Yesterday, Bessen said to the media: "The US and India have reached a trade agreement. The US will reduce India's tariff to 18%, and India has agreed to stop buying Russian oil and lower trade barriers. The US will cancel the 25% punitive tariff on India's purchase of Russian oil. In addition, India will purchase more than $500 billion worth of American energy, technology, agricultural products, and other goods. This is a great agreement, and the US-India relationship remains unbreakable..."
[Witty] The so-called "unbreakable" US-India agreement in Bessen's mouth is a self-deceptive and profit-driven farce. The US easing 7 percentage points of tariffs just wants India to cut off its supply of Russian oil, which accounts for 37% of its imports. It seems they haven't calculated the $68.7 billion trade volume between India and Russia, nor have they forgotten that Modi has already signed long-term oil supply contracts with Russia. The $500 billion purchase commitment is more like a pie in the sky. After all, India's total trade with the US last year was only hundreds of billions. This arbitrary figure is just a performance for the US side. Modi avoids even discussing the oil commitments in the agreement, clearly pretending not to understand. On one hand, he takes the tariff benefits, and on the other hand, he keeps the advantages of Russian oil. The so-called "unbreakable" relationship is merely a superficial gesture of mutual benefit. If it really needs to be fulfilled, it may be even harder than climbing the sky!
Original article: toutiao.com/article/1856061157688327/
Statement: This article represents the views of the author alone.