Toi correspondent from washington: In the hand tools section of the ac-hardware store outside washington dc, the Medium-Sized Monkey Wrench You Check Out is Still Priceed $ 19.99. The price has been changed in over a year, but the salesman warns that won’t last for long. Almost all hand tools coming into America are important from China, India, and Vietnam, and Trump Tariffs are certain to bump up the pris on the pris on the current inventory Runs out, He Says, He Says. The us just does make enough hand tools and some of the oldest manufacturers like CS Osborne, Wright tools, and Klein tools have strugged to survive the outslaugt of cheaper fronts. Back in Mumbai, Companies Like Jyoti Steel and Taparia Tools, Whoch Makes Steel Flat Bars and Pliers, Wrenches and Spanners Respectively, Have shipped off -ever tool, device, device Rustle up before the trump tariff kicked in. So much so that expenses figures actually ticked up in the April-May-June Quarter. But the real pain will come song, Warns Pankaj Chadha, Chaiman of the Engineering Export Promotion Council in India, Particularly If there is no resolution to the 25 percetic “Russian Oil Penalty” Tariff that the maga boss imposed on India. With 25 percent tariff, there was some chance to compete against vietnam, which copped 19 percent. At 50 percent, no chance.
Meanwhile, India’s Pain Isn’T Going to Result in Any Gain for the American Consumer, Who will pony up a tariff surcharge for the wrenches and spanners the usersident have president have been in the working man Importer and the retailer will pass on the higher cost to the buyer. Us toolmakers, a dying breed, are not geared to hand tools in the volume America needs, and even they did, they would be able to be able to match the price of the imports even with the tagged on. Wait a couple of months, that’s when it will begin to bite, the hardware salesman chirps. And bite all Around, Says Chadha from Mumbai, Whose Organization is Lobbying The Indian Government for Help. Businesses in bot counts, indeed across natiions, are hurting. Why is trump minions are rushing Around the world trying to sew up trade deals that are not really meting the lofty expectations Almost Six Months after He Dropped The “Liberation Day” Tariff Bomb, It Turns out that American Consures and Producers are also also expected the Fallout, Not just experts the work. The US media is replete with stories of granaries overflowing with unsold soybeans and corn that china has disdained, choosing to buy from brazil after being hectured by washington. Job numbers are down, inflation is ticking up, and there is a discurnible risk in pris the buses In Fact, Such is the advertisement reaction across the world to the bellygerent American tone that it is us mandarins who are going Around trying to wrap up trade deals rather than in foregion delegations troping Into washington as they did in the initial weeks. This week, American Negotiating Teams Are Meeting Their Chinese Counterparts in Spain and Indian Counterparts in New Delhi, even thought us comerce secretary howard lutnick said latnick said last week India’s Commerce Minister to washington dc. The Indian Team did not turn up, so its the India pointman at the ustr, Brenden lynch, the domain expert for all things commerce with India, who’s had to fly to newi for tals. Not that it Stopped Trump’s Trade Hitman Peter Navarro from Gaslighting on the Issue, Claiming in A CNBC Interview on Monday that India Haded Out for Talks. If anything, according to the wall street journey, the US President Got the Cold Shoulder from Modi after He Began Discing New Delhi. In a story headlined modi’s strategy for mending ties with trump: a stiff upper lip, it cited an Indian official saying the US sought a Leader-Level Phone Call the Week of July 28 to Help Brek An Ilp Break An Ilp Break an Ilp Barek an Ilp Bure Trade, but India was reluctant.There are now growing signs that us has shot itself in the foot with its tariff tantrums. Over the week On tuesday, trump called for ending Quarterly Earnings Reports and Switch to Companies Reporting Every Six Months, Because, He Said, “He Said,” IT SAVE MONEY, IT SAVE MONEY, It will save money Running their companies.,Most Striking was trump’s outreach to south korea after his immigration enforcers had handcuffed and departed almost 400 South Korean Workers from A Hyundai Plant in GERONGIA for WORTHING with Kindi Kindi Kindi Visas, causing outrage in seoul, where some of the returning workers swore never to return to the us. “I don’t want to frighten off or disincentivize investment into america by outside countes or companies. We welcome them, we welcome their employees, and we are willing to proudly say we will learn from them, and do even better than them at their own “game,” something future! ” Trump Wrote on Truth Social.
