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India Has a Tariff on America's Huge Cultural Surplus

Mint Mumbai

|

April 14, 2025

We Are More Interested in US Culture Than It Cares About Ours But We May Already Have a Remedy in Place

- MANU JOSEPH

The complaint of Donald Trump is that most nations sell their goods cheaply in America, but never let America sell its products at low prices in their markets. He insists that this imbalance is a form of theft, a "rip-off" by its major trade partners, including India. But it does not feel that way.

As I try to write this paragraph, I have to constantly fight what America owns: distraction. Imagine one nation controlling the power to distract the world. There is ChatGPT, Twitter, Instagram, Google, Gmail, Kindle, WhatsApp, Netflix and The New York Times, which occasionally laments a distracted world. I have knocked out most of them from my American phone, but still.

There was a time when my work was more interesting than any distraction because a distraction then usually was just a doorbell ring or something of that quality. Today, the intrusion is probably more interesting than what I am trying to create. Also, what I create itself might be part of a future distraction on an American platform. This is not the only reason why it does not 'feel' as though the world doesn't buy enough of America. In fact, it is a very small part.

FLERE HISTORIER FRA Mint Mumbai

Mint Mumbai

Bank-funded acquisitions won't displace private credit

The Reserve Bank of India's (RBI) draft framework for bank-led acquisition finance marks a decisive policy turn: Indian banks can now enter the acquisition finance market within a clear perimeter, reshaping the competitive dynamics between banks and private credit funds.

time to read

3 mins

November 20, 2025

Mint Mumbai

Air India lobbies to use airspace over China's Xinjiang

India-China flights resumed after a five-year hiatus.

time to read

1 mins

November 20, 2025

Mint Mumbai

Nitish Kumar to take oath as Bihar CM

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time to read

1 min

November 20, 2025

Mint Mumbai

Mint Mumbai

A fresh perspective on abstraction in art

A new exhibition in Mumbai showcases different approaches to abstraction by artists like Zarina, Seher Shah and Mehlli Gobhai

time to read

3 mins

November 20, 2025

Mint Mumbai

Govt eyes post-cut GST revenue surge

FinMin expects Nov GST receipts growth to rebound to 10%

time to read

2 mins

November 20, 2025

Mint Mumbai

PayMate pulls plug on West Asia operations

The Visa-backed B2B payments firm is scrambling to raise more funds

time to read

2 mins

November 20, 2025

Mint Mumbai

Exide's dual bet: Can lithium-ion offset a weakening core?

Exide Industries Ltd is struggling to fuel its core lead-acid business while simultaneously turning its capex-heavy lithium-ion venture into a viable second growth engine.

time to read

1 mins

November 20, 2025

Mint Mumbai

Bank-funded acquisitions won’t displace private credit

The Reserve Bank of India's (RBI) draft framework for bank-led acquisition finance marks a decisive policy turn: Indian banks can now enter the acquisition finance market within a clear perimeter, reshaping the competitive dynamics between banks and private credit funds.

time to read

3 mins

November 20, 2025

Mint Mumbai

Afghanistan trade minister seeks India investments, goods

Afghanistan's Taliban trade minister arrived in India on Wednesday on a maiden visit to draw greater investments and goods as both countries consider ways to enhance their relations in the backdrop of souring relations with neighboring Pakistan.

time to read

1 min

November 20, 2025

Mint Mumbai

Mint Mumbai

Fractal Analytics bets heavily on R&D in AI race before IPO

Enterprise artificial intelligence firm Fractal Analytics plans to maintain high research and development (R&D) spending ahead of its market debut for which a date has not yet been set, a top executive has said.

time to read

2 mins

November 20, 2025

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