Communist Party of India (Marxist) blasts Trump government's imposition of tariffs on Indian exports

Following the decision of US President Donald Trump to impose an additional 25% tariff on Indian exports, the Political Bureau of the Communist Party of India (Marxist) has issued the following statement:

The Polit Bureau of the Communist Party of India (Marxist) strongly condemns the United States for imposing a 50 per cent tariff on Indian exports. 

This unilateral move is arbitrary, dictatorial and reflects the bullying tactics of the US administration.

Trump's tariffs analyzed from a class perspective

By Charles Andrews*

The key to a capitalist economy is the state of its capital accumulation. That goes for understanding tariffs in particular.

 — U.S. tariffs were successful in the late 19th century. Capital accumulation was vigorous, and tariff protection helped develop domestic industries.

 — The 1930 Smoot-Hawley tariffs certainly did not help when the boom of the 1920s had already collapsed into a deep depression. Capitalism cannot evade the law of the falling rate of profit; boom turns into bust.