In his book No Trade Is Free, ex-USTR writes how an Indian friend corrected him and said only seven billionaires run the country; the others just try to influence these seven.
Growth in foreign investment in Vietnam's Bac Giang province is almost doubling every year and the province forecasts exports value to reach $11 billion, a tenfold leap in 6 years.
In an article in Foreign Affairs, Robert Lighthizer says letting India join the multilateral trade regime has led to ‘negative repercussions’ for the US.
In 2024-25, India exported $387.54 bn worth of services, against imports of $198.14 bn, earning all-time high surplus of $189.40 bn. This offset 2/3rd of goods trade deficit.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
I may or may not agree with all his other statements, but the state run by billionaires is the truth.