Quite how anyone can, with a straight face, consider Trump as “right” wing is beyond me. To up the ante: Trump Now Threatens Tariffs on All Goods from China: $450 Billion. On June 8, I noted Three US Tire-Chord Makers Threaten to Close Doors Due to Trump Tariffs.Auto job losses alone are likely to hit 45,000 as noted in Pandora’s Box: Another Look at Steel Tariffs.A Fed study shows “ Tariffs Kill High-Paying American Manufacturing Jobs and Businesses“.“India will benefit not only because of the tariffs, but because emerging nations’ currencies have generally lost value against the dollar in the last couple of months,” said Gabriel Crivorot, an analyst at Societe Generale in New York. “If the 25 percent duty stays there as announced, then India could export 5 million bales to China,” he said. Cotton, an exporter that earlier this month sold cotton to China for shipments in November and December. “In the last few weeks we are getting good inquiries from China for the new season crop,” said Arun Sekhsaria, managing director of D. President Donald Trump will allow India to grab a bigger share of the Chinese market. But China’s decision to impose a 25 percent import tax from July 6 on American farm commodities, including on cotton, in retaliation for tariffs enacted by the administration of U.S. The United States, the world’s biggest exporter of the fibre, has cornered the bulk of Chinese imports for at least a decade. India’s cotton shipments to China could grow five-fold to 5 million bales (850,000 tonnes) in the next crop year as exporters rack up orders amid a trade war that is forcing the world’s top consumer to look for other sources of supply. Reuters reports India Ships More Cotton to China as 25 Percent Tax Spoils U.S.
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