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Valued Social Butterfly
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Re: Trade Wars expand

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   The ignoble donald supporters won't mind all the problems until they are personally affected.    Many large companies are running out of off-ramp and are finally starting to complain to the WH that their profit margins are minimal and shrinking.   

    What many ignore is that parts for stuff "made in the US" are imported, some even in China and the cost to import those supplies have be absorbed by companies...well that is about to end and consumers will start to feel the impact - much sooner than GOP / Donald expected.  

 

     Like so many of his hair brane ideas, he is too simple minded to be bothered with the details and it is those unintended consequences that are coming to bite this administration - so expect a lot of distraction, aka Iran.  

PRO-LIFE is Affordable Healthcare for ALL .
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Re: Trade Wars expand

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@gruffstuff wrote:

https://www.bbc.com/news/world-asia-india-48650505

 

India announces retaliatory trade tariffs against the US.

 

 

India has said that, from Sunday, it will impose tariffs on 28 US products, including almonds and apples.

 

The new duties, some as high as 70%, are in response to Washington's refusal to exempt Delhi from higher taxes on steel and aluminium imports.

 

Earlier this month, US President Trump also announced the US was withdrawing India's preferential trade treatment.

 

Tariffs of up to 120% were announced by India in June last year, but trade talks had delayed their implementation.

 

In an announcement on Friday, India's Ministry of Finance said the decision was in the "public interest".

 

An earlier list had also listed a 29th item - artemia, a type of shrimp - but this was removed.

 

US-India bilateral trade was worth $142bn (£111bn) in 2018, a sevenfold increase since 2001, according to US figures.

 

But $5.6n worth of Indian exports - previously duty-free in the US - will be hit now the country has lost preferential treatment under America's Generalized System of Preferences (GSP).

 

The move is the latest push by the Trump administration to redress what it considers to be unfair trading relationships with other countries.

 

Tensions have since been rising between the two countries. Last year, India retaliated against US tariff hikes on aluminium and steel by raising its own import duties on a range of goods.

 

President Trump has also threatened to impose sanctions if India purchases oil from Iran and if it goes ahead with plans to buy Russian S-400 anti-aircraft missiles.

 

The latest tariffs from India come just days before country's Foreign Minister, Subrahmanyam Jaishankar, is due to meet his US counterpart, Mike Pompeo, at a G20 summit in Japan. Mr Trump and India's Prime Minister Narendra Modi are also expected to hold talks.

 

 


The march goes on. Go back and study what happened to the US in the 1920 after Smoot Hawley tariffs. The same thing will happen again. The answer. Get rid of Trump in 2020 and all with an R behind their name.

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Trade Wars expand

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https://www.bbc.com/news/world-asia-india-48650505

 

India announces retaliatory trade tariffs against the US.

 

 

India has said that, from Sunday, it will impose tariffs on 28 US products, including almonds and apples.

 

The new duties, some as high as 70%, are in response to Washington's refusal to exempt Delhi from higher taxes on steel and aluminium imports.

 

Earlier this month, US President Trump also announced the US was withdrawing India's preferential trade treatment.

 

Tariffs of up to 120% were announced by India in June last year, but trade talks had delayed their implementation.

 

In an announcement on Friday, India's Ministry of Finance said the decision was in the "public interest".

 

An earlier list had also listed a 29th item - artemia, a type of shrimp - but this was removed.

 

US-India bilateral trade was worth $142bn (£111bn) in 2018, a sevenfold increase since 2001, according to US figures.

 

But $5.6n worth of Indian exports - previously duty-free in the US - will be hit now the country has lost preferential treatment under America's Generalized System of Preferences (GSP).

 

The move is the latest push by the Trump administration to redress what it considers to be unfair trading relationships with other countries.

 

Tensions have since been rising between the two countries. Last year, India retaliated against US tariff hikes on aluminium and steel by raising its own import duties on a range of goods.

 

President Trump has also threatened to impose sanctions if India purchases oil from Iran and if it goes ahead with plans to buy Russian S-400 anti-aircraft missiles.

 

The latest tariffs from India come just days before country's Foreign Minister, Subrahmanyam Jaishankar, is due to meet his US counterpart, Mike Pompeo, at a G20 summit in Japan. Mr Trump and India's Prime Minister Narendra Modi are also expected to hold talks.

 

 

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