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Friday, February 23, 2018

India has to pay a high price to be an USA ally to contain China.

https://sg.finance.yahoo.com/news/exclusive-u-tells-india-cut-tariffs-trade-friction-061636397--finance.html

India has to pay a high price to be part of the USA allies to contain China.

Is the Indian economy strong enough to withstand the tariff cuts?  Obviously not!  India is in need of money to develop its economy and is in a serious fiscal deficit.

https://www.businesstoday.in/current/economy-politics/india-fiscal-deficit-breaches-target-borrowing-government-securities-economy-fy18/story/266906.html

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