AssassinsMace
Lieutenant General
Chinese stock market growing these past two days despite US tariff news...
Miscellaneous News
- Thread starter bd popeye
- Start date
"India ends transshipment facility for Bangladesh exports, cites congestion
Facility withdrawn as logistical delays, higher costs were hindering Indian exports and creating backlogs, says MEA; move comes after Bangladesh outreach to China, comments on trade ties with northeast[...]"
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"EU India Trade Deal: In a major development in global trade talks, the European Union is pressing India to eliminate its 100% import duty on cars under a long-pending free trade agreement. Sources tell Reuters that Prime Minister Modi’s government is open to reducing this tariff in phases—possibly down to 10%. But this could have major implications for Indian automakers like Tata and Mahindra. The pressure comes just weeks after similar demands from the U.S., including on electric vehicles, raising stakes for India’s protected auto industry. "
Facility withdrawn as logistical delays, higher costs were hindering Indian exports and creating backlogs, says MEA; move comes after Bangladesh outreach to China, comments on trade ties with northeast[...]"
....
"EU India Trade Deal: In a major development in global trade talks, the European Union is pressing India to eliminate its 100% import duty on cars under a long-pending free trade agreement. Sources tell Reuters that Prime Minister Modi’s government is open to reducing this tariff in phases—possibly down to 10%. But this could have major implications for Indian automakers like Tata and Mahindra. The pressure comes just weeks after similar demands from the U.S., including on electric vehicles, raising stakes for India’s protected auto industry. "
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Yeah, its early, negotiation hasnt started yet and US already folded because "people were queasy looking at bonds"
So whats the negotiatng position? Give us what we want or I'll do the thing I can't handle?
Taxing its own citizens is the Hegemon’s prerogative. Since the tax is across the board, why should other countries care?
Then he shouldn’t call it a win then.
Then go compare DC with shanghai.
Turns out that sometimes the fascists make a right move by accident.
The tariffs clearly have brought them to the table, which was the intention. Trump’s whole thing is getting other leaders into bilateral negotiations on trade with the threat of tariffs. If the tariffs are truly toothless because it’s just a tax on US consumers, why didn’t other countries just ignore them?
IMO we are leaning too much in the direction of tariffs just being self-sabotage. Yes, they hurt both sides, but many of the exporting nations that rely on US consumers can’t just pass tariffs onto US consumers without losing volume, as US consumers have finite budget & will just stop buying. So they’ll end up having to accept lower margins to keep business flowing, even if the US doesn’t have a replacement.
The US’s “partners” are incentivized to keep the US consuming because their whole business model is built around it and they have no alternative markets by which to extract profits.
I mean there was that news about China, Korea and Japan coordinating response to trade war.... but I'm sure it's nothing.