India moves ahead with tariffs on US goods
Source: CNN
The country has proposed hiking tariffs on 30 US products in order to recoup trade penalties worth $241 million, according to a revised World Trade Organization filing.
India said the retaliatory barriers are equal in value to US tariffs on steel and aluminum from India that were imposed by the Trump administration in March.
The new tariffs target products including American almonds, walnuts and apples, as well as some chemical and metal products.
India said its tariff on large American motorcycles, which President Donald Trump has repeatedly spoken out against, will also be hiked.
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Read more: http://money.cnn.com/2018/06/17/news/economy/india-us-tariffs-steel-aluminum-wto/index.html
Bernardo de La Paz
(49,002 posts)China, EU, Canada, Mexico, India.
Jedi Guy
(3,191 posts)Any country that wants to curry favor with China or the EU can join their team on the escalating trade war, and you know how Trump makes friends everywhere he goes...
leftofcool
(19,460 posts)bucolic_frolic
(43,167 posts)will be less able to finance RESISTANCE
This is a Trumpian strategy
Firestorm49
(4,035 posts)China has retaliated.
Canada has retaliated.
India has retaliated.
The EU is threatening retaliation.
And the list will grow.
Thank you David Dennison
Hortensis
(58,785 posts)have both entered into new trade agreements with other nations, including China, to replace the losses Trump is trying to impose on them. The losses will be ours.
As they should be. Everyone whose misdirected vote -- or lack of it -- created this situation deserves to suffer for it. Unfortunately, it won't be limited to them.
bronxiteforever
(9,287 posts)Submariner
(12,504 posts)Make social security moocher Paul Ryan crap his pants as Wisconsin business suffers.
DFW
(54,387 posts)Namely, into how patriotic, anti-nationalist Germans felt during the Nazi era.
Baitball Blogger
(46,715 posts)This is going to end badly, because they will all follow his example.
duforsure
(11,885 posts)And countries are designing it so that it does. His supporters will learn his lies are different from their reality, and he can't even be trusted. He doesn't care either if it hurts them , and his policies will badly. He's already taking health care away from millions, and even the lucky ones left with the ACA they say the premiums will increase at least 90% within 2-3 years. They don't care if it hurts you, they got your vote already so until this fall they can screw them claiming its others doing it all they want. Then rig the upcoming election.
flibbitygiblets
(7,220 posts)Way to fuck things up when they were doing just fine. Only an asshole so greedy as to bankrupt a fucking CASINO could be so incompetent.
SeattleVet
(5,477 posts)they had to have been key parts of a money laundering scheme. That is the only rational explanation, and, knowing how this asshole has operated throughout his life, absolutely the most likely one.
Follow the money.
roamer65
(36,745 posts)IronLionZion
(45,446 posts)except plenty of others will have to pay the price. It's going to be a long while before a future Dem president can repair these mistakes and build trust again.