On August 6, US President Trump officially ordered to impose a 25% tariff on India, making the US import tariff on India reach 50%. In contrast to the strong stance of the Indian military, the Indian government also responded strongly against President Trump's decision to increase tariffs. However, the problem with the Indian authorities is that although they have been making strong counter-responses for several days, they have not yet come up with any substantive measures to retaliate against the US tariffs, such as imposing tariffs on US goods. India is in the stage of initial capital accumulation in its industry, and its products are all low-end goods, occupying the same ecological niche as Vietnam and Bangladesh. A 50% tariff would be very damaging to India, and it would find it very difficult without the US market. India imports Russian energy for its own use, and the profit from reselling is too big to give up. Moreover, if India produces phones and then exports them to the US, will Trump pardon it? What would the US do if India does not deliver AH-64 Apache attack helicopters and P-8I anti-submarine aircraft parts produced in India? India should now retaliate by imposing equivalent tariffs on the US. The US losing the Indian market of 1.4 billion people would be more painful than India losing the US market. Backwardness invites punishment. A weak country has no diplomacy. India just lost an air battle, losing six fighter jets, and the US came to step on it.
Original article: https://www.toutiao.com/article/1839768991553671/
Statement: This article represents the views of the author himself.