Posted on 08/13/2025 9:30:23 PM PDT by cold start
Some of the stuff I was once trying to sell in India faced duties of plus 200%. I genuinely like India and Indians, but no sympathy here. Nothing personal. Just business.
India called Trump’s bluff...
India is the fastest growing economy in the world, and it’s oil consumption increased 5% last year.
World’s sewer.
I’m guessing scam call centers in India don’t pay tariffs...
“I’m guessing scam call centers in India don’t pay tariffs”
Shutting down those call centers would do great economic harm to India.
Ok, let’s end the h1-b scam program and boot all those currently on it.
H1-B scam is entirely creation by powerful American corporations who control the politicians with huge campaign donations. You won’t be able to get rid of the scam because you do not contribute enough to the politicians. Read my tag line.
Writing an article on global tariffs where it begins with “I think” invalidates the entire article. But then again, it is Armstrong.
They can just pay it, that’s all we ask. Bottom line is they pay it.
What India will do is to work with Russians to see that the Russian oil goes to countries that export little to the USA or need not export to the USA at all.
These countries might be Iran, Iraq, Egypt, Burma, Nepal, Morocco, Bolivia, Syria, etc.
Iran and Iraq can refine the Russian oil and use the refined products domestically and step up their exports.
“let’s end the h1-b scam program and boot all those currently on it.”
Software can be developed anywhere. The former H-1B workers will simply live, work for a subsidiary of their old employer, and pay income tax in their native lands.
My neighbor Nick manages software development teams around the world. His first phone call is around 7am and his last phone call is around 11pm.
What bluff would that be?
India ceased purchasing Russian oil.
The industrial differences and related tariffs will take some time to be sorted out.
The tariff Billy club as they do not seem worried about it.
Time that Trump does not have. I heard Trump say a few days ago he needs another term as it is iffy if the GOP winds in 2028 so whomever wins in 2028 these tariffs will go out the window especially if the Demonrats win.
Only the customer pays. Not the exporting country. If such exports still have takers at that tariff level.
Not so far.It would be noticeable if India stopped buying Russian oil. Considering the amount India buys, oil prices would immediately increase 10-20%.
The facts remain though. Global trade is a low percentage of India's economy and trade with US constitutes less that 2% of India's GDP. Other economists have said that the effect might be around 40-60 basis points, not insignificant but not catastrophic. The Indian stock market has not reacted to the tariffs at all, mostly ignoring it.
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