US Treasury Secretary Scott Bessent has warned that additional secondary tariffs could be imposed on India, contingent upon the outcome of President Trump’s meeting with Russian President Putin. These potential tariffs follow existing penalties on India for purchasing Russian oil and weapons. The US is seeking to pressure Moscow to agree to a peace deal in Ukraine, with the outcome of the meeting in Anchorage this Friday being a key factor in determining the future of trade relations. India’s increased reliance on Russian oil imports and their stance on trade negotiations has further strained relations, leading to potential economic consequences for India if sanctions are increased.
Read More
President Trump announced an executive order aiming to slash US prescription drug prices by 30-80%, potentially impacting global markets. This aggressive move involves pressuring European countries to increase their drug prices and threatening trade sanctions against uncooperative nations. The order seeks to lower prices to global minimums, forcing pharmaceutical companies to significantly reduce their profits and potentially reducing investment in research and development. This action is facing opposition from the pharmaceutical industry and analysts question its feasibility.
Read More
The European Union is reinstating tariffs on various US goods, totaling up to $13.5 billion in exports, primarily targeting products significant to Republican-leaning states. These duties, ranging from 25% on items like soybeans, steel, and almonds to similar levies on cranberries and orange juice, will be implemented in phases beginning April 15th. The EU’s action follows the suspension of similar tariffs in 2021 and is expected to pass without significant opposition. This strategic targeting leverages obscure customs codes to inflict economic pressure on specific US regions.
Read More
The US’s recent pause on planned tariffs and sanctions against Colombia following an agreement on migrant deportations has sparked a flurry of reactions, ranging from cautious optimism to outright outrage. The situation itself is relatively straightforward: the US, under its current administration, threatened Colombia with economic repercussions if it didn’t accept the return of its citizens who had been deported from the US. Colombia initially balked, citing concerns about the method of transport. The disagreement seemed to revolve around the use of military versus civilian aircraft for transporting the deported individuals.
This initial refusal led to the threatened tariffs and sanctions, creating a tense standoff.… Continue reading
Colombia initially offered to utilize its presidential plane to repatriate migrants deported from the United States to Honduras. This gesture, intended to de-escalate tensions with the Trump administration, aimed to prevent the implementation of sweeping sanctions and tariffs on Colombian goods. The Colombian government’s proactive approach highlighted its commitment to resolving the migrant issue diplomatically and minimizing economic fallout.
However, the White House rejected Colombia’s offer, suggesting that the use of the presidential plane, while a symbolic gesture of goodwill, wasn’t sufficient to prevent retaliatory measures. This rejection, despite the Colombian government’s efforts, pointed to a deeper political impasse and indicated that the Trump administration remained intent on pursuing its planned sanctions.… Continue reading
John Q. Hosedrinker 
Matt Underwood