US EditionDeepak Shenoy Slams Trump's Trade Tirade Against India, Sets the Record Straight — Here's How
Capitalmind CEO Deepak Shenoy highlighted a US trade surplus in services with India, disputing claims of a one-sided trade deficit amid ongoing tariff disputes.
- On Tuesday, Capitalmind founder Deepak Shenoy rebuked US President Donald Trump's claim of a 'one-sided disaster' in US-India trade, calling it factually wrong and reckless, sparking sharp online reactions.
- US President Donald Trump escalated criticism of India's trade policies on Tuesday, following Prime Minister Narendra Modi's meetings with Xi Jinping and Vladimir Putin and U.S. tariff hikes to 50%.
- Shenoy pointed out that the US runs a trade surplus with India in services, flagged US-origin frictions like textile tariffs and FDA barriers, and noted India's defense hesitance due to perceived US support for Pakistan.
- The move has prompted criticism in Washington, D.C., with House Democrats on the House Foreign Affairs Committee accusing Trump of harming Americans as trade talks that began in April have stalled.
- Critics say the pressure has hardened India's diversification moves, including shifts in oil sourcing, while Deepak Shenoy warned in April that reciprocal tariffs could prompt global reserve banks to dump the dollar.
15 Articles
15 Articles
'We get along with India very well, but...': Trump defends tariffs with 'one-sided ties' barb
Trump has renewed his attack on India’s trade policies, calling the economic relationship “one-sided” and criticising New Delhi for imposing some of the world’s highest tariffs, including duties of up to 200 per cent on Harley-Davidson motorcycles.
Deepak Shenoy slams Trump's trade tirade against India, sets the record straight — Here's how
Deepak Shenoy criticised US President Donald Trump's trade policies, highlighting the misleading narrative of a US trade deficit with India. He emphasised the US's trade surplus in services and pointed out that high tariffs and barriers are alienating India.
We Get Along With India Very Well: Trump
File photo of US President Donald Trump New York/Washington- President Donald Trump has said the US gets along with India “very well” but the relationship was “one-sided” for many years since New Delhi was charging Washington “tremendous tariffs”. “No, we get along with India very well,” Trump said in the White House on Tuesday in response to a question on whether he is considering taking away some of the tariffs imposed on India. Trump’s commen…
‘We get along with India very well but…’: Trump repeats tariff charge
Washington: US President Donald Trump said America gets along with India very well but the relationship was “one-sided” for many years since New Delhi was charging Washington “tremendous tariffs”. “No, we get along with India very well,” Trump said in the White House on Tuesday in response to a question on whether he is considering taking away some of the tariffs imposed on India. He said that for many years, the relationship between India and U…
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