What Trump’s India Tariffs Mean for Global Trade

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  President Trump wants to quickly replace Fed Governor Lisa Cook.

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  We'll look at the candidates he's considering.

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  Plus, as punishing tariffs on Indian goods come into effect,

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  we discuss what that means for businesses.

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  What's particularly concerning for India is that even

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  though the US has perhaps about 20% of overall exports out of India,

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  a lot of those exports are focused in areas that are kind of labor intensive.

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  One estimate is the exports to the US drop by 30 or 40 billion dollars,

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  and that's going to be a big hit to India.

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  And how bad is Trump's rollback of green subsidies for the renewables industry?

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  columnist's take might surprise you.

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  It's Wednesday, August the 27th.

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  I'm Azhar Sukri for The Wall Street Journal.

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  Here is the AM edition of What's News,

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  the top headlines and business stories moving your world today.

• 00:55

  We report that President Trump has told advisers he wants to move quickly to announce a nominee to replace Lisa Cook,

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  the Fed governor he's trying to oust.

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  Trump told reporters yesterday that he's thinking of tapping Stephen Myron,

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  a close economic adviser.

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  He's already nominated him to fill a different seat on the Fed's board,

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