Based on data from the World Trade Organization, India’s easy average tariff level is 17 per share, compared to approximately 3.3 per share for the US. On a trade-weighted base, India’s level is about 12 per share, vs the US price of 2.2 per share.
Hassett told CNBC that Trump was concerned that the Biden presidency had waived tariffs on steel and aluminum that were imposed during Trump’s first name to ensure that the US had enough material manufacturing in the event of a conflict. ” So material power went way off, and then all of a sudden, there’s exemptions for this and discounts for that. There’s hundreds and thousands of exemptions”, Hassett said. ” So President Trump, as he can accomplish, is like,’ Okay, so let’s just stop the exemptions, and he’ll do so at a moment of his selecting.'”