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More Tariffs -- big suprise in India

 Things are bad when Donald picks of fight with India.   total trade between US and India, about 40 billion dollars (aka peanuts).   What does America buy, pharmaceuticals are the most important, a lot of drugs on the shelves of your local CVS are from India.   What does America export to the US again ordinary stuff, equipment and machinery.   The question is why did Donald pick of fight with India of all places?

Now Donald will institute a massive increase in tariffs, 99% of everything exported to the US can be exported elsewhere, and it will.   the only people who will suffer are American consumers, but they are the suckers anyway.

The problem for Donald is that his only real target is China. Tariffs between Europe and America are almost the same, so reciprocal tariffs will have no impact on Europe. Tariffs in Europe are 5% vs. 3.2% in the US. Now, on Steel and Aluminum, the Europeans and the Canadians have a nice growth path. It will be interesting to see how long it takes American car manufacturers to replace Canadian aluminum (or car parts).

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