US import tariffs on steel, aluminium: India hits back, to suspend concessions on 30 products

Source

Responding to the US import tariffs on certain steel and aluminium products, India has decided to suspend concessions on 30 products being imported from the US. In a notification to the World Trade Organisation (WTO) on June 14, India emphasised that the tariffs will be substantially equivalent to the amount of trade affected due to the US’ measures.

Any particular reason this guy is picking a fight with everyone at the same time ? There is already a full blown China-US trade war going on. Instead of trying to find a common ground against China with India, US is taking on India as well ? I would have believed it would have been a good idea to break up the BRICS and use this as an opportunity to make them fight each other, or at least make it look like BRICS allies are not backing up each other. Trump's move has essentially forced India and China on one side while there were already tensions going on between the two.

a reply to: maddy21

If I had to guess, I'd say it's to force Americans to ramp up production on these items and get us back to manufacturing instead of just consuming.

a reply to: network dude

Yeah, that's kinda a logical theory, to rationalise Trumps recent irrational behaviour... His throwing the American people into the deep end, hoping they'll learn how to swim, before they drown.

Question is though... Do you personally think it'll work?

a reply to: maddy21

India only accounts for 2.4% of steel imported into the US. So who cares?

You people refuse to listen over the sound of your Trump hate. The world has been taking advantage of imbalanced trade deals with the US for decades, which has contributed to the decline of US production and loss of American jobs.

These countries need us a whole lot more than we need them. Trump is working on making them realize this. I understand you people aren't used to a President putting America first, but at least give it a chance before you start parroting your media provided talking points and vitriol.

Trump is an American Patriot. Americans these days don't know what that means.

originally posted by: Subaeruginosa
a reply to: network dude

Yeah, that's kinda a logical theory, to rationalise Trumps recent irrational behaviour... His throwing the American people into the deep end, hoping they'll learn how to swim, before they drown.

Question is though... Do you personally think it'll work?

As a former American business man, yes, it will work for those that are looking for work.

a reply to: watchitburn

The tariffs are for metals going out, not in.

And Trump is playing a game that can't realistically work in today's world. While the US becomes a recluse and demands this and that the rest of the world will keep trade flowing fairly.

I understand he wants to make America first but there's a reason why factories and jobs left, because the workers demanded obscene compensation for mundane jobs that became automated anyways.

a reply to: watchitburn


I'm not an American, My opinions on trump are simply based on how good/beneficial he is to my country. As for you asking "who cares". India has decided to suspend concessions on 30 products imported from America. Value amounting to the trade effected by US Tariffs. Those American businesses who make money on exporting to India will get effected.

Nothing wrong in being a Trump supporter, but I fail to understand how pissing off two Major BRICS nations who was at each others throat is beneficial ?...

a reply to: musicismagic

Why don't you explain to me what a "American Patriot" is? It will still only be your opinion. Thanks though.

originally posted by: MiddleInsite
a reply to: musicismagic

Why don't you explain to me what a "American Patriot" is? It will still only be your opinion. Thanks though.

One who protects his family, and the American people are his family due to he is an appointed leader for its nation. Should be fairly easy to understand now, don't you think so.

a reply to: maddy21

Called day of the free lunch is over,how is making all imports,taxed at a fixed rate picking on a certain individual?where do you get your ideas and reasoning,Trump is a buisness man,and look at what making so called concession's have created,liberal polititians getting rich,and taxpayers paying more,called paying your fair share,I'm shocked how inept the OP is this is common sense don't need a MBA

originally posted by: Subaeruginosa
a reply to: network dude

Yeah, that's kinda a logical theory, to rationalise Trumps recent irrational behaviour... His throwing the American people into the deep end, hoping they'll learn how to swim, before they drown.

Question is though... Do you personally think it'll work?

For that to work, Trump will need to create the atmosphere were local business can Thrive. Which means easier access to business loans, less interest rates. Also people willing to go out there and start their own Businesses. I'm unaware of the situation in America so, I don't know.

I thought the problem is with these tariffs is take steel for example the best quality steel is produced in Japan. That steel is used in the military so the USA are going to have to buy that.
I may be wrong though I saw an interview with a general explaining if they need to buy more to make more weapons of war it will cost more now.

originally posted by: Oldtimer2
a reply to: maddy21

Called day of the free lunch is over,how is making all imports,taxed at a fixed rate picking on a certain individual?where do you get your ideas and reasoning,Trump is a buisness man,and look at what making so called concession's have created,liberal polititians getting rich,and taxpayers paying more,called paying your fair share,I'm shocked how inept the OP is this is common sense don't need a MBA

There are no free lunches, weather democrat or liberal. There is always a trade off. Personally attacking me is not going to help. Maybe reading up on the article before hitting that reply button would have given you an idea that even India and other nations give concessions on trade. Taxing imports basically means, the business who owns the imported product is forced to hike the price to make it more profitable, basically making their product less competitive. This is precisely the reason why countries constantly talk to each other to give concessions to their exports, to make their products more competitive in the market. So when a country outright Hikes the Tariff rates on imported products it is always seen as an "aggressive" measure.

originally posted by: Subaeruginosa
a reply to: network dude

Yeah, that's kinda a logical theory, to rationalise Trumps recent irrational behaviour... His throwing the American people into the deep end, hoping they'll learn how to swim, before they drown.

Question is though... Do you personally think it'll work?

as a small business owner, I'd say hell yes. It's opportunity waiting for some lucky hard worker to cash in on it.

a reply to: maddy21

Job growth is high and unemployment very low .. so I would say his plan is working thus far.

Source

Based on these findings, the Secretary of Commerce concludes that the present quantities and circumstance of steel imports are “weakening our internal economy” and threaten to impair the national security as defined in Section 232. The Secretary considered the Department’s narrower investigation of iron ore and semi-finished steel imports in 2001, which recommended no action be taken, and finds that several important factors – the broader scope of the investigation, the level of global excess capacity, the level of imports, the reduction in basic oxygen furnace facilities since 2001, and the potential impact of further plant closures on capacity needed in a national emergency, support recommending action under Section 232. In light of this conclusion, the Secretary has determined that the only effective means of removing the threat of impairment is to reduce imports to a level that should, in combination with good management, enable U.S. steel mills to operate at 80 percent or more of their rated production capacity.

So basically this is Trump's plan. Local steel mills are producing at less capacity as the imported steel is more competitive in the market in terms of price. Basically Trump is trying to forcefully reduce imports to the point where businesses are forced to buy Steel from the local steel mills. One way this is good as it strengthens the internal economy making it less susceptible to outside forces and also provides more jobs. At the same time it will also make everything else more expensive.

a reply to: maddy21

I would think it's rather obvious, has been well articulated by many. We've been screwed over, to some degree, by various nations in specific areas and we aren't going to take it anymore.

Already, some agreements have been made with China in certain areas, but anyone who thinks we should let things be, one can only conclude, has some vested interest in some aspect of it. That would include the OP, one would guess.

The steel and aluminum tariffs only apply to those nations that either subsidize their versions or tariff US imports.

Any counter move, by any nation, is an admission that they have benefited from those inequities. While none of the current leaders may have been directly involved with those decisions, subsidies and/or tariffs, they suffer politically at home by not at least threatening retaliation. I'm betting many are mere rhetoric and will get down to negotiations shortly.

If, however, these nations want to maintain their advantage and get into a trade war, then sobeit. India? LMAO.

It's opportunity waiting for some lucky hard worker to cash in on it

Sure it is. Do you people know that the world is not just about business?

These trade wars are going to hurt the US more than help, a lot of businesses are already trying to figure out how to survive with increased costs of steel.

originally posted by: CB328

It's opportunity waiting for some lucky hard worker to cash in on it

Sure it is. Do you people know that the world is not just about business?

These trade wars are going to hurt the US more than help, a lot of businesses are already trying to figure out how to survive with increased costs of steel.

Based on your apparent understanding of the world, forgive me if I don't take your advice on my future. If you were say, a low level IT person making like 18 an hour, I might understand the confusion. But then, I'd suggest you move where wages are better, rather than stagnate and bitch.