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Posted

US President Donald Trump started a trade war with China to fix what he's repeatedly blasted as an unfair relationship between the world's two largest economies.

But as the president makes his case for a second term ahead of November's election, he doesn't have much to show for a bruising trade battle that has been a cornerstone of his foreign policy.
Trump vowed to cut the US trade deficit, but instead it's reached historic highs. He wanted China to buy more American products, but that hasn't happened as much as Washington would like. And he's made almost no progress on big structural issues that American companies care most about.
Despite Trump's pledge to narrow America's trade deficit by slapping heavy tariffs on Chinese goods, the gap by which imports exceeded exports in August widened to more than $67 billion, its highest monthly tally in 14 years. The deficit with China alone fell about 7% from July but was still about $26 billion, according to the US Census Bureau.
 
 
Posted

India lo kooda same to same jaruguthundhi , hadavidi ga plan lekunda tariffs vesthunaru . Trade deficit with China is not reducing . 

Instead of encouraging domestic companies with tax cuts / funding , modi is electing to prop them up using trade barriers . This only increases cost for consumers and decreases the competitiveness of domestic companies .

 

Posted

india lo modi intaku padi retlu vodi poyadu ayina mana media vallu cheppa ledu 

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