Donald Trump will take charge as the US President for the second time on January 20, 2025. This has the potential of unleashing the biggest economic disruption global capitalism has seen. In a move that could have far-reaching consequences for the world economy, Trump has promised imposition of large-scale tariffs as a bargaining tool to buttress US's economic dominance and well-being vis-à-vis other countries. Irrespective of what Trump might or might not do, his second presidency is likely to destabilize the rules-based international economic order significantly.
For the Indian economy, the consequences of a Trump presidency will mostly be via second-order effects. China+1, or the global trend of countries and companies diversifying production facilities away from China in the wake of its tensions with the US, has been an important driver of positive sentiment around India's future economic prowess. Will a more mercantilist White House disrupt this process and major exporting countries and companies, re-evaluate their strategies around Trump's geoeconomics? It is difficult to answer this question as 2024 comes to an end. If Trump's past stint is any indication, flip-flops might be more likely than a permanent policy direction.
Diese Geschichte stammt aus der December 31, 2024-Ausgabe von Hindustan Times Punjab.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der December 31, 2024-Ausgabe von Hindustan Times Punjab.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
The world has always loved Indian beats
Jason Derulo is no stranger to India or Indian music. The American singer-songwriter and dancer has previously collaborated with rapper King on the party anthem Bumpa, with singer-songwriter Tesher on the hit single Jalebi Baby, and even took the stage to perform at the 2023 IPL.
PRTC Announces ₹2,500 Salary Hike For Contractual Workers
The Pepsu Road Transport Corporation (PRTC) has hiked the salaries of 1,148 contractual employees by ₹2500, with an additional 10% for those who have been working continuously for over a year.
Battery-swap policy on ice, focus shifts to charging
A federal policy to encourage battery swapping for electric vehicles may go on the backburner, two people aware of the matter said, in the backdrop of industry fears that forcing common standards is not practical and will hurt innovation.
Policing personal freedoms, courtesy social sensibilities
What does it mean to live in the world's largest democracy if consenting adults must still justify their private choices?
Woman sustains over 50% burns in acid attack by ex-husband in Kota
A 45-year-old woman was critically injured after her former husband tied her up and threw acid on her in Kota district of Rajasthan, police said on Sunday, adding that the accused was absconding.
BHEL May Go Off Government's Divestment Target
State-run Bharat Heavy Electricals Ltd (Bhel) may no longer be a potential divestment target as the government considers categorising the maker of rail coaches to power generation equipment as a \"strategic\" public sector unit, according to two people close to the development.
Illegal factory inferno kills woman, 3 minors
A 32-year-old woman and three minor children died in a fire that broke out at their four-storey house at Kanchan Park in Ghaziabad's Loni early Sunday.
Trump 2.0: Prospects of global disruption
The world is watching nervously as the new President begins his second innings in Washington
Dalits Left Out of AAP's Priest Stipend Scheme: Cong's Udit Raj
Congress leader Udit Raj on Sunday criticised the Aam Aadmi Party (AAP) over its scheme to provide a monthly honorarium to temple priests and gurdwara granthis, saying that it left out priests of Valmiki and Ravidas temples, Buddhist Vihars and churches.
The balancing China question before India
The October 21 agreement between India and China focusing on disengagement and the resumption of pre-2020 patrolling patterns in the flashpoint areas of Depsang and Demchok in eastern Ladakh is indeed a welcome development.
