What is Liquid Gold? Trump’s new JACKPOT, US has reserves of…., how is it connected with India

Liquid gold in The United States: US President Donald Trump addressed a joint session of Congress (US Parliament) on Tuesday and with this, he despatched shockwaves across the geopolitical fraternity. Alongside with announcing reciprocal tariffs for European Union, China, Brazil, India, and South Korea, the US President also highlighted the importance of ‘liquid gold’. Here is your complete files chances are you'll perchance presumably possess got to know about what is ‘liquid gold’ and why Donald Trump is good sufficient with that.

For these unversed, liquid gold is an economic length of time coined for petroleum reserves. When Donald Trump talks about liquid gas, he's de facto talking about petroleum reserves of the country.

Donald Trump on ‘Liquid gold’

“Now we possess more liquid gold than Saudi Arabia and Russia. We will pay off our debt. We can reduce again inflation in the country and fulfill your complete needs of our country”, the President said relating to the presence of inaccurate oil in the country.

“I declared a nationwide vitality emergency on the very first day of taking station of job. Here's since you want to possess heard me mumble time and yet one more time, there may be more liquid gold under the earth below our toes than any a amount of country. And now, I fully authorize the most talented personnel ever to bag it. It’s known as drill, youngster, drill”, President Trump had said underlining the importance of liquid gold for the intention in which forward for The United States.

How grand ‘Liquid gold’ is accessible in US?

As per records from the US Vitality Information Administration, the US can possess proven oil reserves of forty eight.3 billion barrels by 2024.

Indian level of view on ‘liquid gold’

Talking relating to the Indian level of view, as per the bilateral agreement reached for the length of the most contemporary US hurry to of PM Modi, India is anticipated to lengthen its pure gas import from the US in conjunction with inaccurate oil. Conserving in mind India’s rising vitality needs, it is miles anticipated that India can lengthen its annual oil and gas imports from the US from contemporary $ 15 billion to $ 25 billion.

Donald Trump imposes reciprocal tariff on India

In US President Donald Trump, in his first address to a joint session of Congress, said the reciprocal tariffs would steal originate on April 2, reinforcing his administration’s stance on replace policy and criticising European Union, China, Brazil, India, and South Korea for excessive tariffs.

“India expenses us tariffs 100 per cent, China’s average tariff on our products is twice what we fee them.. South Korea’s average tariff is four times increased… the system is now not comely to the US, and it never become…on April 2, reciprocal tariffs kick in, and regardless of they tariff us… we are in a position to tariff them…regardless of they tax us, we are in a position to tax them. In the event that they originate non-monetary tariff to preserve us out of their market, then we are in a position to originate non-monetary barriers to preserve them out of our market…,” Donald Trump said.

(With inputs from businesses)