Don’t get excited. Trump’s new tariff on India will only raise $40 billion.
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Photo above - President Joe Biden appears perplexed in June 2023, as India's Prime Minister Modi promises to become America's best friend forever. Shortly afterwards, Modi began buying Russian oil, to help Putin fund his invasion of Ukraine.
I’m all for placing higher tariffs on India, as punishment for buying Russian oil. (see link below). As a fellow democracy, India should stand strong with western nations which support the independence of Ukraine. Not only is India buying Russian oil, they’re also buying Russian jets. India’s Air Force is brimming with SU30 and Mig 29 jet fighters. Putin is plowing his profits from those oil and weapons purchase right back into its invasion of Ukraine.
But I doubt if the $40 billion tariff hit is going to deter India from its misbehavior. The self described “Jewel of the East” is gearing up to fight wars with both Pakistan and China. Non-nuclear, we certainly hope. As far as that goes, India buys its uranium from Canada. Hey, could you guys north of the border please behave also? And put out your damn forest fires! This is the second year in a row.
I’m pretty sure I could manage to live without fast-fashion100% polyester tops imported from India, if it comes to that. Probably basmati rice too. But tariffs on rice and cheap clothes aren’t going to bring any jobs back to America.
If Trump was serious about jobs, he’d impose tariffs call centers, and help desks. Those are the sort of jobs which people in small town America could easily do with their high school diplomas. And the $40 billion we get from import tariffs - if Trump doesn't chicken out again - would only fund the US government for 1 day or so . . .
I’m just sayin’ . . .
Trump’s 50% Tariff May Clip India Growth by 1%, Analysts Say
There is actually nothing wrong with India buying oil from Russia they are breaking absolutely no rules whatsoever. It seems to escape every ones notice that both Russia and India are part of the BRICS+ trade group. They are the letters R and I in the word. So the sanctions actually don't apply and cannot be applied by any of the members on each other. For the same reason if India elects to buy oil from IRAN they are not doing anything wrong either as IRAN is part of the +. Newsflash Last time the BRICS group had their meeting it was India that was the blockage that stopped the group dumping the USD as the trade mechanism. The others are very much of the mindset of trading directly in their own currencies and leaving the dollar out of the equation. That could change they are due to meet in October again. The BRICS group is pretty much self sufficient if they A philanthropist to return the compliment or worse still decide that the US is trying to bully them and they subsequently decide we as a group really don't want to or need to trade with the US. They also have significant influence within other regional trade agreements etc.
The only thing I can see happening with the tariffs is Pissing people off and secondly things costing the people of the US more to buy the things they need or want including the groceries (food).
Yes the answer continuez to be hemp oil for petroleum oil production. Allowing America to become fuel independant negates the need for tariffs. As you noted tariffs arent going to bring unskilled jobs back to the USA. Tarriffs will only result in increased prices.
Trump has mixed up economic policy with diplomacy (again) and made a hash of things. Modi did not start buying Russian oil in order to fund the invasion of Ukraine. He did so in order to supply his nation's emerging economy with an affordable energy source. If Trump were serious about putting pressure on Russia he might have offered India a viable alternative.
There was a rather interesting article about this... It detailed just how much the states are still buying from Russia themselves ... If you're interested .. https://www.ndtv.com/world-news/donald-trump-was-asked-if-us-imports-uranium-fertilisers-from-russia-his-reply-9027936
Well, who are America, to tell other countries, who they can trade with, and who they can’t trade with, after all, America do buy uranium from Russia, and rare earth minerals from China, America needs to be put back in its box, they think they rule the earth, it needs to stop,
@SusanInFlorida A 'cat-dog' called electoral autocracy- electoral autocracy is today's most common form of autocracy.The erosion of democracy in India is not happening in isolation - it reflects broader global trends of rising authoritarianism.India’s interpretation of its own interests are therefore not aligned with western interests, and if its positions align with certain western positions, those have less to do with any perception of shared values, and more with defending its own perspective. India’s Worsening Democracy Makes It an Unreliable Ally. May 2014, when Modi came to power, until July 2022, in their forthcoming book, How Long Can The Moon Be Caged?. The detained prisoners include lawyers, writers, human rights activists, and other socially-conscious dissidents. According to watchdog Access Now, India leads the world in network shutdowns, and as western tech companies have learned, India browbeats telecom and social media companies to take down content and threatens them with police action if they don’t comply.
@Khenpal1 you are well informed about india's problems. that's the perception of some of us in America too. I work with several Indian nationals, both here and in india, in my job (they write code). i have the greatest respect for the people i work with
@SusanInFlorida The same happened in US it is he that has the greatest backing both financially and persons who can influence that will win an election.
