'Batshit Insane': Deepak Shenoy Slams Donald Trump's 'One-Sided' Disaster Rant Over India's Trade With US

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Trending'Batshit Insane': Deepak Shenoy Slams Donald Trump's 'One-Sided' Disaster Rant Over India's Trade With US

Deepak Shenoy said the US has a trade surplus with India in services. "Trump is going batshit insane on this rant about India doing less trade," said Shenoy.

02 Sep 2025, 12:03 PM IST i

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02 Sep 2025, 12:03 PM IST

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02 Sep 2025, 12:03 PM IST

<div class="paragraphs"><p>Deepak Shenoy, founder of Capitalmind and US President Donald Trump (File picture)</p></div>

Deepak Shenoy, founder of Capitalmind and US President Donald Trump (File picture)

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Founder and Chief Executive Officer of Capital Mind Deepak Shenoy on Tuesday dismissed US President Donald Trump's narrative of India benefits unfairly from trade. Shenoy argued that the US actually has a trade surplus with India in services contrary to Trump's claims.

In a post on 'X', formerly Twitter, Shenoy wrote, "The US has a trade surplus with India in services. Trump is going batshit insane on this rant about India doing less trade, but we just buy a lot more from China, just like America does. We don't buy American defense products much, because they support Pakistan. We actually diverted a lot of oil purchases to the US after they removed some stupid rule that didn't allow them to export oil."

"The US has had a lot of tariffs, in textiles, specifically for India, for ages. There's a whole bunch of other non tariff barriers like the fdas sometimes illogical rulings on pharma cos. Trump is alienating India and we really want to get to a situation where we don't have to care." [sic]

The US has a trade surplus with India in services. Trump is going batshit insane on this rant about India doing less trade but we just buy a lot more from China just like America does. We don't buy American defense products much because they support pakistan. We actually diverted…

— Deepak Shenoy (@deepakshenoy) September 2, 2025

The social media post evoked reactions across netizens on the escalating trade tensions between the United States and India. A user pointed out, "And US anti dumping duty on Indian products is rampant", to which Shenoy replied, that India does the anti dumping duty but don't pretend that they have no tariffs.

Another asked, what if Trump imposes tariff on services, especially on the IT sector. Shenoy replied that it won't work because India will reverse tariff their service because that's not going to help."

We also do anti dumping duty but we don't pretend that we have no tariffs

— Deepak Shenoy (@deepakshenoy) September 2, 2025

It doesn't work cos we will reverse tariff their service cos where we have no tariffs and that's not going to help

— Deepak Shenoy (@deepakshenoy) September 2, 2025

Shenoy's post resonated with netizens who echoed the same sentiment saying that Trump is only pushing India towards real self-reliance and diversification and his push has "only hardened India’s diversification instinct."

India’s trade reality with the US is nuanced — surplus in services, deficits in goods, long-standing tariff walls from their side too. Trump’s rants ignore this balance. By overplaying pressure, he only pushes India towards real self-reliance and diversification.

— @TheFinanceGuy (@TheFinance27542) September 2, 2025

Trump’s push only hardened India’s diversification instinct, like shifting oil sourcing. That long-term decoupling hurts US firms more.

India cannot rely on goodwill from Washington.

Every administration since Clinton has used market access as a stick, from generics disputes…

— Normal Guy (@Normal_2610) September 2, 2025

Donald Trump Warns Of 'Great Depression' If US Court Rules Against Tariff Policy

Trump Claims India 'Offered' To Cut Tariffs

Donald Trump on Monday claimed that India has now 'offered' to cut its tariffs to nothing, “but it's getting late”, as he said that India buys most of its oil and military products from Russia and very little from the US.

He added that India sells to the US, “massive' amounts of goods, but they sell India very little. He called the relationship with India totally one sided and claims that this has been for many decades. He called trade with India a "totally one sided disaster!"

The Trump administration has imposed 25% reciprocal tariffs on India and an additional 25% levies for Delhi’s purchases of Russian oil, bringing the total duties imposed on India to 50%, among the highest in the world. PM Modi has asserted he can't compromise on the interests of farmers, cattle-rearers, small-scale industries, cautioning that even though pressure may increase, India will bear it.

In April 2025, Shenoy had criticised Trump's action on reciprocal tariffs saying that it could lead to reserve banks worldwide dumping the dollar in favour of alternatives. He had even said that there is no need for retaliation against Trump's move, implying that the decision may not go down well with Americans in the long run.

Deepak Shenoy Warns of Global Dollar Dump After Donald Trump’s Reciprocal Tariffs

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