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Jai Kumar Sharma.
When Donald Trump slapped heavy tariffs on friendly nations like India and Brazil, and pushed the European Union to consider heavy tariffs on India and China, the official line was clear: punish Russia, protect Ukraine. But scratch beneath the surface, and a different story emerges—Ukraine may be the headline, but the real drivers of this aggressive trade posture are threefold: oil’s haunting return to centre stage, America’s fading grip on global wealth, and China’s uncomfortable proximity to the top.
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