Seems like The Donald, and indeed, much of the media still haven't figured out who pays the tariffs on imports to the US.View attachment 30379
President Donald Trump signed an executive order Wednesday to place an additional 25% tariff on India for its purchases of Russian oil, bringing the combined tariffs imposed by the United States on its ally to 50%.
The tariffs would go into effect 21 days after the signing of the order, meaning that both India and Russia might have time to negotiate with the administration on the import taxes.
Trump's moves could scramble the economic trajectory of India, which until recently was seen as an alternative to China by American companies looking to relocate their manufacturing. China also buys oil from Russia, but it was not included in the order signed by the Republican president.
(As part of a negotiating period with Beijing, Trump has placed 30% tariffs on goods from China, a rate that is smaller than the combined import taxes with which he has threatened New Delhi)
At a population exceeding 1.4 billion people, India is the world’s largest country andrepresentsrepresented a way for the U.S. to counter China's influence in Asia. But India has not supported the Ukraine-related sanctions by the U.S. and its allies on Moscow even as India's leaders have maintained that they want peace.
In 2024, the U.S. ran a $45.8 billion trade deficit in goods with India, meaning it imported more than it exported, according to the U.S. Census Bureau.
The U.S. and China are currently in negotiations on trade, with Washington imposing a 30% tariff on Chinese goods and facing a 10% retaliatory tax from Beijing on American products.
Trump to put additional 25% import taxes on India, bringing combined tariffs to 50% — The Canadian Press
WASHINGTON (AP) — President Donald Trump signed anapple.news
The Tarriff Hype.
- Thread starter petros
- Start date
Canadian resolve on trade negotiations hardens as country faces day one of increased tariffs - Angus Reid Institute
Two-thirds say Canada should take “hard” line in trade talks, rebuff Trump’s rebuke on Palestine stance August 1, 2025 – Canadian resolve in the face of what are now 35 per cent tariffs on non-USMCA protected goods (notwithstanding items already subject to a Trump-imposed 50 per cent) is holding...
angusreid.org
Glad more Canadians are all about pushing harder on the US. Cause fuck em.
I called it couple months ago. If Canada drops its stance on Palestine Nationhood, we'll be on level ground. Trump showed his hand saying the quiet part out loud.Canadian resolve on trade negotiations hardens as country faces day one of increased tariffs - Angus Reid Institute
Two-thirds say Canada should take “hard” line in trade talks, rebuff Trump’s rebuke on Palestine stance August 1, 2025 – Canadian resolve in the face of what are now 35 per cent tariffs on non-USMCA protected goods (notwithstanding items already subject to a Trump-imposed 50 per cent) is holding...
Glad more Canadians are all about pushing harder on the US. Cause fuck em.
What Carney is doing is "Elbows Up".
Canada's power isn't in energy.
Our power is in food....
Saskatchewan has the power to leave USA or China without fertilizer then sell them our grain at crazy prices on contract.