Showing posts with label Trump's tariffs. Show all posts
Showing posts with label Trump's tariffs. Show all posts

Thursday, August 7, 2025

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.

Friday, April 11, 2025

Trade wars and tariffs are the normality of capitalism

Article originally published in Rizospastis, Organ of the CC of the KKE, on Thursday 10/4/2025. Translated by Nikos Mottas.

The fairy tales about a "peaceful" redistribution of the world, which flared up with Trump's election, the bargaining over Ukraine, and the ceasefire in the Middle East, have collapsed with a blast. Those who try to whitewash the imperialists with such lies and hide their irreconcilable rivalries under the carpet are shamelessly provoking the people.

Monday, March 17, 2025

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.