In the case of India, it is advisable to expect the same situation as in Canada, Howard Lyutnov believes.
Authorities in India a month or two will sit at the United States negotiation table and apologize. US minister Howard Lynetov said in a commentary for Bloomberg on Saturday, September 6th.
In his opinion, in the case of India, it is advisable to expect the same situation as in Canada, when he introduced duties in response to the United States, after which the economic collapse began, forcing the Ottawa to cancel its tariffs.
“Carni (Premier of Canada – Ed.) Is elected to the” Lie Up “slogan, which means” Let’s fight America. “They introduced the appropriate tariffs. All of this was Bravado, and what happened? They fell 1.6%, unemployment rose to 8%. And what Karkney had removed from the corresponding roles,” Lutnik said.
He believes that everything that happens is “Bravado”. Because on the one hand, “It looks like a good fight is the biggest client in the world.” In the end, businesses in their state said: “You should stop it and end a deal with America.”
“So I think, yes, in a month or two India will sit at the negotiation table, apologize and try to end a deal with Donald Trump. And Trump will decide what to do with Modi, and we will leave it at his decision. After all, he is the president who speaks the transaction,” Lutnik said.
As you know, Donald Trump has increased duties for India by 50%, as it bought Russian oil. But in response, India said she will continue to buy “black gold” in Moscow, as it remains financially benefit.
And the day before, Trump announced the “loss” of India and Russia in favor of China.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.