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The India Row
A couple of days ago, while regaling a crowd in Uttar Pradesh, Narendra Modi enjoined his fellows to
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The US may not need India but we sure have let them into our IT systems very liberally (see Infosys and Accenture). I don’t think pissing these people off is a smart move given that context.
I wonder when Trump’s advisers will turn to tariffing services?
More work for me, I’m okay with that.
Not after everyone enables Claude Code to replace engineering teams. But I was more thinking along the lines of IP theft and security breach risk.
India exports greater than $100B of IT support and software services to the US annually. A lot of Fortune 500 companies are beholden to Indian companies for these services. I dare say it’s the biggest component of the balance of trade between the two countries. Given that it doesn’t pass through any physical checkpoint, I don’t know how Tariff Man could easily collect taxes on it (from the US companies, of course) even if he wanted to.
Tax payments to Indian outsourcers? Seems doable.
I believe India’s exports to the US are $80BN and India buys $50BN of discounted Russian oil. Not so very different in magnitude.