Republicans would face ‘serious penalties’ for opposing tariffs
On Wednesday, US President Donald Trump cautioned that any Republican who votes against tariffs will face “serious consequences” in the elections. In a post on Truth Social, Trump stated, “Any Republican, in the House or the Senate, that votes against TARIFFS will seriously suffer the consequences come Election time, and that includes Primaries!” Emphasizing the importance of tariffs, Trump stated, “Tariffs have given us great national security because the mere mention of the word has countries agreeing to our strongest wishes. Tariffs have provided us with economic and national security, and no Republican should be accountable for undermining this privilege.”
Trump emphasized that the trade deficit of the US with its partners has seen a significant reduction. “Our trade deficit has been reduced by 78 per cent, the Dow Jones has just hit 50,000, and the S&P, 7,000, all numbers that were considered impossible just one year ago,” he stated. In a separate post, he stated, “Canada has taken advantage of the US on trade for many years. They are among the worst in the world to deal with, especially regarding our northern border. Tariffs make a win for us, EASY. Republicans must keep it that way!” he stated.
Shortly after beginning his second term in January of the previous year, Trump declared substantial reciprocal tariffs on all of the US’ global trading partners, resulting in significant market upheaval. On April 2, 2025, the US commemorated ‘Liberation Day’, introducing an extensive tariff plan that impacted India more severely than many other nations. The increased tariffs enabled the US to engage in negotiations with multiple countries, focused on reducing the trade deficit.
In August last year, Indian exports encountered a severe 50 per cent tariff starting from August 27, comprising a 25 per cent duty along with an additional 25 per cent penalty for the ongoing purchase of Russian crude. Earlier this month, India finalized a deal with the US, resulting in a reduction of total tariffs to 18 per cent.
