Trump Just Made This Nation Drop its Tariffs to Zero (1 Viewer)

[InWalkedBud]

Link: Trump Just Made This Nation Drop its Tariffs to Zero

President Donald Trump on Tuesday announced that India has agreed to remove all its tariffs on US goods entering the country.

The president made the announcement during a joint press conference with Canadian Prime Minister Mark Carney. While addressing reporters, Trump noted that India has “the highest tariffs in the world” and that its government “agreed already to drop it.”...

Meanwhile, I can't help but wonder if China isn't pulling some strings to make India appear a less than ideal place to do business, in the wake of Apple & other tech companies announcing they're pulling out of China & taking their marbles to India.

The conspiracy theorist in me is willing to consider the possibility it's no coincidence that India & its fellow 3rd-world nuclear power suddenly lobbing missiles at each other.

 

[BirdinHand]

So much winning

I’m sure a country where the average person earns less than $5K USD annually is REALLY going to start to import a whole bunch of American stuff.

 

[Grand Mal]

Link: Trump Just Made This Nation Drop its Tariffs to Zero

President Donald Trump on Tuesday announced that India has agreed to remove all its tariffs on US goods entering the country.

The president made the announcement during a joint press conference with Canadian Prime Minister Mark Carney. While addressing reporters, Trump noted that India has “the highest tariffs in the world” and that its government “agreed already to drop it.”...

Meanwhile, I can't help but wonder if China isn't pulling some strings to make India appear a less than ideal place to do business, in the wake of Apple & other tech companies announcing they're pulling out of China & taking their marbles to India.

The conspiracy theorist in me is willing to consider the possibility it's no coincidence that India & its fellow 3rd-world nuclear power suddenly lobbing missiles at each other.

Trump made them do it. By announcing last month a "90-day pause" on US tariffs on India.

 

[verrip1]

China will most definitely take actions to shore up any strategic partnerships it can find. A powerful economic power in India tied to the US would not help China in achieving that goal.

 

[ElChupacabra]

So much winning

I’m sure a country where the average person earns less than $5K USD annually is REALLY going to start to import a whole bunch of American stuff.

The important context here is India is doing this on certain imports and there will be a quota, so we'll need to get the details on what those quotas are and whether this is actually a gain or just performative. It is interesting Trump is celebrating this while at the same time complaining about the same type of quantity quota Canada has with US dairy imports.

 

[BirdinHand]

China will most definitely take actions to shore up any strategic partnerships it can find. A powerful economic power in India tied to the US would not help China in achieving that goal.

China has been outsourcing low level manufacturing, sweatshop type, to India because their people - in China - are now rising above those low level wages and positions and they’re moving away from that manufacturing.

And now Trump basically green flagged and encouraged that by dropping tariff rates there

 

[dmpi]

So much winning

I’m sure a country where the average person earns less than $5K USD annually is REALLY going to start to import a whole bunch of American stuff.

They got 1.4 billion people so the average isn't impressive but there's a lot of tech/engineering rich Indians and they can still number in the tens of millions.

 

[Mr Person]

Except his stated goal was to force companies to build factories in America so a bunch of overqualified people can take minimum wage jobs screwing tiny screws into iphones, and his method of doing that was treating allies like enemies.

If the goal was simply to have other countries reduce tariffs, you negotiate a trade agreement. Such as....

North American Free Trade Agreement - Wikipedia

en.wikipedia.org

Trans-Pacific Partnership - Wikipedia

en.wikipedia.org

Except all that there really isn't any strategy here. He declared economic war on anyone in the hope of getting a random mish-mash of crumbs until he feels he has enough to declare victory. But it's not going to be some permanent systemic change. Instead, thanks to his method of going about it, there is generational damage to America's standing in the world (and not just from tariffs).

 

[Integrityrespec]

The important context here is India is doing this on certain imports and there will be a quota, so we'll need to get the details on what those quotas are and whether this is actually a gain or just performative. It is interesting Trump is celebrating this while at the same time complaining about the same type of quantity quota Canada has with US dairy imports.

Not of these tariffs are exactly the same, all have their own amount and listed imports.
I've a great idea.
Democrats start trying to fix your pathetic party, and sit back and wait until we see how all the changes shake out. Then if they fail, you actually have something to bitch about and if they succeed and you don't predict doom and gloom on the front end you don't look so dumb.

 

[Airyaman]

Link: Trump Just Made This Nation Drop its Tariffs to Zero

President Donald Trump on Tuesday announced that India has agreed to remove all its tariffs on US goods entering the country.

The president made the announcement during a joint press conference with Canadian Prime Minister Mark Carney. While addressing reporters, Trump noted that India has “the highest tariffs in the world” and that its government “agreed already to drop it.”...

Meanwhile, I can't help but wonder if China isn't pulling some strings to make India appear a less than ideal place to do business, in the wake of Apple & other tech companies announcing they're pulling out of China & taking their marbles to India.

The conspiracy theorist in me is willing to consider the possibility it's no coincidence that India & its fellow 3rd-world nuclear power suddenly lobbing missiles at each other.

India does not, even prior to Trump's trade war, have the highest tariffs in the world. So just another lie from Trump.

Currently, the highest tariffs in the world are in the United States.

 

[Grand Mal]

The important context here is India is doing this on certain imports and there will be a quota, so we'll need to get the details on what those quotas are and whether this is actually a gain or just performative. It is interesting Trump is celebrating this while at the same time complaining about the same type of quantity quota Canada has with US dairy imports.

Trump negotiated the trade in dairy between Canada and USA.
Maybe more American dairy would be acceptable to Canada if American dairy farms didn't feed a growth hormone to their cattle that is banned in Canada and Europe.

 

[BirdinHand]

They got 1.4 billion people so the average isn't impressive but there's a lot of tech/engineering rich Indians and they can still number in the tens of millions.

Yeah, they’re going to import themselves a Ford F150 now

 

[Mr Person]

The important context here is India is doing this on certain imports and there will be a quota, so we'll need to get the details on what those quotas are and whether this is actually a gain or just performative. It is interesting Trump is celebrating this while at the same time complaining about the same type of quantity quota Canada has with US dairy imports.

He doesn't have a clue what he's doing. It's all just a show. He'll get some crumbs, declare victory before we're in a depression, Fox et. al. will sell it to the base as the most glorious feat of strength ever, etc.

Of course... the rest of the world will not be able to trust America seeing as the stupid chaos MAGAs can inflict on the world.

 

[anatta]

India has proposed zero tariffs on steel, auto components and pharmaceuticals on a reciprocal basis up to a certain quantity of imports in its trade negotiations with the US, people familiar with the matter said.


Washington has also asked India to resolve its concerns around Quality Control Orders, which it considers a non-tariff trade barrier for its exports, the people said. The mandatory quality standards, which lay down benchmarks that both local and foreign manufacturers must meet before selling their goods in India, have been criticized for being non-transparent and unfair.

India is willing to reconsider its existing QCOs in sectors such as medical devices and chemicals, and has offered to sign a mutual recognition agreement with the US under which both nations will accept each other’s regulatory standards and practices.

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst

 

[ElChupacabra]

Not of these tariffs are exactly the same, all have their own amount and listed imports.

Of course, but what's important as well is assessing the value of these deals economically and whether they're a net gain and not just "signing a deal".

I've a great idea.
Democrats start trying to fix your pathetic party, and sit back and wait until we see how all the changes shake out. Then if they fail, you actually have something to bitch about and if they succeed and you don't predict doom and gloom on the front end you don't look so dumb.

It's actually not a great idea, since critiquing what an administration is part of what happens among political opponents and those who follow politics. I imagine you weren't holding criticism of Democrats during the former administration, correct?

 

[MTAtech]

China has been outsourcing low level manufacturing, sweatshop type, to India because their people - in China - are now rising above those low level wages and positions and they’re moving away from that manufacturing.

And now Trump basically green flagged and encouraged that by dropping tariff rates there

Nothing wrong with that.

From Krugman’s substack:

The New York Times recently had a very good article on Bangladesh, which 50 years ago was the poster child for warnings about mass famine driven by overpopulation. Instead, the South Asian nation became, not a banana republic, but a pajama republic, one of the world’s leading clothing exporters. It’s still a poor country, with wages and working conditions that are appalling by advanced-country standards. But as the chart at the top of this post shows, Bangladesh is about four times as rich as it was in the 1980s, when its exports began rising.

But now the country faces the possibility of economic catastrophe, made in America. Trump’s “Liberation Day” trade plan would have imposed a 37 percent tariff on imports from Bangladesh. That plan is temporarily on hold, but it seems all too possible that it or something as bad or worse will come back.

OK, I know that most Americans don’t care about Bangladeshi living standards. They should, even on selfish grounds: condemning 170 million people to deeper poverty would be a threat to global stability. But here’s the thing: Throwing up barriers to Bangladeshi exports doesn’t involve a tradeoff, helping American workers at others’ expense. It’s pure loss, hurting both nations.

Why? Because making imported clothing more expensive here won’t create U.S. jobs. Apparel production, still largely carried out by people hunched over sewing machines, is just too labor-intensive to be economically feasible in the United States, no matter how high the tariffs.

 

[Emlee]

So much winning

I’m sure a country where the average person earns less than $5K USD annually is REALLY going to start to import a whole bunch of American stuff.

And apparently not quite true. They didn’t agree to just drop all of their tariffs to nothing.

——————-

From Grok

Sources familiar with ongoing U.S.-India trade negotiations have indicated that India proposed a more limited "zero-for-zero" tariff arrangement on specific goods, such as steel, auto parts, and pharmaceuticals, with caps on import volumes and based on mutual reciprocity.

If imports exceed agreed thresholds, standard duties would be reinstated. These discussions are part of efforts to secure a bilateral trade agreement, but no comprehensive deal eliminating all tariffs has been finalized or publicly verified by Indian authorities

 

[Hatuey]

Townhall is now a mainstream news source, and not Benny Shabibo's clickbait website.

Where are the journos? Oh Debate Politics, how far you have fallen.

 

[Peacenik]

Townhall.com is a far right biased disinformation generator.

It is full of clickbait links to right wing brainwashing.

This is not a credible news source.

A quick general internet search [ search words [ India Lifts Tarrifs ] reveals no other stories about this supposed 'breakthrough.'

The title of the townhall article reads like Trump cheerleading.

I'll believe this when I see it on major credible news sources.

 

[Ikari]

We manufacture a lot in India, so it's good if we drop tariffs on them. But they're gonna have some larger issues now that India and Pakistan has kicked it up.

 

[Emlee]

India just agreed a massive trade deal – but it’s not with the US​

India and Britain struck a “landmark” trade deal Tuesday, the UK government said, marking progress on lowering and removing tariffs just as President Donald Trump is busy raising US import taxes to historic levels.

For weeks, Trump has said that at least one trade deal is imminent with one of the dozens of countries in active negotiations with the United States to avoid his punishing tariffs – with India among the most likely to reach such an agreement first.

The prospect of an agreement with any one major trading partner has boosted confidence in US financial markets and raised hopes that the world may avoid the worst impacts of America’s tariffs. But so far, no deal has emerged.

Instead, it’s the United Kingdom that has secured a trade deal with India.

The two nations’ agreement is “the biggest and most economically significant bilateral trade deal the UK has done since leaving the EU,” the UK Department for Business and Trade said in a press release.

As a result of the agreement, it noted, bilateral trade is expected to swell by £25.5 billion ($34.1 billion) per year in the long run. That would be a 60% increase from the 2024 level, based on UK government data.

India has agreed to reduce tariffs on a range of UK products, including whisky, medical devices, advanced machinery and lamb. And most of these levies will be removed altogether within a decade, according to the release.

In turn, the United Kingdom will lower tariffs on Indian goods, the business and trade department suggested, without providing details.

https://www.cnn.com/2025/05/06/business/india-uk-trade-deal-tariffs-intl

 

[Hatuey]

We manufacture a lot in India, so it's good if we drop tariffs on them. But they're gonna have some larger issues now that India and Pakistan has kicked it up.

Also, India doesn't really buy shit from the US.

They have a population 340x the size of Canada's, and they buy about half of what Canada buys.

This is meaningless MAGA chicken feed. Who genuinely thinks these people will be buying 1200$ iphones and $50K f150s?

 

[ScrambledEggs]

So we aren't bringing back jobs from India & eliminating the income tax too?

 

[SNOWFLAKE]

For those salivating over this news - that is 1 out of 200 promised countries. Even so, if SOME accomplishment then it is SOME accomplishment. Those suffering TDS don't need to mock this deal but also.................... those who think this will become a trend, don't count your chickens before they hatch. Still plenty of pain on the horizon and when the pain does it, I bet it will all be Joe Biden's fault.

 

[snakestretcher]

Link: Trump Just Made This Nation Drop its Tariffs to Zero

President Donald Trump on Tuesday announced that India has agreed to remove all its tariffs on US goods entering the country.

The president made the announcement during a joint press conference with Canadian Prime Minister Mark Carney. While addressing reporters, Trump noted that India has “the highest tariffs in the world” and that its government “agreed already to drop it.”...

Meanwhile, I can't help but wonder if China isn't pulling some strings to make India appear a less than ideal place to do business, in the wake of Apple & other tech companies announcing they're pulling out of China & taking their marbles to India.

The conspiracy theorist in me is willing to consider the possibility it's no coincidence that India & its fellow 3rd-world nuclear power suddenly lobbing missiles at each other.

That "third world" power has become the place to do business with-especially in the world of hi-tech. India is the world's 4th largest and fastest growing (over 8% during 2023-2024), economy.

UK and India agree ‘landmark’ trade deal after three years of negotiations

Deal could help UK industries hit by Trump tariffs, as ministers say it will add £4.8bn a year to economy by 2040

www.theguardian.com

Starmer secures Britain’s biggest post-Brexit trade deal with India

Deal on whisky, gin, cars and cosmetics set to boost economy and cut prices for shoppers – but Indian temporary workers and their employers in the UK get three-year exemption from national insurance contributions

www.independent.co.uk

How India is emerging as the world’s technology and services hub

Discover how India can become a technology hub in the world. Learn more about it in the latest report India@100.

www.ey.com