India-US relations: News and Discussions IV

[Cyrano]

Nearly every indian Govt PC runs on windows and office 365, including armed forces. Every mobile runs on Android and iOS. Not sure what such a knee jerk reaction will achieve.

[Yayavar]

Many many moons ago Wipro and the like attempted office software. No one bought them. We saw that koo went bankrupt even though it was a very functional alternative. There will be the mindset hurdle beyond developing the software and infrastructure. It needs concerted effort and time.

[suryag]

Koo is perhaps not the best example - they were massive execution and scaling issues

https://swarajyamag.com/technology/why- ... ped-kooing

As far as Wipro goes, Sridhar Vembu's Zoho's office tools is being a good competitor to google office tools

[Vayutuvan]

Per figures of the American government:
https://apps.bea.gov/international/fact ... t.html#612

Services trade, 2024:
US exports to India: $40,264 millons
US imports from India: $40,749 millions

Yes, I am surprised by these numbers, how close to balance it is.
I have not been able to locate a dataset showing India's imports and exports in services by country for 2024.

Added: if we use Trump's formula for goods tariffs, the trade imbalance would result in a tariff of 0.6%, and so would be subject to whatever blanker tariff that Trump imposes, which was 10% in the case of goods.

Either India can import a little more from the US or decrease the exports to balance exactly. Then impose 0% tariffs India gets reciprocal 0% tariffs.

[uddu]

Product should be made for Global competition. Koo was a bold attempt. They were trying to concentrate on Indian users with Indian customization thereby limiting their reach among global audience. Also they marketed as a competitor to Twitter rather than as a new product. Indian ecosystem which has not banned foreign social media apps like China, will find it tough to create Social media apps catering to only Indian audience as most Indians have global outlook and use products that give them that global news and reach.
Zoho got variety of products and they are global
https://www.zoho.com/all-products.html? ... e&src=home

[williams]

All the large IT companies had the opportunity to build consumer product like the office, 15 years back. But they were risk averse and continued to make money on outsourcing IT talent and not diversifying into building mass consumable software products. Today it is quite impossible to compete with the Microsofts and the Googles who took the risk shelling out the sunk cost to capture the market share. It is one thing to have the talent and it is entirely a different thing to actually create products with worldwide marketshare. For that to happen we need to reform our whole commercial ecosystem that can allow risky innovation in massive scale. Hopefully we can build such an ecosystem to not miss the lucrative AI software market that is going to dominate the world for the next 15 years.

[A_Gupta]

https://www.newindianexpress.com/busine ... ort-duties

A few days old, but I did not see it discussed here.

Ahead of the 2 April deadline for implementing reciprocal tariff, the Office of the United States Trade Representative (USTR) has raised concerns over India’s trade and investment policies in its 2025 National Trade Estimate (NTE) Report on Foreign Trade Barriers. The report, which was released on 31 March 2025, cites high tariffs, restrictive digital trade rules, weak intellectual property (IP) enforcement, and unfair procurement practices as key obstacles for U.S. businesses.
....
....
The report raises concerns over India’s quality control measures, which the U.S. views as trade barriers. India has made Bureau of Indian Standards (BIS) certifications mandatory across several sectors, including chemicals, medical devices, batteries, electronics, food, and textiles. Additionally, India’s requirement for in-country security testing for 175 telecommunications products has drawn criticism from U.S. industry stakeholders.
....
....
"Make in India" Policies

The report highlights India's domestic preference policies, which favor local suppliers by offering price preferences of up to 20% for domestic bidders and mandating local content in infrastructure projects.

Data Localisation

The USTR also flags India’s Digital Personal Data Protection Act (DPDPA) for restricting cross-border data transfers and mandating data localization. The report warns that sector-specific regulations could impose even stricter localization requirements.
....

[A_Gupta]

The US Trade Representative's report can be read here:
(US govt website, PDF document)
https://ustr.gov/sites/default/files/fi ... 025NTE.pdf

One section:

India’s average Most-Favored-Nation (MFN) applied tariff rate was 17.0 percent in 2023 (latest data available), which was the highest of any major world economy, with an average applied tariff rate of 13.5 percent for non-agricultural goods and 39.0 percent for agricultural goods.

India maintains high applied tariffs on a wide range of goods, including vegetable oils (as high as 45 percent); apples, corn, and motorcycles (50 percent); automobiles and flowers (60 percent); natural rubber (70 percent); coffee, raisins, and walnuts (100 percent); and alcoholic beverages (150 percent). In addition, India maintains very high basic customs duties (in some cases exceeding 20 percent) on drug formulations, including life-saving drugs and finished medicines listed on the World Health Organization’s list of essential medicines. High tariff rates also present a significant barrier to trade in other agricultural goods and processed foods (e.g., poultry, potatoes, citrus, almonds, pecans, apples, grapes, canned peaches, chocolate, cookies, frozen french fries, and other prepared foods used in fast-food restaurants).

India’s World Trade Organization (WTO) bound tariff rates on agricultural products are among the highest in the world, averaging 113.1 percent and ranging as high as 300.0 percent. Given the large disparity between WTO bound and applied rates, India has considerable flexibility to change tariff rates for both agricultural and non-agricultural products at any time, creating tremendous uncertainty for U.S. workers, farmers, ranchers, and exporters. The Government of India took advantage of this tariff flexibility in the 2019/2020 budget by increasing tariffs without any notice or public consultation process on approximately 70 product categories, including those covering key U.S. exports in the agricultural, information and communication technology, medical devices, paper products, chemicals, and automotive parts sectors. In its 2020/2021 budget, India further raised tariffs for 31 product categories, including solar inverters and solar lanterns. In its 2021/2022 budget, India further raised tariff rates on imported headphones, loudspeakers, and smart meters used by power distribution companies. In addition, starting in 2014, India has repeatedly applied tariffs on certain telecommunications equipment, including network switches, that appear to be above its WTO bound commitments to provide duty-free treatment.

In June 2019, following the U.S. withdrawal of India’s preferential tariff benefits under the unilateral Generalized System of Preferences (GSP) program due to India’s failure to comply with the program’s eligibility criteria, India implemented retaliatory tariffs ranging from 1.7 percent to 20 percent on 28 different products imported from the United States, including almonds, apples, walnuts, chickpeas, lentils, phosphoric acid, boric acid, diagnostic regents, binders for foundry molds, select steel and aluminum products, and threaded nuts. While the decision to implement these tariffs followed the U.S. withdrawal of India’s GSP benefits, India had originally announced the intention to adopt the tariffs in June 2018 in retaliation against the U.S. decision to implement tariffs on U.S. imports of steel and aluminum products under Section 232 of the Trade Expansion Act of 1962, as amended (19 U.S.C. § 1862). In July 2019, the United States launched a WTO dispute settlement proceeding against India challenging the retaliatory tariffs. In June 2023, in the course of discussions related to the termination of six outstanding WTO dispute settlement proceedings between the United States and India, India agreed to rescind certain retaliatory tariffs on the following U.S. origin products: chickpeas, lentils, almonds, walnuts, apples, boric acid, and diagnostic reagents. The dispute related to India’s retaliatory tariffs was terminated in July 2023. India’s Ministry of Finance published a customs notification rescinding the duties effective September 2023. The United States continues to urge India to participate in multilateral efforts to address the problem of global non-market excess capacity in the steel and aluminum sectors.

Taxes
Since 2018, India has applied a 10 percent surcharge on imports, which is assessed on the value of other duties rather than the customs value of the imported product. Certain products are exempted from the surcharge pursuant to official customs notifications. India routinely changes the surcharge on a range of agricultural products

[A_Gupta]

Dairy Products

India imposes onerous requirements on dairy imports. India requires that dairy products intended for food be derived from animals that have not consumed feeds containing internal organs, blood meal, or tissues of ruminant or porcine origin and that exporting countries certify to these conditions, which lack a discernable animal health or human health justification. This requirement, along with the recent dairy health certificate requirements, new facility registration requirements, and high tariff rates, continues to hamper market access for U.S. milk and dairy product exports to India, one of the largest dairy markets in the world. The U.S. Government continues to press the Indian Government, including through the TPF, to provide greater access to the Indian dairy market.

The emphasis I added because it is bullshit. The world went through a round of mad-cow disease, did it not?

[gakakkad]

^ good luck sharing shitty American dairy products in India. What can they even sell? American cheese is barely cheese . Maybe powdered milk and chocolate?

[vera_k]

Caused me to take a look at USDA Organic requirements, thinking that would qualify for export to India. However, it permits fishmeal to be fed to cattle.

USDA Organic Dairy Guidelines

Can see why people are switching away from dairy to plant origin food.

[gakakkad]

^ I developed dairy intolerance in the US . When I go back to India or go to Europe I have no issue at all . I barely drink any milk anymore and cheese which I ll only buy European made ones .

[Cyrano]

Same for many members of my family based in USA

[sanjaykumar]

Lactose intolerance is not remarkable. But regaining ability to be tolerant is.

If this is really true, it needs to be investigated. It may be patentable as well.

[vera_k]

There is A2 milk, that is advertised as being easier to digest. That may explain some of the digestion issues.

[Yayavar]

There is A2 milk, that is advertised as being easier to digest. That may explain some of the digestion issues.

Desi and African and jersey cows/buffalos give A2 milk. Unsure why A1 is prominent in USA - it is natural too but a diff mutation.

[Cyrano]

I was just thinking, all this panic about Trump tariffs is based on the assumption that for many countries in the world, exports to US are a critical part of their economic activity and there is no alternative to the US market. This could very well be the case for China, Vietnam etc.

What if a country like India reduced tariffs on US mfg products in some categories? Let's say Harley Davidson motorcycles. It doesn't mean our Hero, Bajaj, Enfield will go bankrupt. After decades of shipping out MFG, the US today is in no position to produce innovative products at competitive price points. Plus the market for HD or Lincoln or whatever else the US hopes to sell to the average indian consumer (and not to the indian Govt) is simply insignificant.

Moreover, what prevents tariff hit countries to reduce their dependence on the US market in the medium term and focus on other markets?

Perhaps the cash awash US consumers have been easy targets to sell to and have made many exporter countries lazy to look at other markets. If they get more active and reroute their production to other countries - which will be a bit painful in the short term but not impossible, then basically they are weaning off the $ printing press fuelled American economy.

Of course some sectors like agriculture are non negotiable for India given our population and economic profile. But for some other sectors just lowering trade tariffs on US imports to placate Trump may not really have an impact since indian consumer is highly price/value conscious and US is years away from making such products.

What do you guys think?

[gakakkad]

Lactose intolerance is not remarkable. But regaining ability to be tolerant is.

If this is really true, it needs to be investigated. It may be patentable as well.

Not entirely sure it's lactose intolerance. Don't feel any better with lactose free milks or lactase supplements.

A lot of European/other immigrant patients mention the same to me .

[Cyrano]

And Trumpwa wants India to import genetically modified Agri and diary products from US. LoL !

gakakkad Ji, did you try desi dahi/curd/buttermilk? I've progressively shifted to 90% south Indian (mostly rice based) home made vegetarian diet heavy in a wide variety of vegetables and spices, some raw nuts, buttermilk/curd, occasionally eggs, fish, chicken (not more than 1 or max 2 servings a week). Cooking exclusively with olive oil or ground nut oil, home made ghee or butter as per recipe. Stop eating with 75% stomach full. 2 meals a day, breakfast optional. No snacking. Feeling much better.

[saip]

Side effects of metformin - used to treat diabetes - is diarrhea which is also the side effect of lactose intolerance. But medical literature is silent on that. I am diabetic and used metformin. I became lactose intolerant and can only drink lactose free milk. Initially when I was in India I was not affected. But nowadays in India too I am affected. I am able to buy Amul’s lactose free milk in India during my last visit.

[A_Gupta]

Assuming the 2024 trade numbers, to qualify for the blanket 10% tariff applied on everyone, India would have to increase imports from the US by $28 billion.

India’s LNG imports are $12.9 billion a year. I would not recommend relying on a single supplier like the US.

India’s petroleum imports are $157 billion per year. If the US can supply more, perhaps India can import more from the US.

[Vayutuvan]

Since Tariffs are being discussed (unfortunately in every thread along with bringing in one's partisanship and confirmation bias), this wikipedia page might be of some use to keep threads clean with no emotional outbursts and smarmy snide comments.

https://en.wikipedia.org/wiki/Tariff

https://en.wikipedia.org/wiki/Tariff#Ar ... ng_tariffs

Protection against dumping
States resorting to protectionism invoke unfair competition or dumping practices:

Monetary manipulation: a currency undergoes a devaluation when monetary authorities decide to intervene in the foreign exchange market to lower the value of the currency against other currencies. This makes local products more competitive and imported products more expensive (Marshall Lerner Condition), increasing exports and decreasing imports, and thus improving the trade balance. Countries with a weak currency cause trade imbalances: they have large external surpluses while their competitors have large deficits.[citation needed] For example, in 2010, Paul Krugman wrote that China pursues a mercantilist and predatory policy, i.e., it keeps its currency undervalued to accumulate trade surpluses by using capital flow controls. The Chinese government sells renminbi and buys foreign currency to keep the renminbi low, giving the Chinese manufacturing sector a cost advantage over its competitors. China's surpluses drain US demand and slow economic recovery in other countries with which China trades. Krugman writes: "This is the most distorted exchange rate policy any great nation has ever followed". He notes that an undervalued renminbi is tantamount to imposing high tariffs or providing export subsidies. A cheaper currency improves employment and competitiveness because it makes imports more expensive while making domestic products more attractive.[49]

Tax dumping: some tax haven states have lower corporate and personal tax rates.[citation needed]

Social dumping: when a state reduces social contributions or maintains very low social standards. For example, in several U.S. states, labor regulations are considerably lax and the laws that do exist are barely enforced (if at all). Thus employers can force vulnerable, migrant children into factory work for a fraction of the cost of legal adult labor. These children are often injured or killed.[50]

Environmental dumping: when environmental regulations are less stringent than elsewhere. For example, the European Union starts its carbon border-adjustment mechanism in 2026 to even the playing field with firms not subject to European carbon pricing.

Protection of infant or ageing industries

According to the economists in favour of protecting industries, free trade would condemn developing countries to being nothing more than exporters of raw materials and importers of manufactured goods. The application of the theory of comparative advantage would lead them to specialise in the production of raw materials and extractive products and prevent them from acquiring an industrial base. Protection of infant industries (e.g., through tariffs on imported products) may be needed for some developing countries to industrialise and escape their dependence on the production of raw materials.[21][51]

Economist Ha-Joon Chang argued in 2001 that most of today's developed countries have developed through policies that are the opposite of free trade and laissez-faire such as interventionist trade and industrial policies to promote and protect infant industries. In his view, Britain and the United States have not reached the top of the global economic hierarchy by adopting free trade. As for the East Asian countries, he argues that the longest periods of rapid growth in these countries do not coincide with extended phases of free trade, but rather with phases of industrial protection and promotion. He believes infant industry protection policy has generated much better growth performance in the developing world than free trade policies since the 1980s.[21][undue weight? – discuss]

In the second half of the 20th century, Nicholas Kaldor takes up similar arguments to allow the conversion of ageing industries.[52] In this case, the aim was to save an activity threatened with extinction by external competition and to safeguard jobs. Protectionism must enable ageing companies to regain their competitiveness in the medium term and, for activities that are due to disappear, it allows the conversion of these activities and jobs.

Free trade and poverty
In an op-ed article for The Guardian (UK), Ha-Joon Chang argues that economic downturns in Africa are the result of free trade policies,[53][54] and elsewhere attributes successes in some African countries such as Ethiopia and Rwanda to their abandonment of free trade and adoption of a "developmental state model".[54]

Some commentators argue that poor countries and regions that have succeeded in achieving strong and sustainable growth are those that have become mercantilists, not free traders: China, South Korea, Japan, Taiwan.[55][56][57][58]

The 'dumping' policies of some countries have also largely affected developing countries. Studies on the effects of free trade show that the gains induced by WTO rules for developing countries are very small.[59] This has reduced the gain for these countries from an estimated $539 billion in the 2003 LINKAGE model[further explanation needed] to $22 billion in the 2005 GTAP model. The 2005 LINKAGE version also reduced gains to 90 billion.[59] As for the "Doha Round", it would have brought in only $4 billion to developing countries (including China...) according to the GTAP model.[59] However, it has been argued that the models used are actually designed to maximise the positive effects of trade liberalisation, that they are characterised by the absence of taking into account the loss of income caused by the end of tariff barriers.[60]

Trade deficits
The notion that bilateral trade deficits are per se detrimental to the respective national economies is overwhelmingly rejected by trade experts and economists.[61][62][63][64]

https://en.wikipedia.org/wiki/Tariff#Ar ... st_tariffs

Basic economic analysis

Effects of import tariff, which hurts domestic consumers more than domestic producers are helped. Higher prices and lower quantities reduce consumer surplus by areas A+B+C+D, while expanding producer surplus by A and government revenue by C. Areas B and D are dead-weight losses, surplus lost by consumers and overall.[65] For a more detailed analysis of this diagram, see Free trade#Economics.
Economic analyses of tariffs generally find that tariffs distort the free market and increase prices of both foreign and domestic products. The welfare effects of tariffs on an importing country are usually negative, even if other countries do not retaliate, as the loss of foreign competition drives up prices for domestic goods by the amount of the tariff.[66] The diagrams at right show the costs and benefits of imposing a tariff on a good in the domestic economy under the standard model of tariffs in a competitive economy.[65] Because of its importance, simplicity, and widespread applicability, this microeconomic model of tariffs is usually taught in introductory (first-year) microeconomics courses.

Imposing an import tariff has the following effects, shown in the first diagram in a hypothetical domestic market for televisions:
...

Optimal tariff
For economic efficiency, free trade is often the best policy, however levying a tariff is sometimes second best.

A tariff is called an optimal tariff if it is set to maximise the welfare of the country imposing the tariff.[73] It is a tariff derived by the intersection between the trade indifference curve of that country and the offer curve of another country. In this case, the welfare of the other country grows worse simultaneously, thus the policy is a kind of beggar thy neighbor policy. If the offer curve of the other country is a line through the origin point, the original country is in the condition of a small country, so any tariff worsens the welfare of the original country.[74][75]

It is possible to levy a tariff as a political policy choice, and to consider a theoretical optimum tariff rate.[76] However, imposing an optimal tariff will often lead to the foreign country increasing their tariffs as well, leading to a loss of welfare in both countries. When countries impose tariffs on each other, they will reach a position off the contract curve, meaning that both countries' welfare could be increased by reducing tariffs.[77]

[Vayutuvan]

I know it is difficult to be unemotional when one's nest egg and life earnings are taking a beating. If one cannot participate unemotionally, then is too much to ask to not participate in the forum instead of blindly hitting out at anybody and everybody who is trying to be somewhat objective?

[chanakyaa]

I was just thinking, all this panic about Trump tariffs is based on the assumption that for many countries in the world, exports to US are a critical part of their economic activity and there is no alternative to the US market. This could very well be the case for China, Vietnam etc.

…
Moreover, what prevents tariff hit countries to reduce their dependence on the US market in the medium term and focus on other markets?
…

Answer to your Q is “Nothing prevents from seeking other markets....”, but USD imbalance becomes a key issue when countries look for other markets for the lost/reduced trade with US. And, this is where the $$-based international trade crafting comes in. For a simple example, In 2023, Malaysia exported $12.3 billion of products to India, while India exported $6.9 billion to Malaysia. This means that India has $5.4 billion trade deficit with Malaysia. This trade in itself requires India to use its $$ reserves to pay for higher imports (worth $5.4 billion) from Malaysia, unless it can achieve trade surplus with other countries. Back to your question, if the trade with US comes down, it would indirectly mean that India and Malaysia need to trade more. At this point you have two scenarios — either (1) India and Malaysia have no trade surplus or deficit (means exports or imports match), or (2) they have either a trade surplus or deficit, which must be balanced with trade some other country. This problem can be addressed to some extent by settling trade in national currencies, but it can only minimize the problem not completely eliminate it. Taking this a step further, if countries decide to trade without surplus or deficit, you can see how this can be a problem for commodity rich countries (e.g., Kuwait) with smaller population.

[uddu]

https://x.com/ShamikaRavi/status/1909138982241275977
India's largest goods exports are to the US (17.57%)
and these are the items:
(GTA data, 2023)


Sectors most affected will be Natural, cultured pearls. Electrical Machinery, Pharmaceutical product, Machinery and Mechanical. The others are in the 3 percent range. Could be substantial if the companies have not diversified their markets away from U.S.

https://tradingeconomics.com/united-sta ... orts/china
Electrical, electronic equipment $127.06B 2024
Machinery, nuclear reactors, boilers $85.13B 2024
Toys, games, sports requisites $32.04B 2024
Plastics $21.53B 2024
Furniture, lighting signs, prefabricated buildings

These are top imports to the U.S from China. Electrical Machinery, Machinery and Mechanical could benefit from higher tariff on China.
Great opportunity exist for Toys export to U.S from India. Similarly Furniture, lighting signs, prefabricated buildings.

[ernest]

https://x.com/ShamikaRavi/status/1909138982241275977
India's largest goods exports are to the US (17.57%)
and these are the items:
(GTA data, 2023)

..

https://tradingeconomics.com/united-sta ... orts/china
Electrical, electronic equipment $127.06B 2024
Machinery, nuclear reactors, boilers $85.13B 2024
Toys, games, sports requisites $32.04B 2024
Plastics $21.53B 2024
Furniture, lighting signs, prefabricated buildings

These are top imports to the U.S from China. Electrical Machinery, Machinery and Mechanical could benefit from higher tariff on China.
Great opportunity exist for Toys export to U.S from India. Similarly Furniture, lighting signs, prefabricated buildings.

I believe India has been gaining market share for toys at China's expense for the past couple of years. Common to see Made in India toys in your local Walmart.

Qn> what is the country next to US in the graph? ARE? Don't tell me it is Armenia

[Tanaji]

Looks like pharma is next for Trump tariffs:

https://www.reuters.com/world/us/trump- ... 025-04-09/

Which is going to be interesting as it will hit India hard.

[uddu]

I believe India has been gaining market share for toys at China's expense for the past couple of years. Common to see Made in India toys in your local Walmart.
Qn> what is the country next to US in the graph? ARE? Don't tell me it is Armenia

ARE is UAE https://www.countrycode.org/
Toy industry ready to take advantage of high US tariffs on competitors like China, Vietnam
https://www.thehindubusinessline.com/ec ... 419563.ece
India's import bill for toys from China dropped from $214 million in FY13 to $41.6 million in FY24, leading to a decline in China's share in India's toy imports from 94 per cent in FY13 to 64 per cent in FY24, indicating India's competitiveness in the international toy market.

Top 10 Toy Manufacturers in India
https://www.businessoutreach.in/top-toy ... -in-india/
Funskool brand is owned by MRF.
A whopping 90% of this fragmented sector operates off the grid. Experts reckon the industry will balloon to $2-3 billion by 2024.

[uddu]

Tariffs could be a short lived phenomenon when most of the countries or blocks will come to terms with some agreement with U.S and eventually Tariffs for them will disappear. Trump is anticipating few major countries to fall so the rest will have no option but to follow.

[Cyrano]

I was just thinking, all this panic about Trump tariffs is based on the assumption that for many countries in the world, exports to US are a critical part of their economic activity and there is no alternative to the US market. This could very well be the case for China, Vietnam etc.

…
Moreover, what prevents tariff hit countries to reduce their dependence on the US market in the medium term and focus on other markets?
…

Answer to your Q is “Nothing prevents from seeking other markets....”, but USD imbalance becomes a key issue when countries look for other markets for the lost/reduced trade with US. And, this is where the $$-based international trade crafting comes in. For a simple example, In 2023, Malaysia exported $12.3 billion of products to India, while India exported $6.9 billion to Malaysia. This means that India has $5.4 billion trade deficit with Malaysia. This trade in itself requires India to use its $$ reserves to pay for higher imports (worth $5.4 billion) from Malaysia, unless it can achieve trade surplus with other countries. Back to your question, if the trade with US comes down, it would indirectly mean that India and Malaysia need to trade more. At this point you have two scenarios — either (1) India and Malaysia have no trade surplus or deficit (means exports or imports match), or (2) they have either a trade surplus or deficit, which must be balanced with trade some other country. This problem can be addressed to some extent by settling trade in national currencies, but it can only minimize the problem not completely eliminate it. Taking this a step further, if countries decide to trade without surplus or deficit, you can see how this can be a problem for commodity rich countries (e.g., Kuwait) with smaller population.

Agree saar, this new equilibrium will take months, perhaps couple of years to achieve. If Trump's gripe is trade imbalance then reducing exports to US and finding other markets will reduce US' trade deficit with exporting countries and eventually balance in some cases, and take away the basic justification for his tariffs blitzkrieg beyond the minimum 10%. What then?

Having said this, countries like China and other RCEP countries have huge production surpluses in their godowns that they have to sell to someone quickly else their cash flows will be hit and take many of their companies into bankruptcy. Similar effect for French wine growers or fashion houses.

[uddu]

The Chinese are making noise about standing together against U.S. They want to dump their products meant for the U.S in India.

[A_Gupta]

Even if India smooths out trade relations with the US, a global slowdown or recession will hit the demand for Indian exports in other countries. The general slump from COVID cut India’s exports by almost 7%. It remains to be seen how bad this global trade war gets.

[uddu]

“Kissing My A**” US President Donald Trump’s ‘absurd’ remark over trade deal


Which are these countries?

Subbu Garu saying that all the countries must realize that the global discourse on trade is changing

[Tanaji]

This is a circus…

All tariffs are on hold apart from baseline 10%. Tariff on China is 125% now.

Maybe this was a drama to make money by shorting.

[drnayar]

The Chinese are making noise about standing together against U.S. They want to dump their products meant for the U.S in India.

india should do exactly the opposite, this is a good opportunity in a fta deal with usa

[chetak]

The Chinese are making noise about standing together against U.S. They want to dump their products meant for the U.S in India.

india should do exactly the opposite, this is a good opportunity in a fta deal with usa

drnayar ji,


there are many other countries willing to play this game to help out their cheeni pals

It will come in via the beedis, lankans, maldives and myanmar in the first go, and some from dubai, via the pakis through Indian ports which is already a well established route for entry and exit of goods for the pakis

We need to shoot importers who bring in falsely declared cheeni maal as originating elsewhere.

our ASEAN pals are also into this game.

[vijayk]

Jeffrey Sachs tells India not to trust US

[Vayutuvan]

This is a circus…

All tariffs are on hold apart from baseline 10%. Tariff on China is 125% now.

Maybe this was a drama to make money by shorting.

Some billionaires bought back stocks in their own companies. Trump helping his buddies is a collateral benefit.

[sanjaykumar]

I’m with trump on this one. This is exactly the right way to negotiate. China has been an abusive mercantilist nation for decades.

They seem to think Americans disdain factory drudge work. Of course they do. Just as they do farm work, domestic help employment etc.

That is where immigration control comes in. America can give work permits for 5-10 years or even citizenship to have people from other countries do this type of work. People who pay taxes and stimulate domestic demand. I dare say Chinese will be eager to come over and continue the low skill labour in those very same factories relocated in the US.

[Vayutuvan]

They seem to think Americans disdain factory drudge work. Of course they do. Just as they do farm work, domestic help employment etc.

Not quite. I will give a personal experience anecdotal data point from Midwest (American that is). In Understanding the US thread. It has happened over the past two weeks.

It is a topsy turvy world we are living in. DEITY supporting DEI democrats even though their children get a raw deal at Ivy leagues and hidden ivys.