Modi Plays Daddy Cool To Uncle Sam, Trump’s Tariff Tantrums

Before Donald Trump’s ‘Tariffs @ 25%’ plus penal fines over Russian oil (another 25%) started impacting India, acute shortages of rice, ‘desi masalas’ have hit the U.S. supermarkets. India won’t export to the U.S. except on its own terms with tacit responses launched including PM Narendra Modi’s strategic alliances with Russia, China, Iran and FTAs with EU/UK already inked dry even as France is next in line. India assiduously rejected Trump’s tantrum to open up her markets allowing American farms/dairy products while refocusing its exports re-spread widely into Europe, Africa, Malaysia, Indonesia and host of nations open to barter without being U.S. centric. PM Modi’s exhortation to ‘Be Indian, Buy Indian’ aimed at absorbing trade imbalances over reduced U.S. exports will assimilate into Indian consumption rationalizing inflationary trends. Iran has upped the ante against Trump’s trade hegemony tariff plan, assured steady oil supply to long-time friend India. Interestingly, Chinese vessels are India’s resort for Russian oil imports even as oil carriers purchases and indigenous fabrication on scale is ongoing. China’s economy depends on manufacturing/exports and yet, recently sluggish trends have forced its realignment with India, which, on the other hand, ramped up the manufacturing sector with Apple, Samsung, Tesla also emphasizing Modi’s ‘Make (it) in India’ theme. Independence Day, come August 15, may witness Putin’s surprise visit to India after NSA Ajit Doval, MEA S Jaishankar visits to Russia. Modi has built up oil storage, stocked up reserves for 60 days as the Andaman & Nicobar islands have revealed high oil reserves. EU’s shopping spree for Russian gas and gold comes as Uncle Sam prospects Pakistan dry for oil (in Balochistan) where he is in for a nasty surprise welcome as well.