Below is an extract of a post published on Guardian titled "Trade wars: Trump demands India drops 'unacceptable' tariffs - business live"
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Via: Guardian
Rolling coverage of the latest economic and financial news, as US president blasts India for raising tariffs on American goods 7.49am BST Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eurozone and business. The threat of a global trade war is looming over the markets today, as world leaders prepare for a crunch meeting in Japan. I look forward to speaking with Prime Minister Modi about the fact that India, for years having put very high Tariffs against the United States, just recently increased the Tariffs even further. This is unacceptable and the Tariffs must be withdrawn! Just stopped in Alaska and said hello to our GREAT troops! pic.twitter.com/oLYn1mpaVm “China’s economy is going down the tubes – they want to make a deal….. “You have another $325bn that I haven’t taxed yet – it’s ripe for taxing, for putting tariffs on.” “A lot of companies are moving to Vietnam, but Vietnam takes advantage of us even worse than China. So there’s a very interesting situation going on there.” Related: Trump warns China is ‘ripe’ for new tariffs and suggests Vietnam could be next Continue reading…
