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Summary:The post asserts a long-standing, one-sided trade relationship between the U.S. and India, claiming India benefits greatly from U.S. purchases while U.S. businesses are hindered by India's high tariffs. It also states India primarily purchases oil and military products from Russia. The post concludes by noting India's recent offer to eliminate tariffs, but characterizes the timing as delayed.
Sentiment:Vindicative
Key Claims:
- The U.S. conducts very little business with India, while India conducts a tremendous amount of business with the U.S.
- India sells massive amounts of goods to the U.S., making the U.S. India's biggest 'client'.
- The trade relationship has been entirely one-sided for many decades.
- India has historically charged the highest tariffs of any country, preventing U.S. businesses from selling into India.
- India buys most of its oil and military products from Russia, with very little coming from the U.S.
- India has now offered to cut its tariffs to nothing.
- India's offer to cut tariffs is 'getting late' and should have occurred years ago.
Potential Market Impact (S&P 500):4/10
Potential Geopolitical Risk:1/10
Potential Global Cross-Asset Impact:3/10
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