New Delhi, April 17 -- "Phenomenal" concessions?
There is no point in blaming the government at this stage. What's past is past. In any case, rational, evidence-based arguments carry no weight in Washington these days. If the issue was really about Sri Lanka's tariffs and para-tariffs, reducing them would make sense. But the formula used to derive the 44 percent tariff indicates that the objective is not the tariff reduction, but the reduction of the US trade deficit with Sri Lanka. This requires a seven-fold increase in imports from the US.
What President Trump wants are "phenomenal" concessions. A phenomenal offer would be to scrap our plans to increase the use of renewable energy and build an LNG terminal to unload expensive LNG sh...
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