As President Donald J. Trump descends on Davos this week, he’ll have the chance to meet with dozens of business and government leaders from around the world. This meeting is one of the best opportunities for the president to reinforce his fair trade agenda with our global trade partners, and there is no better place to start than with India.
While Trump’s rhetoric toward unfair Chinese trade policies is valid, India deserves just as much criticism for their new “Make in India” program.
The “Make in India” program has been lauded by the Indian government as a way to encourage investment in 25 key sectors of their economy, including electronics/IT, automobiles, aviation and pharmaceuticals, which opened the door to foreign investors. While this program may sound good on the surface, it continues to promote India’s antiquated protectionist policies that prevent many American goods from reaching Indian markets.
This policy prescription favors companies who want to buy or manufacture goods in India, and targets those who want to sell in India. American companies who want to engage in the Indian economy face immense regulatory hurdles, which too often price them out of the market.
Cliff-high tariffs range from nearly 50 percent to 113 percent on agricultural goods, according to the U.S. International Trade Administration: flowers, 60 percent, natural rubber, 70 percent, automobiles and motorcycles, 60 percent to 75 percent, raisins, 100 percent, alcoholic beverages, 150 percent, and textiles, some rates exceed 300 percent.
Further, imports are subject to state-level value-added or sales taxes and the Central Sales Tax, as well as various local taxes and charges. Additionally, India doesn’t make commerce easy by maintaining its infamously unresponsive and corrupt bureaucracy.
India is also one of the world’s most notable offenders against U.S. intellectual property rights. For example, India spends less than 1 percent of its GDP on healthcare, does not issue patents for U.S. medicines, and legislates price controls on medicines and medical devices. Meanwhile, the United States spends 18 percent of its GDP on healthcare and invents the vast majority of new medicines and medical devices—innovations that save and extend lives.
To make matters worse, The United States recently opened its market to Indian firms, whereas U.S. companies that invent medicines still are unable to access the Indian market. Additionally, American trade policy welcomes the import of Indian generics, 1 in 5 of which are likely to not be what sellers claim they are.
It is critical to maintain the U.S.-India trade relationship, and to ensure that India is open about the regulatory burdens it imposes on American companies. The “Make in India” program must be implemented in line with the basic tenets of free trade in the 21st century.
President Trump recently described India as a “leading global power” and asserted that in the future, he’ll work to deepen America’s strategic partnership with India and support its leadership role in maintaining security in the Indo-Pacific region.
Curt Schilling Reveals that AIG Canceled His Insurance Over His Social Media
The woke purges are only beginning.
On January 12, 2021, former all-star pitcher and now-conservative commentator Curt Schilling announced that AIG canceled his insurance policy over his “social media profile.”
“We will be just fine, but wanted to let Americans know that @AIGinsurance canceled our insurance due to my ‘Social Media profile’,” Schilling said in a Tweet.
We will be just fine, but wanted to let Americans know that @AIGinsurance canceled our insurance due to my "Social Media profile"
— President Elect Curt Schilling (@gehrig38) January 13, 2021
“The agent told us it was a decision made by and with their PR department in conjunction with management,” he continued.
Social media censorship has become normalized over the last four years. Now, however, this kind of corporate policing is being extended to people’s ability to do banking. Paul Joseph Watson of Summit News observed the following:
While innumerable Trump supporters have lost their Twitter and Facebook accounts due to social media censorship and cancel culture, cases of individuals being cut off by banks and other financial services are now growing too.
The logic of corporate America’s woke crusade is to change people’s behavior by censoring social media activity. In addition, corporate entities will cut off people from basic services to make their lives miserable simply for dissenting against the regime’s official narrative.
Republicans will have to stop worshiping corporations and rethink some of their economic policies. Corporations have too much power in America and are clearly not on the side of the Right. The refusal to recognize this new reality will lead to continued defeats for the Right. It’s time to adapt.
Congress4 days ago
FACT CHECK: Was ANTIFA Really Behind Last Week’s Siege on the U.S. Capitol?
Fake News Media4 days ago
Meghan McCain Suggests Trump Supporters Should Be Thrown in Guantanamo Bay on ‘The View’
Big League Guns4 days ago
ATF Swamp Creatures are Working Behind the Scenes With the Biden Transition Team to Implement Gun Grabs
Tech3 days ago
BASED: Government of Uganda Bans Twitter From Country After Censorship, Election Interference
Sports2 days ago
National Hockey League Declares War on Trump Supporters? Former Trump Campaign Staffer Reveals Chilling Account of Political Persecution
Big League Guns4 days ago
Lawful 2A AR15.com Site Deplatformed From Internet by GoDaddy
Crime4 days ago
Career Criminal Killed Two Siblings in Stolen Car Crash…He was Free Despite 18 Prior Felony Convictions
Violent Left19 hours ago
Leftist Thug Targets Roger Stone’s Handicapped Wife for Vicious Attack in Own Neighborhood