India carries a trade surplus with the us. That means we ship more goods and services to the us than they ship back home. However, american politicians have routinely accused india of not reciprocating in kind. They've argued that we limit access to our market by imposing duties and tariffs. And if this complaint hits the right cords with us Politicians, they could retaliate rather harshly,. forcing india to reconsider its position.
A couple of days ago, Reuters reported that Visa had filed a complaint with the U.S. government accusing India of giving undue preference to its homegrown payment network RuPay. And in today’s episode for 1st December 2021, we explain why Visa has ants in its pants.
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