Navarro Reminds Modi of America’s Exorbitant Privilege
The dollars India earns are its to spend, but Washington gets a say on what it can — or can’t — buy.
India is out of bargaining chips.
Photographer: Prakash Singh/BloombergWithout saying anything really new, Peter Navarro has revealed something important. If India wants to keep earning dollars by selling goods and services to America, it has to recycle them as per Washington’s diktats.
The White House trade adviser’s op-ed in the Financial Times is aimed at critics who have been shocked by the summary disdain with which President Donald Trump has alienated an ally that past administrations have spent a quarter-century cultivating. Navarro’s main message: “If India wants to be treated as a strategic partner of the US, it needs to start acting like one.”
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