• Trump removes India from special trade status, ending tariff exemptions
    10 replies, posted
https://www.wral.com/trump-removes-india-from-special-trade-status/18424834/ CNN — The Trump administration announced Friday that it's ending special trade treatment for India, removing a status that exempts billions of dollars of the country's products from US tariffs. As of June 5th, India will be terminated from its designation as a beneficiary developing country. The move adds one more front to Trump's global trade wars. It comes as Trump took new aim at Mexico this week with threatened tariffs if the country does not step up its immigration enforcement actions. The President has also promised new levies on China amid an impasse in negotiations over a renewed trade deal, and is considering a ban on foreign auto imports. India will be removed from the preferential trade program, known as the Generalized System of Preferences, which gives developing countries easier access to the US market and lowers US duties on their exports. The White House also removed Turkey from the GSP program. The tariffs will apply to "large residence" washing machines and solar cells and panels from India. Trump has repeatedly slammed Indian duties on US goods, including on motorcycles. In a letter to Congress back in March, Trump signaled his intentions to remove India from the GSP and accused the nation of unfairly shutting out American businesses. India was one of several countries affected by US steel and aluminum tariffs last year. The Indian government announced it will impose tariffs on US goods worth $240 million, but postponed putting them into effect several times.
What the fuck does Trump hope to achieve by starting a trade war with the entire world at once
Putin’s Cockholster Theory about destroying the west is plausible
Fuck up the US economy and please daddy Vladimir.
Has to his "america first and only!!1!" mentality. All the companies do is jack up the consumer prices every time and doesn't affect them until everything becomes abhorently expensive and the economy breaks.
*Daddy Vlady
he's building a wall around the US economy hoping that his very short tenure will cause businesses to move all their jerbs back here
crashing this economy with no survivors
*Dadimir
It damages the Western economy therefore empowering Russia. It also encourages right-wing nationalism as the economy keels over.
So, so many dipshits in suits and ties are going to have to die when this is all over
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