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.
Esta historia es de la edición December 31, 2024 de Hindustan Times Chandigarh.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición December 31, 2024 de Hindustan Times Chandigarh.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
Sparks of Trouble for Coldplay Gujarat gig!
Ahead of its highly anticipated India tour, British rock band Coldplay is making headlines again!
DSP: I was prepared for Kissik and Oo Antava comparisons
As long as you don't let success get to your head, you are not bothered by the outcome,\" says composer Devi Sri Prasad, also known as DSP, who is pleased with the reception of his music for Pushpa 2: The Rule.
Aubrey's husband, director Jeff Baena, dies by suicide
Actor-comedian Aubrey Plaza is mourning the loss of her husband, director Jeff Baena, who died at the age of 47.
Man posing as BJP leader targets Haryana officials
A case of impersonation and fraud surfaced where a man claiming to be a senior BJP leader attempted to manipulate Haryana government officials to expedite the clearance of an irrigation-related file.
CTU 'drove away' ₹1.27 cr by leaving shops vacant: Audit
As many as 19 shops at Sector 17 & Sector 43 ISBTs remained vacant during 2023-24
Mayor Writes to Kataria Again for Open Voting
Apprises the Administrator of MC House's October 2024 Resolution Regarding Voting Through Show of Hands
PU Reiterates Gag Order for Teachers
With the recent protests in Panjab University (PU) and some faculty members also giving statements regarding this, PU has issued a circular asking teachers not to contribute any articles to newspapers or write to them without permission.
Land records gutted at Hry secretariat
Both phases of the Tricity Metro project zigzag through various parts of Mohali district
Man On The Run After Beating Six-Year-Old Stepdaughter To Death
Police have launched a manhunt for a Raipur Rani resident who allegedly beat his six-year-old stepdaughter to death during a violent domestic altercation at their house.
Special flight to take devotees to Prayagraj till February 26
To facilitate devotees headed to Uttar Pradesh's Prayagraj for the Mahakumbh Mela, Alliance Air will operate a special flight from Shaheed Bhagat Singh International Airport to Prayagraj every Monday between January 13 and February 26.
