India has long had a field day putting Tariffs on American products. No longer acceptable!— Donald J. Trump (@realDonaldTrump) July 9, 2019
Zero Hedge: Trump Hints At New Trade War With India
Rarely a week goes by without President Trump trying to open a new front in the trade war (Europe, Japan, South Korea and Mexico have all been threatened with new levies), and this sleepy post-holiday week is no exception.
In a tweet, President Trump hinted at the possibility of new tariffs on Indian imports, saying that the US would no longer stand for India's overly aggressive tariff regime.
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WNU Editor: In 2018 the U.S. goods and services trade deficit with India was $24.2 billion, so yes, the U.S. does have leverage.
1 comment:
H1B visas need to be addressed. They numbers coming in are huge and have caused serious demographic and economic impacts on communities. In particular the US has allowed spouses to work, usually in IT, so this drives up housing prices when all of a sudden a few thousand Indians show up. Then the anchor babies come and that causes in a few years a shock to the school system. It's a cascading effect. I got to say they have been excellent neighbors, but they disrupt communities due to the large influx.
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