Trump says India tariffs on American products are ‘no longer acceptable’

[CrazyZ]

Trump says India tariffs on American products are ‘no longer acceptable’
PUBLISHED TUE, JUL 9 2019 8:53 AM EDTUPDATED TUE, JUL 9 2019 11:19 AM EDT

Fred Imbert@FOIMBERT


KEY POINTS

• In a tweet, Trump says: “India has long had a field day putting Tariffs on American products. No longer acceptable!”
• The Trump administration has already stripped India of a preferential status that exempted billions of dollars worth of products made there from U.S. levies.

India’s Prime Minister Narendra Modi (R) and US President Donald Trump during a meeting in the sidelines of the G20 Leaders’ Summit in Buenos Aires, on November 30, 2018.
Saul Loeb | AFP | Getty Images
President Donald Trump said Tuesday the U.S. needs to stand up to India on the trade front.

In a tweet, Trump said: “India has long had a field day putting Tariffs on American products. No longer acceptable!”






Donald J. Trump

✔@realDonaldTrump
https://twitter.com/realDonaldTrump/status/1148573632869875712

India has long had a field day putting Tariffs on American products. No longer acceptable!


89.4K
5:44 PM - Jul 9, 2019
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31.2K people are talking about this





The iShares MSCI India ETF (INDA) ETF fell more than 1% in the premarket after the tweet was sent. It later recovered to trade along the flatline, however.

Earlier this year, the Trump administration stripped India of a preferential status that exempted billions of dollars worth of products made there from U.S. levies. “I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets,” Trump said in a proclamation.

India has tariffs on U.S. products such as Harley-Davidson motorcycles and U.S.-grown apples, among others. In June, Trump said India’s 50% levy on Harley-Davidson bikes was “unacceptable.”

The latest escalation comes as the U.S. tries to broker a trade deal with China. U.S. officials are expected to meet with Chinese trade negotiators this week.


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Late last month, Trump and Chinese President Xi Jinping agreed to hold off on slapping additional tariffs on U.S. and Chinese products. China and the U.S. hiked tariffs on billions of dollars worth of each other’s products in May, sparking fears of a prolonged trade war between the world’s largest economies.

The Indian Embassy in Washington, D.C., did not immediately respond to CNBC’s request for query.

—CNBC’s Amanda Macias contributed to this report.

https://www.cnbc.com/2019/07/09/tru...erican-products-are-no-longer-acceptable.html

 

[HAIDER]

https://www.cnbc.com/2019/07/09/tru...erican-products-are-no-longer-acceptable.html

Indian fake promise of providing US companies access to there market. Well, trade is two way road not one way street.

 

[Maarkhoor]

https://www.cnbc.com/2019/07/09/tru...erican-products-are-no-longer-acceptable.html

• In a tweet, Trump says: “India has long had a field day putting Tariffs on American products. No longer acceptable!”
• The iShares MSCI India ETF (INDA) ETF falls more than 1% in the premarket after the tweet is sent.
• The Trump administration has already stripped India of a preferential status that exempted billions of dollars worth of products made there from U.S. levies.

https://twitter.com/x/status/1148573632869875712

The iShares MSCI India ETF (INDA) ETF fell more than 1% in the premarket after the tweet was sent. It later recovered to trade along the flatline, however.

Earlier this year, the Trump administration stripped India of a preferential status that exempted billions of dollars worth of products made there from U.S. levies. “I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets,” Trump said in a proclamation.

India has tariffs on U.S. products such as Harley-Davidson motorcycles and U.S.-grown apples, among others. In June, Trump said India’s 50% levy on Harley-Davidson bikes was “unacceptable.”

The latest escalation comes as the U.S. tries to broker a trade deal with China. U.S. officials are expected to meet with Chinese trade negotiators this week.
Late last month, Trump and Chinese President Xi Jinping agreed to hold off on slapping additional tariffs on U.S. and Chinese products. China and the U.S. hiked tariffs on billions of dollars worth of each other’s products in May, sparking fears of a prolonged trade war between the world’s largest economies.

 

[maximuswarrior]

Facts are facts. India has been manipulating the anti-China craze and indeed having a field day at the expense of US tax payers. Trump isn't crazy.

 

[Lincoln]

• In a tweet, Trump says: “India has long had a field day putting Tariffs on American products. No longer acceptable!”
• The iShares MSCI India ETF (INDA) ETF falls more than 1% in the premarket after the tweet is sent.
• The Trump administration has already stripped India of a preferential status that exempted billions of dollars worth of products made there from U.S. levies.

https://twitter.com/x/status/1148573632869875712

The iShares MSCI India ETF (INDA) ETF fell more than 1% in the premarket after the tweet was sent. It later recovered to trade along the flatline, however.

Earlier this year, the Trump administration stripped India of a preferential status that exempted billions of dollars worth of products made there from U.S. levies. “I have determined that India has not assured the United States that India will provide equitable and reasonable access to its markets,” Trump said in a proclamation.

India has tariffs on U.S. products such as Harley-Davidson motorcycles and U.S.-grown apples, among others. In June, Trump said India’s 50% levy on Harley-Davidson bikes was “unacceptable.”

The latest escalation comes as the U.S. tries to broker a trade deal with China. U.S. officials are expected to meet with Chinese trade negotiators this week.
Late last month, Trump and Chinese President Xi Jinping agreed to hold off on slapping additional tariffs on U.S. and Chinese products. China and the U.S. hiked tariffs on billions of dollars worth of each other’s products in May, sparking fears of a prolonged trade war between the world’s largest economies.

Now Indians are going to flood that tweet, hijack it and go on a favoriting and disliking spree.

It is good though that Trump realizes India is not willing to be mutual, and isn't reliable either.

Pakistan needs this.

 

[Armchair]

Another thing Trump should look into is how Indian IT companies are basically fraudulent establishments. Hundreds of Indian IT companies build fake CVs and lie and cheat their way to put Americans out of jobs and to put unqualified Indians with FAKE "job experience" all over the US. One example of such a company - Sysmind LLC. And there are hundreds of them, if not thousands.

They actually teach fresh grads how to lie about every detail and help them build fraudulent "experiences".

 

[Longhorn]

Now Indians are going to flood that tweet, hijack it and go on a favoriting and disliking spree.

It is good though that Trump realizes India is not willing to be mutual, and isn't reliable either.

Pakistan needs this.

One thing you can say about Trump, he has no friends or enemies, only interests. It's a trait that is growing on me and I'm beginning to respect despite not really liking him as an individual.

 

[Abu Shaleh Rumi]

Trump for 2020. Make America great again...

 

[Chhatrapati]

Now Indians are going to flood that tweet, hijack it and go on a favoriting and disliking spree.

It is good though that Trump realizes India is not willing to be mutual, and isn't reliable either.

Pakistan needs this.

haha Trump targets anyone who have trade deficit with them be it Japan, Australia, EU, India.
Pakistan definitely need it.

 

[Lincoln]

haha Trump targets anyone who have trade deficit with them be it Japan, Australia, EU, India.
Pakistan definitely need it.

No shit, sherlock? We know. Reason I say Pakistan need it because if Indian trade is targeted, then it opens up market more for Pakistani products.

 

[Chhatrapati]

No shit, sherlock? We know. Reason I say Pakistan need it because if Indian trade is targeted, then it opens up market more for Pakistani products.

Yeah right. You don't even produce what we export "sherlock".

And US have a trade deficit with Pakistan too. It's just Trump being dumb, it'll pass.

 

[PAKISTANFOREVER]

Yeah right. You don't even produce what we export "sherlock".

And US have a trade deficit with Pakistan too. It's just Trump being dumb, it'll pass.

Sure we don't. Just like how you indians also claimed to have killed over 300 terrorists in Balakot and shot down an F-16.......

 

[Microsoft]

@nahtanbob Good for US dont you think?

 

[mastaan]

I like giddy folks on this forum at times, that earth has shattered because someone said something about somebody... We are in the middle of trade wars, this is gonna happen.. more will happen.. Then there will be a deal to buy stuff and deficit will balance.. but yeah, some here can stay giddy

 

[CrazyZ]

There is definitely tensions in USA-India romance. Its more than trade. The USA wants India to do more. S400 deal is not viewed positivly in Washington. The USA has finally realized that the anti-Pakistan, Pro-india stance in Afghanistan advocated by American think tanks, the northern alliance and India has failed miserably in practice. It's taking a more balanced regional approach. The honey moon is over.