US President Donald Trump's tariff imposition feels like all are subjects of the 'US Empire', said Zerodha Co-founder Nithin Kamath.
Trump's tariff talks have managed to escalate tension across various sectors. On Saturday, the US President unleashed a tariff war, with general levies of 25% on Canada and Mexico and 10% on China. Trump had previously spoken about imposing tariffs as a method to make America rich again.
"The way Donald Trump has gone about imposing tariffs and making statements about other countries makes it feel like we are all subjects of the 'US empire', if it wasn't evident till now," Kamath said in a post on X.
Kamath also commented on the position of America in the geo-political and trading dynamics. With China taking its place as the largest trading partner, the question of the tariff talk backfiring on America still stands.
"In terms of trade, China today is the largest trading partner for over 120 countries. In terms of financial and military dominance, the US remains the most powerful nation, for now. The question is, will the stance of 'America first' backfire or not?," he said.
The way Donald Trump has gone about imposing tariffs and making statements about other countries makes it feel like we are all subjects of the "US empire," if it wasn't evident till now.
February 3, 2025
In terms of trade, China today is the largest trading partner for over 120 countries. In… pic.twitter.com/e6cJF9EdBPKamath further highlighted the impact that these talks and changes that America will see.
"In such a globalised and interconnected world, how can you increase tariffs, which will inflict collateral damage, and still hold on to power?" he posted.
With a lot of countries and sectors awaiting clarity and this stance, he zooms out to point that America is part of the globalised world. The sheer damage that the confusion itself causes is set to weigh in, according to Kamath.
AdvertisementAs things stand, US President Donald Trump said he will “definitely” place new tariffs on the European Union, reiterating complaints about the US' trade deficit with the bloc and what he sees as insufficient EU imports of American cars and agricultural products, according to Bloomberg.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.