Geopolitics Trumps Trade President Joe Biden hosted Indian Prime Minister Narendra Modi today despite the latter’s dubious record on democracy and religious freedom. Biden is seeking Modi’s support in the competition with China and wants less Indian cooperation with Russia. By contrast, U.S. Congressional leaders want Biden to pressure Modi to open his country up to more imports from America. India is a highly protectionist country and the Democratic and Republican leaders of the Senate Finance Committee characterized it as follows: “India unreasonably maintains extremely high tariffs and burdensome licensing requirements; administers purported agricultural safety measures that lack any scientific justification; an...
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.
The U.S.-Mexico-Canada Agreement (USMCA) enters its mandated six-year review on 1 July. The original intent of the review is outlined in Article 34.7, which obligates members to: Provide recommendations and decide on appropriate actions. Extend the USMCA for another 16 years and meet aga...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...