tyb
lqa
o7
Trump moves to scrap trade privilege for India, Delhi plays down impact
WASHINGTON/NEW DELHI (Reuters) - U.S. President Donald Trump looked set to open a new front in his trade wars with a plan to end preferential trade treatment for India that allows duty-free entry for up to $5.6 billion worth of its exports to the United States.
Monday's move comes as trade tensions between the United States and India mount. The United States is trying to rework pacts with a number of other countries as well, including China. Trump has said weak deals have cost millions of American jobs and has vowed to cut U.S. trade deficits.
India played down the impact, saying it was keeping retaliatory tariffs out of its talks with the United States, but the opposition could seize on the issue to embarrass Prime Minister Narendra Modi ahead of general elections this year.
Trump has repeatedly called out India for its high tariffs, and U.S. trade officials said scrapping the concessions would take at least 60 days after notifications to Congress and the Indian government.
"I am taking this step because, after intensive engagement between the United States and the government of India, I have determined that India has not assured the United States that it will provide equitable and reasonable access to the markets of India," Trump told congressional leaders in a letter.
India is the world's largest beneficiary of the Generalized System of Preferences (GSP), which dates from the 1970s, and ending its participation would be the strongest punitive action the United States has taken against the country since Trump took office.
https://www.marketscreener.com/news/Trump-moves-to-scrap-trade-privilege-for-India-Delhi-plays-down-impact–28109920/?countview=0
with a long term time-frame fully agree with you.
No argument with solid, sound advice you have given. op said they were a poor workfag so taking that into account merely suggesting the vehicle with the best possible ROI.
Trannies Tumble To Longest Losing Streak Since 2009
Another day, another set of stimulus measures for China, sending CHINEXT soaring (as SHCOMP limped higher).
UK's FTSE surged most and Spain lagged.
US Stocks traded in a very narrow range with no opening change (highly unusual - the average absolute change from the previous close to today's open has been 0.33%)
Trannies fell for the 8th day in a row - they have not suffered a longer losing streak since Feb 2009… and Dow Theorists will not like the negative divergence.
The S&P 500 has gone nowhere for almost two weeks - 2793, 2796, 2794, 2792, 2785, 2803, 2793, 2790, but today the machines try at least four times to tag 2,800. See cap 3
Notably, the last few days have seen a reversion to the old regime where selling pressure strikes towards the end of the day as the SMART index begins to diverge lower from stocks.
rest at link and graphic heavy
https://www.zerohedge.com/news/2019-03-05/trannies-tumble-longest-losing-streak-2009
https://finance.yahoo.com/quote/%5EDJI?p=^DJI