Never a dull moment.
From the New York Times,
WASHINGTON — The Trump administration announced on Friday that it was stripping India of a special status that exempts billions of dollars of its products from American tariffs, part of a deepening clash over India’s protections for its market.
The White House said that it would terminate India’s preferential market access to the United States as of June 5. The notice claimed that India had not given the United States “equitable and reasonable access to its markets.”
The administration said that it would also apply to India tariffs on solar panels and washers that President Trump announced last year, suspending an exemption it had granted to certain developing countries.
The measure will hit some Indian exporters of products like textiles, jewelry, auto parts and agricultural products, and aggravate tensions between the United States and a country the Trump administration has described as an ally to counter China.
www.nytimes.com/…
Is it me or is the orange catastrophe increasingly out of control? What the heck. How is this helping us?
Guys?