DEMOCRATIC presidential candidate Kamala Harris and her Republican rival Donald Trump are like chalk and cheese. Much has been made of the personality differences between the brash and unpredictable Trump and the more cool, calm and cerebral Harris. Nowhere do their differences stand out more than in their sharply contrasting plans for the US economy.
Former President Trump trumpeted his anti-globalisation credentials during his 2017-2021 presidency, imposing tariffs with a flourish—targeting imported aluminium, steel, electronics and practically everything from China. Trump has now proposed an across-the-board tariff of up to 20 per cent on imports, plus 60 per cent on China, while cocking a snook at India as the “biggest (tariff) charger of all”.
“I think they (India) probably charge more than, in many ways, China. But they do it with a smile,” Trump told members of the Detroit Economic Club.
Tarriff Man
Unfortunately, Trump’s protectionist policies will only antagonise countries and undermine US international competitiveness. It will certainly impact Indian exports to the US, which included 7,753 commodities last year. America was India’s largest trading partner, with a record $128.78 billion in bilateral trade in 2022-2023, according to the Ministry of Commerce and Industry. India had a trade surplus of $28.30 billion with the US, with India exporting $78.54 billion to the US and America exporting $50.24 billion.
“Trump has positioned himself as an ‘America First’ protectionist, and tariffs will surely rise, further stoking inflation,” says Parag Khanna, author of The Future is Asian and CEO of AlphaGeo.
هذه القصة مأخوذة من طبعة November 11, 2024 من Outlook.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة November 11, 2024 من Outlook.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
No Singular Self
Sudarshan Shetty's work questions the singularity of identity
Mass Killing
Genocide or not, stop the massacre of Palestinians
Passing on the Gavel
The higher judiciary must locate its own charter in the Constitution. There should not be any ambiguity
India Reads Korea
Books, comics and webtoons by Korean writers and creators-Indian enthusiasts welcome them all
The K-kraze
A chronology of how the Korean cultural wave(s) managed to sweep global audiences
Tapping Everyday Intimacies
Korean filmmaker Hong Sang-soo departs from his outsized national cinema with low-budget, chatty dramedies
Tooth and Nail
The influence of Korean cinema on Bollywood aesthetics isn't matched by engagement with its deeper themes as scene after scene of seemingly vacuous violence testify, shorn of their original context
Beyond Enemy Lines
The recent crop of films on North-South Korea relations reflects a deep-seated yearning for the reunification of Korea
Ramyeon Mogole?
How the Korean aesthetic took over the Indian market and mindspace
Old Ties, Modern Dreams
K-culture in Tamil Nadu is a very serious pursuit for many
