{"id":28705,"date":"2018-10-24T14:27:48","date_gmt":"2018-10-24T08:57:48","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=28705"},"modified":"2018-10-24T14:27:48","modified_gmt":"2018-10-24T08:57:48","slug":"dangerous-spiral","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/dangerous-spiral\/","title":{"rendered":"Dangerous spiral"},"content":{"rendered":"<p><a href=\"http:\/\/www.thehindu.com\/opinion\/editorial\/dangerous-spiral\/article24223280.ece\">Dangerous spiral<\/a><\/p>\n<p><strong>News<\/strong><\/p>\n<ol>\n<li>India is the latest to join the global trade war.<\/li>\n<\/ol>\n<p><strong>Important Facts<\/strong><\/p>\n<ol start=\"2\">\n<li>India impose tariffs as high as 50% on a list of 30 goods imported from the U.S.<\/li>\n<li>India\u2019s notification to the WTO says that U.S. tariffs on steel and aluminium would cost India $241 million.<\/li>\n<li>The tariffs imposed on the U.S. is in proportion to these amount.<\/li>\n<li>India has also indicated its preference to deal with the issue through dialogue, and not \u201cmeasures and counter-measures\u201d.<\/li>\n<li>Global trade war start with the imposition of tariff by US to discourage the import of steel and aluminum into the country.<\/li>\n<li>In retaliation China and EU also impose tariff<\/li>\n<\/ol>\n<ul>\n<li>In total US impose tariff on $450b of Chinese goods<\/li>\n<li>China impose tariff on $50b of US goods<\/li>\n<li>EU impose tariff on $3.3b of US goods<\/li>\n<\/ul>\n<ol start=\"8\">\n<li>The threat of trade war is also visible in global trade market.<\/li>\n<li>During G-7 summit US rejected the idea of \u201crule based trading system\u201d<\/li>\n<li>In last, global powers must try to end the ongoing trade war before it gets out of hand.<\/li>\n<li>The longer it goes on, the greater the cost as growth slows down under increasing burden of taxes.<\/li>\n<\/ol>\n","protected":false},"excerpt":{"rendered":"<p>Dangerous spiral News India is the latest to join the global trade war. Important Facts India impose tariffs as high as 50% on a list of 30 goods imported from the U.S. India\u2019s notification to the WTO says that U.S. tariffs on steel and aluminium would cost India $241 million. The tariffs imposed on the&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/dangerous-spiral\/\">Continue reading <span class=\"screen-reader-text\">Dangerous spiral<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[555],"tags":[],"class_list":["post-28705","post","type-post","status-publish","format-standard","hentry","category-test-1","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704911081},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/28705","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=28705"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/28705\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=28705"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=28705"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=28705"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}