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President Trump increased tariff threats via social media, this time targeting Apple. The Dow dropped .6% and Apple shares fell 3% following Trump's post stating phones sold in America should be made in America. The S&P and Nasdaq also declined.

We start in The US with the president Trump's trade war because today, it has a new target as of, nearly two hours ago now, midnight in Washington, 09:30AM in Delhi. Most Indian goods imported into The US face a 50% tariff. The US imposed a 25% import tax earlier this month because of what the administration sees as an unfair trading relationship between the two. Now it's doubled the rate as punishment for buying oil from Russia. To start with, last year, The United States was India's biggest trading partner with bilateral trade worth a $190,000,000,000. India sells a lot more to America than the other way

Speaker 0 announces a government procurement policy change. Starting today, all U.S.-based companies will be banned from taking part in government procurement. The speaker notes that the province spends about $30 billion annually on procurement, and alongside that, there is more than a $200 billion plan to build infrastructure. As a consequence of this policy, U.S.-based businesses will lose tens of billions of dollars in revenues. The speaker attributes this consequence to President Trump and states the intention to urge all 44 municipalities to adopt the same approach, highlighting that some have already begun to respond. The speaker emphasizes a broader move beyond the procurement ban, stating that Ontario is ripping up its contract with Starlink. The contract is described as done and gone, with a commitment not to award contracts to individuals or entities that enable and encourage economic attacks on the province or country. This action is framed as part of a larger response that includes federal tariffs and measures being advanced by fellow premiers. The speaker characterizes the collective actions as “Team Canada’s opening response.” In summary, the key points are: a nationwide procurement ban for U.S.-based companies by the provincial government; the substantial annual procurement expenditure and the large infrastructure plan that would be affected; anticipated revenue losses for U.S.-based businesses; encouragement for all 44 municipalities to adopt the same ban, with some already joining; the termination of the Ontario-Starlink contract; and the stance that no contracts will be awarded to actors who are perceived as enabling economic attacks on the province or country, all within a broader strategy that includes federal tariffs and other premiers’ measures as part of an opening response from Team Canada.

About 70% of the 85,000 H-1B visas issued annually go to Indian workers, reflecting a growing US-India trade relationship. While some argue that Indian workers possess unique skills, others contend that the primary reason for hiring them is cost savings. Companies prioritize cheaper labor, which leads to American workers being laid off. Critics argue that the imported workers often require retraining and lack the necessary understanding of critical roles, especially in high-stakes environments like healthcare. The dedication and expertise of existing IT teams are irreplaceable, as their work directly impacts lives, highlighting the importance of having qualified personnel who understand the urgency of their responsibilities.

Big changes are coming to the h one b visa that has swamped America with millions of low wage programmers. The administration now plans to return the program to its original purpose of bringing in top talent rather than running coding sweatshops that replace Americans. h one b was introduced in 1990 to bring top talent in engineering technology and medicine. The original salary cut off was $60,000, which in 1990 was about twice the salary of an entry level programmer. If adjusted for inflation, the minimum h one b today would be a 139,000. The initial cap was 65,000; it grew to 85,000, plus unlimited exemptions for universities, nonprofits, and government. It's 730,000 h one b's, about one in eight tech jobs. After years, h one b's can be converted into green cards; one estimate: 1.5 to 2,000,000 h one b's. That's roughly 3,000,000 people on the h one b gravy train, including roughly a million and a half tech workers, which is about one quarter of all tech jobs.

Well, considering the fact that America is responsible for re for roughly one fifth absorbing, one fifth of India's oil exports, the blow to Indian companies is going to be substantial. In total, India exports roughly $87,000,000,000 worth of merchandise to The US, and that number is expected to fall by about 30 to 40% in just a few months once these 50% tariffs take full effect, which was which is likely to be, in the next day or so. So what we are looking at is an impact on the businesses itself, which are currently concerned about their US, customers canceling orders already or their shipments being, shipments being sent to The US now attracting higher prices than they would have when they had left India.

Protecting American jobs was a key theme of Donald Trump's campaign, particularly targeting the H-1B visa program, which allows companies to hire skilled foreign workers. Many businesses misuse this program, replacing American workers with cheaper foreign labor. Robert Harrison, an IT engineer at UCSF Medical Center, was informed he would lose his job and must train his replacement from India. This situation has led to protests by affected workers, who feel humiliated and betrayed. Critics argue that the H-1B program has been exploited, with companies prioritizing cost savings over American jobs. Former congressman Bruce Morrison expressed outrage over the program's misuse, emphasizing that it was intended to protect American workers. As companies increasingly outsource jobs, many American workers are left feeling vulnerable and devalued.

A large tariff will be placed on chips and semiconductors. However, companies like Apple that are building or have committed to build in the United States will not be charged the tariff.

The H-1B visa program allows foreign nationals to work temporarily in the U.S. for over 30 years, but it is now facing issues of abuse and fraud. The U.S. immigration agency has raised concerns about the lottery system, noting that some companies are submitting multiple applications for the same candidates, increasing their chances unfairly. This year saw 780,884 applicants, a 61% rise from last year, indicating potential manipulation. There have also been instances where employers submitted applications for unqualified workers. Suggestions for reform include replacing the lottery with a system prioritizing in-demand skills and enforcing stricter penalties for employers who violate program rules.

President Trump threatened Apple with 25% duties on iPhones made overseas, stating on Truth Social that he expects iPhones to be manufactured in the United States, not India or elsewhere. Trump clarified in a press conference that the tariffs would also apply to Samsung and any other company that makes that product to ensure fairness. He anticipates these measures will be appropriately implemented by June.

Eliminating per country quotas could lead to an immigration system favoring India. John Miano, a former computer scientist turned lawyer, is suing the Department of Homeland Security on behalf of laid-off IT workers from Southern California Edison. He claims these workers, along with others from companies like Disney and UCSF, were replaced by foreign H-1B workers. Miano highlights that H-4 EAD holders can work freely, increasing competition for American workers, while H-1B visa holders are restricted to specific employers. He argues that prioritizing American workers is essential in the current job market.

Lawn maintenance costs are set to rise significantly because 90% of workers in this industry are from Mexico. Stephen Miller, appointed by Trump for mass deportations, plans to target these workers, including naturalized citizens. American families are reluctant to let their young adults take on lawn maintenance jobs, leading to a shortage of available labor. As a result, finding lawn care services will become more difficult, and prices may double or triple. This labor shortage will also impact other sectors, including food supply and construction, as there aren't many Americans willing to take on physically demanding jobs like hauling cement.

Attacking the H-1B visa program aligned with Trump's message and resonated with public frustration towards the corporate and political elite. It's shocking to be laid off and then required to train your replacements to receive severance pay. This situation feels particularly demeaning.

The Trump administration linked higher tariffs to India's continued purchase of Russian oil, which Washington says funds Moscow's war in Ukraine. US-India trade talks have hit a deadlock over agriculture and dairy produce. Prime Minister Narendra Modi says he is not prepared to compromise on the interests of his farmers.

An order has been issued to prevent federal agencies from replacing American workers with foreign labor, particularly affecting contractors on H-1B visas. This decision follows concerns over the Tennessee Valley Authority (TVA) hiring foreign workers after laying off American employees. The president intervened by dismissing members of TVA's board and appointing new leadership. While some companies, especially in technology, argue they need skilled foreign workers due to a lack of qualified U.S. applicants, the administration emphasizes that the STEM pipeline is thriving. More American graduates are excelling in STEM fields than ever before, countering the notion that U.S. workers lack the necessary skills. The administration aims to support American workers and enhance their capabilities in the information age.

Revenues from the S&P 500 are 41% foreign-based, so multinational companies are scrambling due to tariffs. Nike stock is not doing well, and they won't increase consumer prices by 25% to stay competitive, as that would hurt sales and plummet their stock. Instead, they will absorb tariffs and bring manufacturing back to the U.S. Ford and Toyota are already doing this. Ford is offering employee pricing, and Toyota is running a campaign to highlight cars made in the U.S. Countries where corporations are based don't want them to move. The only way to hurt a mega-corporation is to hit them in the pocket. Smart companies like Microsoft, Apple, Toyota, and Honda have already moved to the U.S. Hyundai invested in a U.S. plant during Trump's first term. The stock market reflects the "punch to the gut" for corporations operating abroad but registered in the U.S. These companies must return to the U.S. or risk pricing themselves out of the market.

The discussion argues that India is paying a price for being a US ally. It claims that, not long ago, Trump imposed about a 50% tariff on India and attempted to dictate which energy India could buy or sell from Russia. Later, the US reversed this after needing oil prices to go lower, un-sanctioning Russian oil that India was purchasing. The speaker says that Modi or other Indian leaders would be frustrated by trying to ally with the United States. The conversation then focuses on fertilizer and food costs. The speaker states that the Indian government subsidizes fertilizer costs for farmers to keep end prices low. They claim that Israel is effectively cost-shifting by ensuring the war continues and sabotages peace deals, creating an ongoing need to subsidize higher fertilizer prices to prevent starvation. The response agrees that India will face fertilizer shortages and that subsidies may not cover total costs, so the Indian government will bear a huge expense that ultimately comes out of ordinary people’s pockets. The speaker adds that rising oil costs and shortages of diesel and LNG are worsening the situation. The transcript also reports survey-based claims: according to polls shared by Indian colleagues, most Indians oppose Trump and have become critical of the Israeli regime compared to a year ago. The speakers say this is likely to get worse as fertilizer shortages continue into 2027. One speaker, identifying as a food scientist running a food laboratory, says their published projections show some level of famine in marginalized countries including Bangladesh and Yemen, and potentially India, with Somalia and Egypt also affected. The speakers then discuss whether countries will blame political leaders. They say it is already happening that global public opinion has turned against the Israeli regime, and that as economic conditions deteriorate, anger and hostility will increasingly target the Israeli regime and the United States, since Trump is US president and the economic effects reflect broadly on the country. Finally, they argue the US is paying a heavy price militarily and economically and that its international reputation is being damaged due to the war. They reference the resignation of Joe Kent, the Trump-appointed counter-terrorism chief, who resigned at the beginning of the war; the resignation letter is described as stating that Iran was not developing a nuclear weapon, not a threat to the US, and that the war is about the Israeli/Zionist regime rather than something carried out for the American people. They conclude that as things worsen in the US, people will blame Trump, Netanyahu, and the Zionist lobby, and that the war’s costs and ongoing genocide are driving hostility worldwide.

Infosys will pay $34 million to settle visa fraud charges, marking the largest fine of its kind in U.S. history. The company, a major software exporter with 30,000 U.S. employees, faced allegations of systemic fraud that displaced American workers. Whistleblower Jay Palmer revealed that Infosys brought in Indian workers under false pretenses, claiming they had unique expertise or were only attending meetings. Internal documents suggested employees were instructed to deceive immigration officials. Palmer stated that some workers required training from the very Americans whose jobs they took. Infosys denied intentional wrongdoing but faces scrutiny over whether this fine is merely a cost of doing business. The upcoming announcement will shed light on the potential consequences for the company.

The fallout with India will cause repercussions for America. It will push India away from America, strengthening the Eastern bloc of Russia, China, India, and the rest of the world under BRICS. Dedollarization will become a reality.

Protecting American jobs was a key theme of Trump's campaign, particularly regarding the H-1B visa program, which allows companies to hire skilled foreign workers. Many businesses exploit loopholes to replace American workers with cheaper foreign labor, often requiring those workers to train their replacements. Robert Harrison, a telecom engineer, faced job loss and was asked to train his replacement from India, leading to protests among affected workers. Critics argue that the program, initially intended to protect American jobs, has been misused for corporate profit. Former Congressman Bruce Morrison expressed outrage over the program's exploitation. Workers like Craig D'Angelo and Leo Pereiro shared their experiences of being replaced despite their skills, highlighting the emotional toll of such practices. The situation reflects broader issues of corporate greed and the need for job protection for American workers.