India - US Tariff and Relations | News + Updates

Yasser76 said:

Trump vows to keep 'massive' tariffs on India until Russian oil imports cease​


Click to expand...

Yasser76 said:

Trump vows to keep 'massive' tariffs on India until Russian oil imports cease​


Click to expand...
This is an ( 5 day ) old story. Since then, Trump has said it is a process and will take some time, but Indian buyers themselves are now pulling back on the purchases after the latest round of sanctions on the two biggest Russian oil companies. Ambani's Reliance, which is the biggest Indian buyer of Russian crude, has significant interests in the US and wouldnt want to get sanctioned even if the Indian government didnt ask it to stop buying. The discount on Russian crude had been shrinking and with the added costs of shipping and insurance because of the sanctions, the effective profit margin from buying from Russia had been shrinking.

I dont think Russian oil is an issue for India anymore. If there are sticking points, they are more likely to be 1) level of access India will provide to American farm and dairy exports 2) arms buying commitment from India 3) tariff rate for India.
 
Owaiz said:
This is an ( 5 day ) old story. Since then, Trump has said it is a process and will take some time, but Indian buyers themselves are now pulling back on the purchases after the latest round of sanctions on the two biggest Russian oil companies. Ambani's Reliance, which is the biggest Indian buyer of Russian crude, has significant interests in the US and wouldnt want to get sanctioned even if the Indian government didnt ask it to stop buying. The discount on Russian crude had been shrinking and with the added costs of shipping and insurance because of the sanctions, the effective profit margin from buying from Russia had been shrinking.

I dont think Russian oil is an issue for India anymore. If there are sticking points, they are more likely to be 1) level of access India will provide to American farm and dairy exports 2) arms buying commitment from India 3) tariff rate for India.
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Thank you for the sane perspective... Mostly missing due to fanboys who are still coming up to speed on how the world works

India needs to reform agricultural and manufacturing sector - its lagging. What has been great is the digital sector (from mobile phones to digi-pay) and infrastructure (20kms + highway being build everyday)

Agriculture and labor reforms are both hard - majority farmers are lower income/poor and rely on MSP (price floors) for a predictable income. The small lots also makes the sector productivity and economics challenging. On manufacturing, the policy is not lagging (difference between centre and state has caused flight of capital and uncertainty)

Still I see India improving day by day/year by year. Whenever I visit, I am amazed by the on ground changes (which are more visible in digital and infra). Plus more and more people are now thinking about global supply - two distinct examples - a relative who manufacturers nuts and bolts (fasteners) wants to expand in US. An Indian chemical manufacturer wants to do 50+ JVs in next 3 years with US distributors in bulk chemicals space.

I will hazard that India will be ~8-10T economy by 2035, if population remains same that is doubling of GDP per capita and will have a major impact on country's soft and hard power
 
Yasser76 said:

Trump vows to keep 'massive' tariffs on India until Russian oil imports cease​


Click to expand...
Your timelines and propensity to quote media articles seem to depend on your narrative - which is India has lost.

Remember the thread on H1B visa fees? You made many claims and told many lies. But you vanished from that thread after the latest news has made it clear that it has been watered down significantly.

On this thread too, you choose to only quote what suits your lies and propaganda. Indian media is unreliable till it suits you. Then Indian media also be comes a source.
 
Owaiz said:
This is an ( 5 day ) old story. Since then, Trump has said it is a process and will take some time, but Indian buyers themselves are now pulling back on the purchases after the latest round of sanctions on the two biggest Russian oil companies. Ambani's Reliance, which is the biggest Indian buyer of Russian crude, has significant interests in the US and wouldnt want to get sanctioned even if the Indian government didnt ask it to stop buying. The discount on Russian crude had been shrinking and with the added costs of shipping and insurance because of the sanctions, the effective profit margin from buying from Russia had been shrinking.

I dont think Russian oil is an issue for India anymore. If there are sticking points, they are more likely to be 1) level of access India will provide to American farm and dairy exports 2) arms buying commitment from India 3) tariff rate for India.
Click to expand...

Much of the above is wishful thinking. Trump and Xi close to a deal, which means, by default, India's position has become weaker

​

 
Vkdindian1 said:
Your timelines and propensity to quote media articles seem to depend on your narrative - which is India has lost.

Remember the thread on H1B visa fees? You made many claims and told many lies. But you vanished from that thread after the latest news has made it clear that it has been watered down significantly.

On this thread too, you choose to only quote what suits your lies and propaganda. Indian media is unreliable till it suits you. Then Indian media also be comes a source.
Click to expand...
I'm not sure you quite realise who is actually partaking in the chest thumping and who is merely holding up the mirror to expose it.

Concessions have already been made. More concessions are likely. These are the real fruits of Modi's substanceless "hug diplomacy".
 
Yasser76 said:
Much of the above is wishful thinking. Trump and Xi close to a deal, which means, by default, India's position has become weaker

​

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It will be clear in a few weeks who is indulging in wishful thinking. The American and Chinese officials are scared of even using the word "deal" to describe the arrangment, instead using word salad like "framework" and "consensus".

Neither China nor the US is prepared to accept the other's hegemony in the Indo-Pacific and their relationship is fundamentally adversarial, though both are still dependent on each other. The so-called deal is just a framework for a managed decoupling. China will delay the stringent licensing for rare earths and the US will not slap on another 100% in reciprocal tariffs. A full-blown trade war will hurt both parties, so short to medium term accommodations will be reached, but in the long term, both will seek to reduce reliance on the other before the inevitable showdown which will probably manifest when China tries to take over Taiwan.

India is far weaker than China in terms of military, economic and geopolitical weight to be a serious threat to the US anytime soon. It is not in the US interest for India to slip into the Chinese sphere of influence, so they will ultimately reach some sort of accomodation even though the Trump-Modi personal relationship has become a bit awkward lately.
 
Owaiz said:
It will be clear in a few weeks who is indulging in wishful thinking. The American and Chinese officials are scared of even using the word "deal" to describe the arrangment, instead using word salad like "framework" and "consensus".

Neither China nor the US is prepared to accept the other's hegemony in the Indo-Pacific and their relationship is fundamentally adversarial, though both are still dependent on each other. The so-called deal is just a framework for a managed decoupling. China will delay the stringent licensing for rare earths and the US will not slap on another 100% in reciprocal tariffs. A full-blown trade war will hurt both parties, so short to medium term accommodations will be reached, but in the long term, both will seek to reduce reliance on the other before the inevitable showdown which will probably manifest when China tries to take over Taiwan.

India is far weaker than China in terms of military, economic and geopolitical weight to be a serious threat to the US anytime soon. It is not in the US interest for India to slip into the Chinese sphere of influence, so they will ultimately reach some sort of accomodation even though the Trump-Modi personal relationship has become a bit awkward lately.
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Oh well, there goes that dream. Tell me how you would describe this non-deal, China has lower toriffs then India now...

www.bbc.co.uk

Donald Trump lowers China tariffs and announces end to 'rare earths roadblock' after meeting Xi Jinping

The US president says: "On the scale from zero to 10, with 10 being the best, I would say the meeting was a 12." Beijing says the results were "hard won".
www.bbc.co.uk www.bbc.co.uk
 
Yasser76 said:
Oh well, there goes that dream. Tell me how you would describe this non-deal, China has lower toriffs then India now...

www.bbc.co.uk

Donald Trump lowers China tariffs and announces end to 'rare earths roadblock' after meeting Xi Jinping

The US president says: "On the scale from zero to 10, with 10 being the best, I would say the meeting was a 12." Beijing says the results were "hard won".
www.bbc.co.uk www.bbc.co.uk
Click to expand...
To be honest, I had expected you to disappear from the thread, but I always overestimate people's intelligence and self-awareness.

Tariffs for China got lowered from 57% to 47% AFTER the so-called deal, which is good for only one year, before Trump threatens 150%+ tariffs and China threatens to cut America off from rare-earths again. In the meantime, the United States is on a spree signing rare earth deals with every nation who would care to sign them, including those that have no rare earth reserves. China is still cut off from Nvidia's top of the line AI chips and has not bought a single one of the downgraded chips that Nvidia is allowed to sell to China, asking companies to use Chinese chips instead. China has refused to give quantitative targets for how much American farm products it would buy and also refused to stop buying Russian oil . Also, the same day the "deal" was reached , Trump gave an order to start testing nukes again, specifically naming Russia and China as the two main adversaries.

One would have to be a special level of delusional to think that is some sort of a "grand bargain" between the two superpowers. It is nothing but a truce to enable both sides to achieve a soft landing while each figures out how to manage the decoupling.

In contrast to China's 47% tariffs AFTER the deal, India has 25% tariffs BEFORE the deal + 25% specifically for Russion oil purchases, which the Indians are in the process of stopping. Once they agree to a deal in the next few weeks, your post, which is already aging like milk, will look absolutely rancid. In the meanwhile, the US and India have signed a 10 year defence pact.
 
Owaiz said:
To be honest, I had expected you to disappear from the thread, but I always overestimate people's intelligence and self-awareness.

Tariffs for China got lowered from 57% to 47% AFTER the so-called deal, which is good for only one year, before Trump threatens 150%+ tariffs and China threatens to cut America off from rare-earths again. In the meantime, the United States is on a spree signing rare earth deals with every nation who would care to sign them, including those that have no rare earth reserves. China is still cut off from Nvidia's top of the line AI chips and has not bought a single one of the downgraded chips that Nvidia is allowed to sell to China, asking companies to use Chinese chips instead. China has refused to give quantitative targets for how much American farm products it would buy and also refused to stop buying Russian oil . Also, the same day the "deal" was reached , Trump gave an order to start testing nukes again, specifically naming Russia and China as the two main adversaries.

One would have to be a special level of delusional to think that is some sort of a "grand bargain" between the two superpowers. It is nothing but a truce to enable both sides to achieve a soft landing while each figures out how to manage the decoupling.

In contrast to China's 47% tariffs AFTER the deal, India has 25% tariffs BEFORE the deal + 25% specifically for Russion oil purchases, which the Indians are in the process of stopping. Once they agree to a deal in the next few weeks, your post, which is already aging like milk, will look absolutely rancid. In the meanwhile, the US and India have signed a 10 year defence pact.
Click to expand...

Insulting people seems to be your default.

Already US approach to China is seeing subtle but fundamental shifts, do not take my word for it, below is US SecDef.

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Also, small tip, try and be respectful on here, you will get much further
 
Yasser76 said:
Insulting people seems to be your default.

Already US approach to China is seeing subtle but fundamental shifts, do not take my word for it, below is US SecDef.

To view this content we will need your consent to set third party cookies.
For more detailed information, see our cookies page.


Also, small tip, try and be respectful on here, you will get much further
Click to expand...

Actions matter more than words. What else do you expect the US Secretary of War to say right after a meeting of the Presidents.
 
@kambhakt

Hopefully the SCOTUS will strike down the illegal tariffs imposed by this corrupt and criminal President.

Regards
 
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