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Posted
Just now, Prakat said:

Just lie back and enjoy the late-stage of the global right wing movement. :laugh:

 

This is better entertainment than Cricket and NBA Combined.:wp23:

Posted

Although the tariffs are scheduled to take effect next week, there is an exemption for goods already in transit that arrive in the United States before October 5th. That loophole should delay the surge in consumer prices that tariffs are expected to cause, analysts said. It could also postpone the political backlash from higher inflation.

 

Source: NYT

Posted

Economists now estimate the overall tariff rate on U.S. imports at around 15 percent, up from roughly 2 percent at the start of the year. That’s the highest level since the 1930s, but it may take a while for households to notice. “These taxes do not show up in consumer baskets with full force until January next year,” Paul Donovan, the chief economist for UBS Global Wealth Management, wrote in a research note.

 

Source: NYT

Posted

Well written title.

 

1. MSME's will be most hit.

 

2. Job losses are inevitable in case the tarrif stays. In fact the very announcement of this tarrifs will jave already made managements of various companies cautious as the forecast won't be promising.

 

 

Posted
6 minutes ago, crictime said:

Well written title.

 

1. MSME's will be most hit.

 

2. Job losses are inevitable in case the tarrif stays. In fact the very announcement of this tarrifs will jave already made managements of various companies cautious as the forecast won't be promising.

 

 

 

None of this will come true.

 

1) Most of this stuff is high margin. Producer is capable of cuts. 2) So far most of tariffs are being passed on to the buyer. When there is no local option, buyer will just pay higher price. 3) Businessman don't start planning after announcements. They start working on contingencies 6 months in advance. 

Posted
1 hour ago, ravishingravi said:

 

None of this will come true.

 

1) Most of this stuff is high margin. Producer is capable of cuts. 2) So far most of tariffs are being passed on to the buyer. When there is no local option, buyer will just pay higher price. 3) Businessman don't start planning after announcements. They start working on contingencies 6 months in advance. 

Piyush Goyal is the commerce and industry minister. Today, in Mumbai, he is discussing with exporters regarding the tarrifs amd impact. The businessmen are in talks only because these tarrifs have an impact and a way out needs to be found out.

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