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.
Denne historien er fra December 31, 2024-utgaven av Hindustan Times Gurugram.
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Denne historien er fra December 31, 2024-utgaven av Hindustan Times Gurugram.
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Hitched! Neeraj Chopra marries tennis player Himani Mor
Double Olympic medallist and 2023 javelin champion Neeraj Chopra married tennis player Himani Mor in a private ceremony.
Engaging with President Trump
India-US ties may be immune to a change of guard in Washington, but New Delhi should be prepared to respond to the challenges ahead
EVs to reach 35% of total vehicle sales by 2030
Govt working on a second policy to promote EVs, said environment minister
ALH grounding a setback, will sort it out soon: Def secy
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Trump and the world: What lies ahead
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SC grants Centre till Mar 18 to decide on Rajoana's mercy plea
The Supreme Court on Monday gave a \"last chance\" to the Centre to decide by March 18 on the long-pending mercy plea of Balwant Singh Rajoana, convicted in the 1995 assassination of former Punjab chief minister Beant Singh.
Doing it like the greats: A special Sinner win made of guts and grit
A 6-3, 3-6, 6-2, 6-3 4th-rd win over Rune may seem like run-of-the-mill but it forced the ice-cool Italian to dig deep on Monday
Soldier gunned down in Sopore encounter
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Death penalty to woman who poisoned boyfriend
A Kerala court on Monday sentenced to death 24-year-old Greeshma SS for poisoning her boyfriend in 2022, declining her prayer for leniency on account of her academic achievements, lack of prior criminal history, and the fact that she is an only daughter.
Blazer Dresses Are Having a Moment - Here's How to Nail the Look
This trend reflects a shift towards multifaceted fashion, where the lines between professional and playful blur, showcasing that style can be both empowering and effortlessly chic. MASUMI MEWAWALLA, Fashion designer
