Posted on 08/05/2025 5:56:47 AM PDT by marcusmaximus
The Indian rupee may drop past 88 to the U.S. dollar to an all-time low on Tuesday after U.S. President Donald Trump threatened steeper tariffs on Indian goods, worsening fragile sentiment and stoking concerns of more foreign outflows.
The 1-month non-deliverable forward indicated the rupee will open in the 88.00 to 88.04 range versus the U.S. dollar, down from 87.6550 on Monday. The rupee’s previous record low was 87.95, touched in February.
Trump again threatened to substantially raise tariffs on Indian goods, citing India's continued purchases and resale of Russian oil. India’s foreign ministry responded, saying it will take all necessary steps to protect its national interests and economic security.
(Excerpt) Read more at msn.com ...
Tax all money from America to India and start banning h1b/student visas. Either India will help stop the war in the Ukraine or we eliminate the hindu menace in America. It’s a good deal for us either way
The US dollar has dropped 11.7 percent since January. Good for our manufacturing, but very bad for Americans. The pot is calling the kettle black.
We are now paying 12 percent more for imported goods, and expected to rise from Tariffs. Inflation is hurting America, supply side inflation, Dollar debasement, unpayable debt, natural resources shortages ( rare earths for one) , high interest rates, all add up to a rapid decline in purchasing power.
I don’t know the extent to which America’s high-tech industry depends on H-1B, but AI says about 75% of top paid h-1bs are Indian.
Demonizing India is foolish. Ordering another sovereign nation what they can buy and what they can not is evil.
The world has had enough of US bullying,there are huge consequences , as we are witnessing.
Eff India and their H1B invaders.
Get rid of all of them and replace them with Americans who are looking for work. If a company can’t deal with that id rather they go out of business than importing hostile foreign aliens from a repugnant culture
I would hardly call attempting to end a war in the Ukraine “bullying”.
Microsoft is laying off about 9,000 employees after applying to fill thousands of foreign worker positions in the months leading up to the mass layoffs, according to a Washington Examiner analysis of U.S. Department of Labor data.
DOL quarterly statistics show that Microsoft submitted 4,776 labor condition applications, a prerequisite for filing H-1B visa petitions, between September and March, indicating to the U.S. government that it intends to fill 14,181 positions with foreign workers this fiscal year. The filings, however, include extensions to existing employment (3,680), petition amendments (285), and transfers (487), not just new H-1B hires, although the number of new foreign worker hires (9,738) was still high.
American jobs for Americans!
I don’t know what ”huge consequences” we are witnessing, seems to me that Trump has the wind at his back. Favorable trade deals continue to mount.
The US is sore about India cancelling its F35 orders…..and will become even sorer when the US and Britain are kicked out of Diego Garcia, or China/Russia is allowed to build bases in the island chain as is brewing.
U.S. foreign policy is becoming disastrous. They can’t project beyond their nose. I thought senile Joe was inept. What has happened to President Trump?
Answer: it appears the Neo Cons and Lindsey Graham have gotten a hold of him.
Favorable trade deals continue to mount.
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Trade deals good, but for how long? Trump has three years left, then what? Another senile Joe enters the stage to wipe out all his policies?
That said, ordering other sovereign nations what they can buy and can’t is just plain wrong, and is going to blow up in our face. The damage can not be undone, much like senile Joe weaponizing the USD.
I’ve never been a fan of India. I’ve always associated India with the old Soviet Union. I have no use for the place.
Since when is India a hostile foreign nation?
So just where have all the qualified U.S. workers been hiding?
Do you know anything at all about India’s culture? Keep in mind it is not monolithic.
I honestly don’t know what point you’re trying to make, no offense
Many here do not want to admit it. But if Dems manage to gain a majority in mid-terms it will be because of the tariffs. The issue is not whether they are a valid idea that are working in our favor. The issue is how they are perceived.
People have come to accept a degree of personal economic setback during Democratic administrations and legislature. It’s just the way things are. What they won’t accept is economic sacrifice when Trump promised otherwise. Most people are not in a position to put off certain purchases while they wait for U.S. manufacturing to provide goods which are now costing more due to the tariffs.
In addition if those tariffs are seen not just as a way to fix imbalances in trade policy but as a bully pulpit to make other sovereign nations to adopt foreign and domestic policies approved by Trump patience for a long term economic advantage will run very thin.
Don’t forget unlike trade policies legislated by Congress those done under an E/O can be changed if a Dem president is elected in the future.
It will tick many off to read this but I believe Trump will lose the current court case. I also believe even if he does have a limited authority to levy tariffs he is abusing that authority when he makes clear it is not just about trade.
You should duck. But your perception is spot on.
How so?
No offense taken.
During the Cold War, India was always marching behind the goose-stepping Soviets. At least that’s the way I saw it.
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