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India eyes tariff cuts on $23 billion of U.S. imports to shield $66 billion in exports, Reuters reports
CNBC ^
| March 25, 2025
Posted on 03/25/2025 4:12:53 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer
"India is ready to “substantially” lower tariffs or even scrap some entirely, on imported goods worth more than $23 billion from the United States"
India appears smarter than Canada at the moment.
To: mikey_hates_everything
Canada will get smart as well, but right they have an election. Doing business with Trump is an election sinker.
3
posted on
03/25/2025 4:18:37 AM PDT
by
Jonty30
(I have invented blackened salmon salad by baking it in the oven for too long. )
To: Oldeconomybuyer
Trump has got it out in the open...We're not some kind of tariff monster on the move...other countries tariff the hell out of us.
Trump wants to see Trade....balanced...If it can be done....then ALL tariffs can be removed.
To: Jonty30
Canada wants to try Orange Man Bad first. They believe the media.
5
posted on
03/25/2025 4:23:42 AM PDT
by
AppyPappy
(If Hitler were alive today and criticized Trump, would he still be Hitler?)
To: mikey_hates_everything
I have no problem making India our next China
6
posted on
03/25/2025 4:28:25 AM PDT
by
Strict9
To: Oldeconomybuyer
7
posted on
03/25/2025 4:29:25 AM PDT
by
mewzilla
(Swing away, Mr. President, swing away!)
To: Oldeconomybuyer
India saying, please take a compromise, don’t take all our tariffing advantage away.
To: Strict9
9
posted on
03/25/2025 4:55:33 AM PDT
by
A_Former_Democrat
(What does the Deep State have on Dims and RINOs? Demand release of all tax returns)
To: A_Former_Democrat
The Philippines- yes good idea. They are good folks
10
posted on
03/25/2025 5:01:38 AM PDT
by
Strict9
To: Oldeconomybuyer
Economists and commentators view tariffs as a lose/lose game. Trump sees it as poker. Trump has taken the political and economic worlds and turned them all edgewise. He is so out-of-the-box in his thinking that you can’t see the box from where he is. Will he always win? Probably not. But the progress so far is astonishing.
I would be happy if the only thing he got rid of was the trans insanity. It’s definitely in its dying throws. But we’re getting so much more.
11
posted on
03/25/2025 5:04:12 AM PDT
by
Gen.Blather
(I had a tagline and I dropped it. The cat back-pawed it under the Barcalounger. )
To: Oldeconomybuyer
Doesn’t sound so great to me
23 billion in exports should shield 23 billion of imports, not 63 billion
12
posted on
03/25/2025 5:11:32 AM PDT
by
Palio di Siena
(Kralik…..you get the wallet)
To: Oldeconomybuyer
India is open to cutting tariffs on more than half of U.S. imports worth $23 billion in the first phase of a trade deal the two nations are negotiating, two government sources said, the biggest cut in years, aimed at fending off reciprocal tariffs. It's about damn time... good for President Trump - good for India.
13
posted on
03/25/2025 5:17:50 AM PDT
by
GOPJ
(Cheaper for Soros to 'rent a small mob' for Town Halls than buy BLM thugs to burn down cities. )
To: Sacajaweau
Tariffs are not a bad thing. The India tariffs were meant to protect their domestic industry as ours would do the same. I would rather the USA be a prtectioniunis nation. I don't even want a no tariff world because US workers cannot compete with third world wages.
The USA will always need a minimum tariff to protect US worker wages. Otherwise it is a race to the bottom.
14
posted on
03/25/2025 5:18:06 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn...)
To: Gen.Blather
Globalist Free Traitor™ Economists and commentators view tariffs as a lose/lose game.
Here is the reality:
Tariffs raise revenue, decrease budget deficits, are not progressive, protect domestic industry, promote domestic industry and makes us stronger economically.
Tariffs are a WIN-WIN-WIN-WIN-WIN.
15
posted on
03/25/2025 5:22:26 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn...)
To: GOPJ
good for India? WHO CARES?
16
posted on
03/25/2025 5:22:59 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn...)
To: Sacajaweau
prtectioniunis nation = protectionist nation
Fixed it.
17
posted on
03/25/2025 5:23:49 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn...)
To: Oldeconomybuyer
What are the advantages tariffs?
AI:
Tariffs, which are duties imposed on imported or exported goods, have several advantages:
- Protecting Domestic Industries: Tariffs can shield local industries from foreign competition by making imported goods more expensive2.
- Creating Jobs: By encouraging the growth of local industries, tariffs can lead to job creation within the country.
- Generating Government Revenue: Tariffs provide an additional revenue stream for governments, especially in countries with limited domestic tax collection.
- Reducing Trade Deficits: Tariffs can help balance trade by discouraging excessive imports.
- Preventing Dumping: They protect the domestic market from being flooded with low-quality or rejected goods from other countries.
18
posted on
03/25/2025 5:26:33 AM PDT
by
central_va
(I won't be reconstructed and I do not give a damn...)
To: central_va
Good they made the right decision...
19
posted on
03/25/2025 5:26:59 AM PDT
by
GOPJ
(Cheaper for Soros to 'rent a small mob' for Town Halls than buy BLM thugs to burn down cities. )
To: central_va
I just googled prtectioniunis
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