India to impose retaliatory tariffs on 28 U.S. goods from Sunday

[puck2]

Here we read the typical propaganda of a blind, deaf, numb and facts denying friend or member of the so called GOP.

 

# 27

 

Quote

Trump is trying to right the wrongs of the (recent) past by making our trading partners treat us fairly instead of being a whipping boy for the globalists. The wall WILL be built and we will regain our sovereignty, rightfully so.

 

 

All liars are „trying to right the wrong“ …. in their mind. But incompetent narcissist Trump has already internationally earnt the title LOTUS = the Liar Of The United States.

 

Of course, ugly and ultra nationalists like to support a „subject“ – who doesn't deserve the title man – starting economical and maybe military wars against nearly all former US friends and partners only for his own or the alleged US' advantage.

Edited June 16, 2019 by puck2

[quandow]

5 hours ago, Youlike said:

Thailand can't join this game, they already have 100% or more import tax on foreign goods. 

In response, Thailand said, "Hold my Chang."

[Pedrogaz]

4 hours ago, tomacht8 said:

So far, Trump has only destroyed the (trade) relationships with many states. (China, 28 EU Member States, Japan, Canada, Mexico, Paris Climate Agreement, UN, Nuclear Agreement, G20, G7, not to speak of chaos in the Middle East and North Korea).

Are there noticeable improvements for the

US Americans now? I mean for the normal USAmericans, not the 3% superrich and the waepon sellers.

 

Spot on.....and I am a US citizen. But you missed reneging on the JCPOA treaty which is absolutely unforgivable and will lead to war, possibly I wide war.

Trump has not been good for the common man, but has been exceptionally kind with tax cuts for the wealthiest billionaires like himself.

[Blue Muton]

Making Americans Pay More Again.

[Chomper Higgot]

2 hours ago, gamb00ler said:

US exports ranked by value can be found <here>.

 

Take a look at how many of those products are manufactured at plants outside of the US by American corporations.

 

Not simply for cheaper Labour but also as alternative supplies and alternative production capacity to bust unions back home in the US.

 

 

[puck2]

3 hours ago, Benmart said:

It sounds like you are not a US citizen, perhaps I am wrong. I am  and my life has improved and I'm not the 3% of anything. Give detailed examples of this trade destruction Mr. Trump has brought about and don't exclude those initiated in the past by former Presidents.

 

1. If you consider the tax reduction for the rich(er) people, then Trump is among a lot of the wealthy who have a profit. But the people with lower income didn't have the same luck. And that's the majority in the USA. That means a few bucks only if they must pay tax at all. But the rich (and maybe Trump himself)??? loads of bucks! You seem to belong to the lucky ones. But I don't know if your „improving“ depends on the tax.

2. An answer to „detailed examples of this trade destruction“. Only one example of many:

• The import tax on cars from Germany (i.e.) into the USA is 2,5%, but for Pick-Ups it's higher (protection!). Vice versa, it's 10% import tax in Germany in general. So there is a difference of 7,5% in favor of the German car industry.
• But explain me please, why the punitive tariff should be 15% higher in relation to the EU- tax? It's obvious that Trump wants to restrict the overwhelming import of EU cars. Everybody knows its a problem of quality. The same US problem with Japanese cars.
• Vice versa again. Why don't you complain that the IT-tools are dominated by the USA? Be it Apple, MS, Goggle etc. Must be a reason of quality and innovation. But concerning this, did you ever hear or read about the tax avoidance of these IT-giants, protected by your government?

Edited June 16, 2019 by puck2

[chilli42]

5 hours ago, spidermike007 said:

Absolutely not. The quality of life is diminishing every day in the US, for the bottom 80%. The top 3% are doing exceedingly well. The top 10% too. The top 20% are doing fairly well. The rest? Getting poorer by the day. The middle class in the US is disappearing at a breakneck pace. And Trump does not get the fact that you cannot ask American industry to stop making products overseas. Even if they tried, it takes a decade to switch manufacturing locations, for some of these companies. He will not only be long gone from office (departing in 19 months), but he might be long gone from this earth, after serving a very harsh prison sentence. 

I do agree that income inequality is widening and that the middle class is being crushed ... saw a recent statistic that 39% were “poor” (not making ends meet).  All this while the rich keep getting richer.  That said, this has been a long time in the making (Clinton, Bush, Obama).  The single biggest catalyst was low interest rates and QE that enabled share buy backs and unprecedented M&A activity further strengthening monopolies ... with none of the benefits of lower interest rates flowing to the less fortunate.  In a bizarre twist, the economic conditions faced be the least prosperous voters are why Don and his merry band of mischief makers were elected ... people wanted to change the trajectory of their misfortune. The Donald and Republicans have done nothing to address the issue and one might argue the new tax code will just continued to widen the divide.  However, the blame for the existence of this problem can not be placed entirely on the existing administration.

 

As for tariffs, it’s just noise. They come, they go.  It’s a political tool that can and should be played.  It’s worked well with Canada and Mexico to secure better terms for the US.  China a tougher nut to crack but confrontation with China is unavoidable.

[bristolboy]

1 minute ago, puck2 said:

 

1. If you consider the tax reduction for the rich(er) people, then Trump is among a lot of the wealthy who have a profit. But the people with lower income didn't have the same luck. And that's the majority in the USA. That means a few bucks only if they must pay tax at all. But the rich (and maybe Trump himself)??? loads of bucks! You seem belong to the lucky ones. But I don't know if your „improving“ depends on the tax.

2. An answer to „detailed examples of this trade destruction“. Only one example of many:

• The import tax on cars from Germany (i.e.) into the USA is 2,5%, but for Pick-Ups it's higher (protection!). Vice versa, it's 10% import tax in Germany in general. So there is a difference fo 7,5% in favor of the German car industry.
• But explain me please, why the punitive tariff should be 15% higher in relation to the EU- tax? It's obvious that Trump wants to restrict the overwhelming import of EU cars. Everybody knows its a problem of quality. The same US problem with Japanese cars.
• Vice versa again. Why don't you complain that the IT-tools are dominated by the USA? Be it Apple, MS, Goggle etc. Must be a reason of quality and innovation. But concerning this, did you ever hear or read about the tax avoidance of these IT-giants, protected by your government?

Actually the automobile tariff situation is a lot more favorable to the USA. That pickup (light truck) tariff you mentioned which the US imposes on imports is 25%. And pickups are the best selling segment of the us consumer auto market now. In fact, lots of sedan lines have been phased out and replaced by pickup production.

And overall, apart from agriculture, the weighted average of EU tariffs is 2.3%, For the USA, the weighted average of tariffs is 2.0%.

In fact the US opted out of the TPP which would have been the largest free trade zone in the world. Under its new name (without the US being a member), it's the 3rd largest free trade zone in the world behind Nafta and the Euro.

[bristolboy]

1 minute ago, chilli42 said:

I do agree that income inequality is widening and that the middle class is being crushed ... saw a recent statistic that 39% were “poor” (not making ends meet).  All this while the rich keep getting richer.  That said, this has been a long time in the making (Clinton, Bush, Obama).  The single biggest catalyst was low interest rates and QE that enabled share buy backs and unprecedented M&A activity further strengthening monopolies ... with none of the benefits of lower interest rates flowing to the less fortunate.  In a bizarre twist, the economic conditions faced be the least prosperous voters are why Don and his merry band of mischief makers were elected ... people wanted to change the trajectory of their misfortune. The Donald and Republicans have done nothing to address the issue and one might argue the new tax code will just continued to widen the divide.  However, the blame for the existence of this problem can not be placed entirely on the existing administration.

 

As for tariffs, it’s just noise. They come, they go.  It’s a political tool that can and should be played.  It’s worked well with Canada and Mexico to secure better terms for the US.  China a tougher nut to crack but confrontation with China is unavoidable.

The trend of income has been happening since late in the Carter years. Nothing to do with low interest rates and QE.  And low mortgage rates do help people with lower income to purchase homes and autos and such. The destruction of labor unions and lower taxes on the rich helped accelerate income disparity.

And how do you figure that tariffs worked well with Canada and Mexico? The changes to Nafta were minor and most economists think it may result in a small increase in GDP but even that's not a sure thing. And as you may recall, Trump eliminated the tariffs on steel from Mexico and Canada and got nothing in return.

[the guest]

3 hours ago, Oxx said:

 

Why settle for 50%? Why not 100% or 200%? What exactly is it that the US produces that can't be sourced from elsewhere - and probably cheaper and better?

Coco-cola, Pepsi, Google, Amazon, KFC, Mc Donalds, 7/11, Apple, GM, Ford, GEC, Harley Davidson, Microsoft, Dunkin donuts, Hollywood, and much much more. USA isn't just the strongest economy in the world, it's also the leading country for innovation, far beyond the copy artists (most residing in Asia like Bollywood I wonder where they copied the name from?). So no they can't be sourced elsewhere. Their country is based on producing the best people, and the best products, hence why it has the best Universities in the world, ... MIT, Stanford, Yale etc... It's also has Silicon Valley totally unique, again far beyond the capabilities of any western nation (let alone Asia). It has the best military hardware, Satellite military capability, nuclear capability. Again the list goes, on and on.

 

So USA has always led the world, and the rest just follow their lead. India like many Asia countries are just sheep, exporting enhanced technologies mostly invented by the America. Their only use is that they are a cheap form of labour, in terms of anything else forget it. 

 

Trump is only doing what he promised, to protect America's interests, which previous presidents have done throughout their history. 

Edited June 16, 2019 by the guest

[Salerno]

10 minutes ago, the guest said:

Coco-cola, Pepsi, Google, Amazon, KFC, Mc Donalds, 7/11, Apple, GM, Ford, GEC, Harley Davidson, Microsoft, Dunkin donuts, Hollywood, and much much more.

Well that's it; opposing argument crushed. ????

[bristolboy]

8 minutes ago, the guest said:

Coco-cola, Pepsi, Google, Amazon, KFC, Mc Donalds, 7/11, Apple, GM, Ford, GEC, Harley Davidson, Microsoft, Dunkin donuts, Hollywood, and much much more. USA isn't just the strongest economy in the world, it's also the leading country for innovation, far beyond the copy artists (most residing in Asia like Bollywood I wonder where they copied the name from?). So no they can't be sourced elsewhere. Their country is based on producing the best people, and the best products, hence why it has the best Universities in the world, ... MIT, Stanford, Yale etc... It's also has Silicon Valley totally unique, again far beyond the capabilities of any western nation (let alone Asia). It has the best military hardware, Satellite military capability, nuclear capability. Again the list goes, on and on.

 

So USA has always led the world, and the rest just follow their lead. India like many Asia countries are just sheep, exporting enhanced technologies mostly invented by the America. Their only use is that they are a cheap form of labour, in terms of anything else forget it. 

 

Trump is only doing what he promised, to protect America's interests, which previous presidents have done throughout their history. 

Some of your examples are just ridiculous. Coca Cola Pepsi, KFC, McDonalds, and Dunkin Donuts are difficult to replace or do without? And because Bollywood is named after Hollywood it's somehow derivative? 

And, no, silicon valley isn't totally unique. There's lots if IT innovation coming from Europe, India, and China. In fact, one weapon that Huawei,for example, holds is its huge number of patents.

You're living in the past. You should read about how difficult it was for Apple to manufacture a Macbook in Texas.

That said, the USA is a huge force in modern technology, those silly and ignorance based rhetorical questions notwithstanding. Advanced technology is now truly a global phenomenon, and no country holds a monopoly or near monopoly on it.

[RJRS1301]

6 hours ago, DoctorG said:

Why don't you just call them deplorables, because it worked so well for you last time?

Deplorables

 

[meand]

6 hours ago, spidermike007 said:

Absolutely not. The quality of life is diminishing every day in the US, for the bottom 80%. The top 3% are doing exceedingly well. The top 10% too. The top 20% are doing fairly well. The rest? Getting poorer by the day. The middle class in the US is disappearing at a breakneck pace. And Trump does not get the fact that you cannot ask American industry to stop making products overseas. Even if they tried, it takes a decade to switch manufacturing locations, for some of these companies. He will not only be long gone from office (departing in 19 months), but he might be long gone from this earth, after serving a very harsh prison sentence. 

But, that is what you need to do. That is the way it us all set up. 

 

Now, those top %'s use their money, power and influence and make sure the population believes whatever they want them to believe. 

 

Capitalism is only a great system if the voters are informed. And, they aren't unfortunately. Capitalism as it stands in America is just a free for all for the wealthy. 

 

When the American people wake up, good leaders will be elected. But no sooner. 

[bristolboy]

4 hours ago, Longcut said:

Who cares. They are only hurting themselves.

The USA is the second largest import partner of India after China. India is highly dependent on USA products for their industry’s requirements. India goods imports from the United States stood at USD 19.14 billion during 2017. 

Really? Who says they're targeting us capital good?  They are targeting various u.s. agricultural interests. Coincidentally enough, these interests tend to support Republicans.

Edited June 16, 2019 by bristolboy

[AdamKnight]

9 hours ago, Tug said:

Atta boy Donald skrew somemore farmers 

Allowing India to run over American small businesses is good? Let's just lower the standard of living in the US to that of India and do nothing about it?  Standing up to unfairness may mean "skrewing" farmers in your view but not mine.  American farmers as a group are among Trump's strongest supporters. by the way. Who do you suppose those of us who own farmland are for as opposed to Trump?

[bristolboy]

1 minute ago, AdamKnight said:

.  American farmers as a group are among Trump's strongest supporters. by the way. Who do you suppose those of us who own farmland are for as opposed to Trump?

I don't think it's "by the way" to Indians. Quite the contrary.

[Oxx]

2 hours ago, the guest said:

Coco-cola, Pepsi, Google, Amazon, KFC, Mc Donalds, 7/11, Apple, GM, Ford, GEC, Harley Davidson, Microsoft, Dunkin donuts, Hollywood, and much much more.

 

There are other soft drink manufacturers, search engines/advertising agencies, book stores, purveyors of junk food, corner stores, mobile 'phone and car manufacturers, appliance manufacturers, software manufacturers, doughnut purveyors and film makers - many of which do better and at lower cost.

 

The only one for which I can't think of a non-American alternative is Harley Davidson, but surely there's a company out there producing ugly, uncomfortable, overweight motorcycles outside the U.S. of A.

 

Incidentally, 7-eleven is Japanese owned.

Edited June 16, 2019 by Oxx

[Longcut]

56 minutes ago, AdamKnight said:

Allowing India to run over American small businesses is good? Let's just lower the standard of living in the US to that of India and do nothing about it?  Standing up to unfairness may mean "skrewing" farmers in your view but not mine.  American farmers as a group are among Trump's strongest supporters. by the way. Who do you suppose those of us who own farmland are for as opposed to Trump?

Wow. We're talking about almonds. Get a life. 

[watcharacters]

8 hours ago, DoctorG said:

Why don't you just call them deplorables, because it worked so well for you last time?

 

Good idea.

 

[IAMHERE]

Apples and Almonds combined are less than a billion in trade out of $142 billion, not that much if my math is correct.

[bristolboy]

6 minutes ago, IAMHERE said:

Apples and Almonds combined are less than a billion in trade out of $142 billion, not that much if my math is correct.

Well, according to this page, almond exports amounted to 4.4 billion in 2018

http://www.worldstopexports.com/top-almonds-exporters-by-country/

Apple exports came to 1 billion.

http://www.worldstopexports.com/top-almonds-exporters-by-country/

 

[Morch]

5 hours ago, Chomper Higgot said:

Take a look at how many of those products are manufactured at plants outside of the US by American corporations.

 

Not simply for cheaper Labour but also as alternative supplies and alternative production capacity to bust unions back home in the US.

 

 

 

So they are produced outside the USA, in the very same countries posters advocate stop dealing with the USA. Wonder how something like that will effect all them people working on them plants.

[Morch]

7 hours ago, Oxx said:

 

Nothing to do with the value.  The question is whether there are alternatives to US products, and the answer, pretty much universally, is that there are.

 

Even if it was fully correct, it would still be a simplistic proposition. Trade isn't just about sourcing from other suppliers. Trade relations are in bed with political relations and interests. The USA (at least until Trump) was pretty much a constant. Not necessarily benevolent or exceptionally fair, but better than the realistic alternatives.

[Morch]

7 hours ago, zydeco said:

Too bad nearly all the rest of the world has higher tariffs than the US. Who are you going to sell to? Germany, Japan, Italy, France, UK, Belgium, Netherlands, Hungary, Russia, India, China? All have higher (many have much, much higher) tariffs than the US. No, you just have a mindless hatred for the US.

 

List of countries by tariff rate

https://en.wikipedia.org/wiki/List_of_countries_by_tariff_rate

 

 

161

United States

1.66 %

2017

 

74

India

6.35 %

2016

Edited June 16, 2019 by Morch

[Morch]

9 hours ago, Kiwiken said:

If All the Worlds nations imposed 50% tariffs on US goods and traded amongst Ourselves Duty and subsidy free how much our economies would flourish. Let the Wilting Superseller crumble on its own.

 

Another one of them "if"'s. The World's nations can't agree on much lesser issues, and doubt that most of them feel the need to fulfill such fantasies, or that this is in their best interests. Because, of course, we all know that other than the USA all the rest play fair and square.

[gamb00ler]

4 hours ago, AdamKnight said:

Who do you suppose those of us who own farmland are for as opposed to Trump?

Does anyone have a translation for this?  This is why authors have editors and proof readers.

[bristolboy]

9 minutes ago, gamb00ler said:

Does anyone have a translation for this?  This is why authors have editors and proof readers.

I have to say, I was puzzled, too. I have a feeling that I should be disagreeing with him but about what exactly, I'm not sure.

[Salerno]

1 hour ago, gamb00ler said:

Does anyone have a translation for this?  This is why authors have editors and proof readers.

Quite simple:

 

"Whoy do you suppose those of us who own farmland are for, as opposed to, Trump?"

[gamb00ler]

1 hour ago, bristolboy said:

Just look at the brilliant results of his renegotiation of NAFTA. 

A tempest in a teapot.  The ill will and mistrust generated will do much more harm than the benefit to US milk producers.  What a joke!