The election of Donald Trump as the next President of the United States (US) has rendered the future of world trade uncertain. Mr Trump has been an outspoken advocate of greater protectionism for longer than he has been in politics. He is convinced that the global-trade system has been set up to give the US, in particular, a bad deal. While he thinks that China has been the biggest offender in this respect, he has not been shy of accusing India and others of getting disproportionate benefits at the cost of the US, either. However, it is worth noting that Mr Trump's policies in his first term were somewhat milder than his rhetoric. Those that he did implement, such as tariffs on steel and an effective veto of dispute resolution at the World Trade Organization (WTO), were in fact implicitly carried on by his Democratic successor, President Joe Biden, as well.
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Denne historien er fra November 15, 2024-utgaven av Business Standard.
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CRYING OVER SPILT MILK
From 6.62 in FY18, India’s milk production growth rate has fallen sharply to 3.78% in FY24
The art of leaving
Ravichandran Ashwin, the quintessential cricketing nerd who bamboozled batters through skill, guile, and acumen, stumped fans around the globe on Wednesday when he retired from international cricket with immediate effect at the end of the third Test of the Border-Gavaskar Trophy in Brisbane.
13 dead as Navy speedboat rams into ferry off Mumbai coast
Thirteen persons died and 99 others were rescued after a Navy craft crashed into a ferry off the Mumbai coast on Wednesday, the Navy said.
How senior living market is redefining retirement
With a growing population of India's well-to-do elderly choosing to live well and live free, businesses have spotted an opportunity. The first of a four-part series on the silver economy focuses on luxury housing projects developed with seniors in mind
TRAVEL INSURANCE FOR HOLIDAYERS Sum insured should depend on destination, trip duration, and age
This holiday season, Indian travellers are likely to flock to short-haul destinations.
New coat of opportunity for Berger and Indigo
Analysts see potential in select paint stocks amid entry of big players
Aluminium seen as outlier among metals; Hindalco better placed
Most industrial metals are expected to stay bearish at least in early 2025. However, aluminium could be an exception.
₹ hits fresh low of 84.96 against $
The rupee has depreciated further to close at a fresh low of 84.96 against the US dollar on Wednesday as foreign banks purchased dollars on behalf of their clients ahead of the outcome of the US Federal Reserve meeting, said dealers.
FPI selling ahead of Fed meet drags market down for 3rd day
Overseas investors pull out ₹8,000 crore this week
Bourses see three blockbuster debuts
Mobikwik up 90%; Vishal Mega Mart, Sai Life gain 40%