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 Pune.
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Denne historien er fra December 31, 2024-utgaven av Hindustan Times Pune.
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Nature is pure magic, and I feel incomplete without my camera
Raveena Tandon's passion for photography is rooted in her love for wildlife. She explains, \"It began with childhood jungle trips, but it was my first safari in Africa in 2002 that truly sparked my interest. I wasn't confident with a camera at the time, but after sharing the experience with my kids, I wished I had a camera to capture those moments.\"
Abhi-Ash vacation together, put divorce rumours to rest
The better part of 2024 had fans speculating over the divorce of actors Abhishek Bachchan (48) and Aishwarya Rai Bachchan (51).
Pant breaks free; Bumrah injures back
Fast bowler awaits scan results and his bowling will be key if India are to win the SCG Test to square series and retain BGT
Kohli exits in rage, maybe for one last time in Australia
For a while on Day 2 of the Sydney Test, it felt like the clock had stopped.
Not retiring, sat out of the final Test for the team, says Rohit
Was it a good decision? Was it the right decision? Who took it? Did he opt out? Was he forced out? Will he call it quits?
Perfect storm in Sydney raises India's hopes
Right until Rishabh Pant walked out to bat on Saturday, wickets had been the order of the day in the Sydney Test.
Will a final hurdle fall in 2025?
It was once said no human could run a marathon in under two hours. Now that it's been done, can it be done in competition?
6 Killed in Blast in Volatile Pak Province, More Than 25 Injured
Thousands of rival South Korean protesters rallied in the capital on Saturday, a day after a failed attempt to arrest suspended President Yoon Suk-yeol for imposing a short-lived martial law decree that led to his impeachment.
Johnson Re-elected House Speaker in Tense Floor Vote
Prez-elect Donald Trump had endorsed Mike Johnson, and was on the phone during the House vote to secure the outcome
U.S. Announces $8bn Weapons Sale to Israel
The administration of US President Joe Biden has notified Congress of an $8 billion arms sale to Israel, a source familiar with the plan said on Saturday.
