India is just like the archery target for USA leaders now, all jumping into the fray to see who can come up with the best demonization move to upset the Indians. Scott Bessent has taken his pot shot, with Peter Navaro following fast, calling India the laundry mat of Russia. Funny that Navaro has forgotten to demonize so many other countries that are now the laundry mat of the USA, such as Japan, South Korea, Philippines, Taiwan and the EU. These laundry mats are even willing to sacrifice themselves for the interest of the USA. At least India is not sacrificing itself for Russia, rather only making hay while the sun shines, buying its cheap oil to make money from USA laundry mats, which is what Navaro is obviously unhappy about. India is a competitor for energy exports to the EU, more so by selling cheap Russian oil under the table and making huge profits, which is a slap on the face of the USA.
If India is still negotiating with the USA, one thing certain is that the 50% tariff will be reduced somewhat, all a ploy employed by Trump in his 'Art of the Deal' to bring India back on track hopefully. This is where the danger lies for Russia and China. Never trust a snake, especially with a bigger snake behind pulling the strings.
Anonymous
2 comments:
India's two-way trade with the USA is quite small, just about US$120 billion, with exports to USA a mere US$86 billion. That is just 2.15% of India's GDP and eliminating all that is not going to collapse India.
Little wonder that Scott Bessant is trying to downplay the importance of India, calling India just not important for the USA to bother with. The importance of India's export to USA is in the pharmaceutical sector that will have a significant bearing on drug production in the USA. And this is going to affect what USA consumers have to pay for drugs when tariffs kick in. Right now, USA healthcare is beyond the reach of those without insurance, so go figure it out in the coming months.
Hi Anon 10.33
That's right! Without India's Pharmaceutical medications of cheap low cost generic for the Americunts Without insurance and Medicare they be Dead by the millions soon.
Insulin and other emergency drugs.
Dotard is just playing tough thought can bully India and think they be running to kiss his arse and then wah feel mighty and powerful.
Now he kept calling Moody and that Moody no mood to talk to him.
Now if there is really an epidemic or pandemic on, Doatrd Tramp shall be crawling all over to beg for ventilators and other emergency medicines.
Hope so!
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