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 Lucknow.
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Denne historien er fra December 31, 2024-utgaven av Hindustan Times Lucknow.
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Yoon's supporters riot as his detention extended
Hundreds of supporters of South Korea's arrested president, Yoon Suk-yeol, stormed a court building early on Sunday after his detention was extended, smashing windows and breaking inside, an attack the country's acting leader called \"unimaginable\".
Trump 2.0: Prospects of global disruption
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Garcetti Meets PM Modi, Hails India-U.S. Ties
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Bus Carrying Mahakumbh Devotees Overturns
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