THE TRUMP CARD
Beyond Market|November, 2024
While the return of Donald Trump as US President may create new challenges, it could also present opportunities, particularly as the US seeks alternatives to China
THE TRUMP CARD

In The Day of the Jackal, a 1971 racy political thriller by Frederick Forsyth, a sniper takes perfect aim at French President Charles de Gaulle. However, as the shot is fired, the leader bends slightly to honour a war veteran, narrowly escaping death.

In an eerie coincidence, over 50 years after the novel was published, Donald Trump faced an identical situation in July ’24. Trump turned his head just as the assailant fired and avoided a fatal shot. Reports suggest Trump didn’t immediately react to the pain or bleeding from his ear and instead continued to shout, “Fight, fight, fight!” before being escorted to safety.

This defiance after the attack marked the turning point of the US Presidential polls and is an indicator of the disruption that the maverick billionaire may wreck on the world for the next four years. What Trump does next will be watched by the world, notably in Iran, Gaza and Ukraine, where the US President’s action may mean a difference between life and death for many.

India, too, would be touched by his policies, be it trade or immigration.

A look back at Trump’s first term reveals significant developments in India-US relations. His tenure, characterized by a mix of co-operation and controversy, left a lasting imprint on bilateral ties, particularly in defence, energy, and strategic areas.

During his term, India’s annual defence procurement from the US rose to $18 billion by 2019, with India gaining Tier I status in the Strategic Trade Authorization framework. Energy partnership between the two countries flourished under Trump, with the launch of the bilateral Strategic Energy Partnership in 2018. This led to India beginning crude oil and LNG imports from the US, reaching a value of $6.7 billion within two years, positioning the US as India’s sixth-largest source of hydrocarbon imports.

Denne historien er fra November, 2024-utgaven av Beyond Market.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

Denne historien er fra November, 2024-utgaven av Beyond Market.

Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.

FLERE HISTORIER FRA BEYOND MARKETSe alt
IMPORTANT JARGON
Beyond Market

IMPORTANT JARGON

SEBI Allows Mutual Funds To Invest In Foreign Funds With Exposure To Indian Securities

time-read
4 mins  |
November, 2024
NO SHORTCUTS, JUST HARD TRUTHS
Beyond Market

NO SHORTCUTS, JUST HARD TRUTHS

Riding the economic rollercoaster, Howard Marks reveals the hard truths about why adhering to fundamental principles is critical for long-term stability

time-read
7 mins  |
November, 2024
SOW TODAY, REAP TOMORROW
Beyond Market

SOW TODAY, REAP TOMORROW

Invest for your child's retirement from day one - because why wait for adulthood to plan for golden years?

time-read
6 mins  |
November, 2024
BORROWING BOLDLY, SAVING SPARINGLY
Beyond Market

BORROWING BOLDLY, SAVING SPARINGLY

Post-pandemic, India's tech-savvy middle class is leveraging bold borrowing trends, balancing premium spending with smarter investments for a bright future

time-read
4 mins  |
November, 2024
EASING THE PREMIUM PRESSURE
Beyond Market

EASING THE PREMIUM PRESSURE

The GST council's upcoming meeting hopes to address potential tax reductions on health and life insurance to improve affordability and insurance penetration while balancing fiscal priorities

time-read
6 mins  |
November, 2024
PIRACY: STEALING THE SHOW!
Beyond Market

PIRACY: STEALING THE SHOW!

Piracy is where blockbuster hits go cheap because the prices are steep

time-read
7 mins  |
November, 2024
TEMPERED BY FIRE
Beyond Market

TEMPERED BY FIRE

India's steel sector faces the heat from cheap Chinese imports but holds strong long-term growth prospects driven by rising domestic demand and capacity expansion

time-read
4 mins  |
November, 2024
TAKING A FIRM STANCE
Beyond Market

TAKING A FIRM STANCE

RBI's action against select NBFCs aims to curb the risks of growth at any cost before it jeopardizes the entire system

time-read
4 mins  |
November, 2024
STEADY BUT SHAKY
Beyond Market

STEADY BUT SHAKY

IMF's latest World Economic Outlook forecasts modest 3.2% global growth, with the US thriving while Europe grapples with inflation

time-read
6 mins  |
November, 2024
THE TRUMP CARD
Beyond Market

THE TRUMP CARD

While the return of Donald Trump as US President may create new challenges, it could also present opportunities, particularly as the US seeks alternatives to China

time-read
7 mins  |
November, 2024