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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 385.99+1.6%Nov 12 4:00 PM EST
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To: Maurice Winn who wrote (138549)1/24/2018 5:20:54 PM
From: Elroy Jetson  Read Replies (2) of 217737
 
Indian Prime Minister Narendra Modi opened the Davos conference with a sharp rebuke of Fat Don's import tariffs on solar panels and washing machines.

Modi said, "Forces of protectionism are raising their heads against globalization and the negative impact of this kind of mindset cannot be considered less dangerous than climate change or terrorism."

A bureaucrat, India's director general of market safeguards, has in fact recommended similar import tariffs on solar panels but this has been strongly opposed by the industry group, Independent Solar Power Producers Alliance, and by PM Modi whose ambitious plans for new solar installations require more than three times the volume the domestic Indian solar panel industry is capable of producing.

Rishab Shrestha, an analyst with GTM Research, said "president Trump is attempting to turn America into an economic black hole of kleptocracy and corruption but India cannot afford to copy this dark path of self-destruction."

Canadian Prime Minister Justin Trudeau told Davos attendees that Canada and other nations had signed a revised TPP Trade Treaty (Trans-Pacific Partnership) two days ago in Tokyo. One of president Trump's first actions was to withdraw America from the TPP trade agreement.

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