Indien zuckt nicht zuckend: Warum Trump möglicherweise das Tarifspielbuch Indiens falsch versteht
https://www.cnbc.com/2025/08/07/india-isnt-flinching-why-trump-might-be-misreading-indias-tariff-playbook.html
Indien zuckt nicht zuckend: Warum Trump möglicherweise das Tarifspielbuch Indiens falsch versteht
https://www.cnbc.com/2025/08/07/india-isnt-flinching-why-trump-might-be-misreading-indias-tariff-playbook.html
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SS: India’s stock market showed little sign of panic a day after the U.S. announced a 50% tariff on goods from the country and threatened secondary sanctions over its continued oil trade with Russia.
The Sensex, the benchmark index for India’s blue-chip stocks, ended the day around 0.1% higher on Aug. 7.
From bureaucrats to businesses, there’s a broad consensus in India that the latest escalation from the U.S. is only a pressure tactic to fast-track trade talks. However, Indian Prime Minister Narendra Modi now has something he didn’t have, even a day earlier: the support of the Indian opposition to push back.
Rahul Gandhi, the leader of India’s largest opposition party, the Indian National Congress, described the penalty for Russian oil purchases as “economic blackmail” by Trump.
Consequently, the Indian negotiators’ resolve may only get stronger, especially in talks over areas that directly affect the country’s farmers.
“India will never compromise on the interests of the country’s farmers, fishermen, and livestock breeders. I know it will cost me personally, but I am ready,” Modi said on Thursday morning, hours after the U.S. increased tariffs.
Having seen the China playbook, India hopes the tariffs will go away or put in abeyance until the next round of talks are concluded. The team is arriving in India August 25th- India has supposedly agreed to lower tariffs on most but not on 2 particular categories, Agriculture and Dairy.
Agriculture and Dairy are the 2 biggest redlines – still a very farming driven economy it needs to safeguard its large farmer base. Unlike the US where farming happens by corporations, India has a much more fragmented system. India is pushing back strongly against the use of GMO crops and the use of dairy where blood meal is involved (majority of Hindus are vegetarians).
Trump doesn’t realize everyone keeps seeing him back down. TACO is public knowledge. He has lost his leverage.