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Trump Says India Offered to Cut Its Tariffs to ‘Nothing’
President Donald Trump said India has offered to cut its tariff rates following the US imposition last week of 50% levies as punishment for its purchases of Russian oil. “They have now offered to cut their Tariffs to nothing, but it’s getting late. They should have done so years ago,” Trump said in a Truth Social post Monday. It wasn’t clear when the offer was made, or whether the White House plans to reopen trade talks with India. The new US tariffs doubled the existing 25% duty on Indian exports. The levies hit more than 55% of goods shipped to the US — India’s biggest market — and hurt ... (full story)
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What few people understand is that we do very little business with India, but they do a tremendous amount of business with us. In other words, they sell us massive amounts of goods, their biggest “client,” but we sell them very little - Until now a totally one sided relationship, and it has been for many decades. The reason is that India has charged us, until now, such high Tariffs, the most of any country, that our businesses are unable to sell into India. It has been a totally one sided disaster! Also, India buys most of its oil and military products from Russia, very little from the U.S. They have now offered to cut their Tariffs to nothing, but it’s getting late. They should have done so years ago. Just some simple facts for people to ponder!!!
More than 15 Trillion Dollars will be invested in the USA, a RECORD. Much of this investment is because of Tariffs. If a Radical Left Court is allowed to terminate these Tariffs, almost all of this investment, and much more, will be immediately cancelled! In many ways, we would become a Third World Nation, with no hope of GREATNESS again. TIME IS OF THE ESSENCE!!! President DJT
U.S. Treasury Secretary Scott Bessent on Monday expressed confidence that the Supreme Court will uphold President Donald Trump’s use of a 1977 emergency powers law to impose sweeping tariffs on most trading partners, but said the administration has a backup plan if it does not. Bessent told Reuters he was preparing a legal brief for the U.S. solicitor ...
