that we have never been respected before," Trump said at the American Cornerstone Institute Founder’s Dinner. He insisted that there has been renewed global admiration for American leadership ever since he returned to the White House, PTI reported.
“We are forging peace agreements, and we are stopping wars. So we stopped wars between India and Pakistan, Thailand and Cambodia," the American president averred. “Think of India and Pakistan. Think of that. And you know how I stopped that — with trade. They want to trade. And I have great respect for both leaders. But when you take a look at all of these wars that we’ve stopped," he said.