Another Day, Another Tariff—This Time India Gets The Short Straw

President Trump has a victory present for newly re-elected Prime Minister Narendra Modi – and it’s the economic equivalent of a flaming bag of shit on India’s doorstep. In his latest act of aggressive protectionism in what has already been an action-packed week, Trump late Friday announced that his administration was terminating India’s designation as a developing nation under a trade program that allowed Indian exporters to ship 2,000 products into the US duty free.