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Prime Minister Narendra Modi of the Republic of India during Modi’s Official State Visit to Washington DC.

POOL via CNP/startraksphoto.com

India and the US talk China

Between the wars in Gaza and in Ukraine, the United States has its hands full, but it’s not taking its eyes off of China. On Friday US Secretary of State Antony Blinken and Defense Secretary Lloyd Austin are holding talks with Indian officials regarding security concerns in the Indo-Pacific region. The talks come as the world prepares for the highly anticipated meeting between US President Joe Biden and Chinese President Xi Jinping next week.
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Unpacking the India-China relationship: A dangerous stalemate
Unpacking the India-China relationship: A dangerous stalemate | GZERO World

Unpacking the India-China relationship: A dangerous stalemate

China is India’s largest neighbor and second-largest trading partner. At the same time, China is India’s primary external rival, and relations between the two countries have grown more tense amid violent clashes on the Himalayan border.

On GZERO World, Ian Bremmer discusses the precarious India-China relationship with Samir Saran, President of the Observer Research Foundation, a leading Indian think tank. Saran says there is a paradox in the current status quo, where despite tension in the Himalayas, trade between the two countries is expanding in China’s favor.

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Former U.S. President Donald Trump at a rally in Conroe, Texas.

Reuters

What We're Watching: Trump's tax returns set to go public, Japan stuns markets, Biden braces for migrant surge, India raises China alarm

Trump's tax returns set to be released

The House Ways and Means Committee voted yesterday to release Donald Trump's tax returns from 2015-2020 — a move the former president’s team has characterized as a politically motivated attack by Democrats in the House, who are set to lose their majority when the new Congress is sworn in on Jan. 3. It may be days before all the filings go public, but committee members revealed late Tuesday that the IRS failed to audit Trump during his first two years as president. A report issued late Tuesday also highlighted some information from the filings, including that Trump had positive taxable income in 2018 — for the first time in more than 10 years — and paid nearly $1 million in federal income taxes that year. But as of 2020? Trump had reverted to reporting negative income … and paid no federal income tax as a result. Democrats on the committee explained that they carefully followed the law with this vote, invoking a century-old statute, but some Republicans say this could lead to increased use of exposing private tax info for political means.

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India's Prime Minister Narendra Modi attends a bilateral meeting during the G-20 summit in Bali, Indonesia.

REUTERS/Willy Kurniawan

India is rising fast, but Modi must drive with care

India’s decade is here. According to two recent back-to-back reports by Morgan Stanley and S&P, the world’s second-most populous country is set to become the planet’s third-largest economy by as early as 2027.

Already the fastest-growing major economy in the world, India’s GDP is expected to double from its current $3.5 trillion by 2031. That means that all else being equal, India will be economically neck-and-neck with Japan and Germany by the middle of the next US presidential term.

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What We're Watching: Tahrir Square 10 years on, Italy's PM resigns, AMLO contracts COVID, India-China border row

Tahrir Square — a decade on: This week marks a decade since mass protests in Cairo's Tahrir Square sparked a revolution that toppled Egypt's longtime strongman Hosni Mubarak as part of the Arab Spring. But ten years on, Egypt's brief experiment with democracy has long since been undermined by current President Abdel Fattah el-Sisi. El-Sisi, a former General who in 2013 capitalized on fresh street protests to oust the country's first democratically-elected president, has quashed dissent and crushed political opposition. Egypt is now one of the most dangerous countries in the world to be a journalist, and has one of the lowest internet freedom rankings. As if to make the point that Tahrir Square — long the site of anti-government protests — is now his, el-Sisi recently oversaw a $6 million renovation that dressed up the place with the trappings of a European-style monumental plaza, covering over most of the open spaces where hundreds of thousands once camped out and defied the regime. Ten years after the Arab Spring bloomed in Cairo, Egypt may actually be less free than it was on January 24, 2011.

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