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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsIndia is hitting the United States with more tariffs
New Delhi (CNN Business)India just increased tariffs on US exports, dealing another blow to fragile global trade.
The tariffs on 28 US products, announced on Saturday by India's Finance Ministry, went into effect Sunday. The goods targeted include American apples which will be hit with a 70% tariff as well as almonds, lentils and several chemical products.
India first announced plans to impose new tariffs a year ago in retaliation for increased US import duties on Indian steel and aluminum. But it repeatedly delayed imposing them while the two sides held a series of trade talks.
The Indian government did not specify the value of the goods targeted in its statement, but previously told the World Trade Organization that they were worth around $241 million.
The two countries exchange goods and services worth about $142 billion a year, but the relationship has soured in recent weeks after the Trump administration ended India's participation in a preferential trade program earlier this month. The program exempted Indian goods worth more than $6 billion from US import duties in 2018.
Making America Great Again by screwing farmers. Crops will be rotting in storage with fewer buyers.
Iliyah
(25,111 posts)destroy the USA economically while letting the 1-2%ers to get richer.
The Republican party are traitors.
IronLionZion
(45,514 posts)that Putin wants Americans to have weaker immune systems
Our own GOP wants to turn us into a developing country by widening the wealth gap and destroying our middle class
DonCoquixote
(13,616 posts)That and he can hide the fact that Russia is still a third world country in many ways, including vaccines. Tuberculosis nearly came back because of awful Russian vaccine practices. The memory of places like the EU or canada needs to be annhi;ated for these folks to not have to blush, and that includes their american firends.
https://www.atsjournals.org/doi/full/10.1164/rccm.201305-0926OE
Wellstone ruled
(34,661 posts)are on the hit list. Farmers in the Northern tier States have been trying to diversify their Crop's and Dried Beans was a winner until today. Trump lost the Chick Pea market last fall,now Lentil's are gone.
Well,the Canadian Grower's got a nice gift as a result of today's India moves. Washington,Idaho, and Utah lose more of their Apple exports.
Wounded Bear
(58,693 posts)Wellstone ruled
(34,661 posts)did not understand what the TPP really was all about until I found some info on it. The Media spun it as a ugly NAFTA and that is all everyone thought it was. Once China was excepted to the WTO,all bets were off as to trading around the world and if your Alliances and Trading Agreements were not in place,well the outcome is what we see today. Wilbur Ross lives in the 1950's and as a result we are so screwed. Obama warned of this happening if we were not a full partner in the TPP. With most of the Manufacturing and the new Food Sourcing now in the Asian Regions,we built it and now it is coming back to bite us.
The Republican Party wanted to wipe any and all agreements settled by the Obama Administration bleached form the books. Well,we are now seeing the results.
Wounded Bear
(58,693 posts)without the US it is weaker, but now we are operating on our own against China and against the TPP conglomerate.
Yeah, great strategy there.
NewJeffCT
(56,828 posts)started when Donny revoked the trade status of India a few weeks ago