Tuesday, August 12, 2025
May happen at UNGA.
"From McDonald's and Coca Cola to Amazon and Apple, US-based multinationals are facing calls for a boycott in India as business executives and Prime Minister Narendra Modi's supporters stoke anti-American sentiment to protest against US tariffs." Reuters. Not just Amazon. In 2018, "Global retail giant Walmart has paid $16 billion for a majority stake in Flipkart, India's biggest online retailer, making this the world's largest ever e-commerce acquisition." BBC. Thousands of people will be laid off if Indians stopped using their services. "Fast food restaurant chain KFC has launched a sign language training program for its employees in India," and "The training is mandatory for all KFC employees in the country, including those working in the company's corporate offices." ET. Google and Meta's WhatsApp and Facebook are free. Do any of India's executives, who award themselves eye-watering salaries, (Mint) ever think of how to improve the products and services they dump on fellow Indians? If they did, India would not have to import $113.45 billion worth of merchandise from China in 2024-25, while exporting a paltry $14.25, for a trade deficit of $99.2 billion." HT. That's why they are in sync with Bhakts (devotees) (DH), who live in a deluded world of alternate reality. "The Production Linked Incentive (PLI) scheme, launched in 2020 with Rs 1.9 trillion in incentives for 14 sectors, was designed to build domestic manufacturing capacity." "Yet manufacturing's share of GDP is now below 14%, lower than when 'Make in India' began." "India still imports over 70% of the active pharmaceutical ingredients (API) used in its generic drug industry from China, despite targeted PLI schemes." India Today. "Nearly 100,000 diamond cutting and polishing workers in Gujarat's Saurashtra region have lost their jobs since the United States imposed a 10% baseline tariff in April." TOI. If just 10% is so devastating, what will 50% do? "US President Donald Trump has issued an executive order hitting India with an additional 25% tariff over its purchases of Russian oil. That will raise the total tariff on Indian imports to the US to 50% - among the highest rates imposed by the US." BBC. Why? "In the weeks after India and Pakistan agreed a ceasefire in May, New Delhi has been miffed at Donald Trump's claims that he had brokered an end to the four-day conflict." "The tensions peaked during a June 17 phone call between Trump and PM Modi, held after Trump left the G7 summit in Canada early and skipped a meeting with the Indian leader." BT. June was too early. Mr Modi will turn 75 years old on 17 September (wikipedia) at which point he should step down, as per a reminder from Mr Mohan Bhagwat, Chief of the RSS which is closely allied to Mr Modi's party, the BJP (HT). However, Mr Modi is to attend the UN General Assembly, (UNGA) which is taking place from 9-23 September in New York where he will run into Trump (Mint). There we may expect all problems to be sorted out, followed by a triumphant return with demented Bhakts in tears of gratitude, begging him to stay forever. That's what friends are for. Yo-yo tariffs when in need.
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