The Trump Administration: News & Analysis

Ashwin said:
View attachment 42084
Click to expand...
An American journalist remarks that the so-called ‘customs duties’ attributed to other countries have no basis in fact, but are simply a proportion of the US deficit with those countries. Trump's deputy press secretary replies that this is not true, presenting a formula that seems complex... but only confirms that this is indeed the calculation.
 
  • Like
Reactions: Picdelamirand-oil
Le Monde has just done an article on the subject, and the calculations are all wrong. They divide trade deficits by export volumes! And in the concrete examples they include taxes such as vat, which apply to all goods. In short, complete nonsense!
 
Picdelamirand-oil said:
Le Monde has just done an article on the subject, and the calculations are all wrong. They divide trade deficits by export volumes! And in the concrete examples they include taxes such as vat, which apply to all goods. In short, complete nonsense!
Click to expand...
You can ask ChatGPT how to reduce America's Trade Deficit yesterday and it would give same methodology Orange Man used.

This is madness.
 
The malice is much deeper and has a racial angle....... These tarrifs will hit India hard. Dollar has become a weapon. Trade in Non Dollar currency will only going to increase in future. New World multipolar world order is here.
 
Picdelamirand-oil said:
Le Monde has just done an article on the subject, and the calculations are all wrong. They divide trade deficits by export volumes! And in the concrete examples they include taxes such as vat, which apply to all goods. In short, complete nonsense!
Click to expand...

The tariffs are meant to bring countries to the table where the US holds the advantage, unlike before when trade continued as is and countries could use delaying tactics.
 
South block said:
The malice is much deeper and has a racial angle....... These tarrifs will hit India hard. Dollar has become a weapon. Trade in Non Dollar currency will only going to increase in future. New World multipolar world order is here.
Click to expand...

The tariffs do not impact India as much. There are no tariffs on some goods exports like pharma, energy, semiconductors, and some metals like copper and bullion. And services seems to have been kept out of the trade war for now.

The higher tariffs on China and Vietnam benefits India which is facing far lower tariffs in comparison.

Less spending money in the US can impact remmittances and service industry contracts though.

Anyway, the direct impact on India is just 0.5% of yearly GDP growth. But negotiations can reverse it via massive American investments that can counter higher prices from other competing countries, liek Tesla's entry into India.
 
You must log in or register to reply here.
Top Bottom