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.
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Denne historien er fra December 31, 2024-utgaven av Hindustan Times.
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The rise and rise of JD Vance in American politics
An Indian son-inlaw will soon occupy the Naval Observatory residence of the American Vice President in Washington DC. While India can derive joy from this emotional connection, the real story of JD Vance's miraculous rise in American politics lies in middle America.
CBI clubs graft cases in Mahadev scam
The Central Bureau of Investigation (CBI) has registered a corruption and cheating case in connection with the Mahadev online betting app scandal, people familiar with developments said on Monday, roughly four months after the Chhattisgarh government asked the agency to probe the larger conspiracy and role of public servants in a case where former chief minister Bhupesh Baghel was earlier named.
AAP with 'tukde tukde gang: Anurag Thakur
BJP leader and former union minister Anurag Thakur in a press conference on Monday dubbed the AAP a party of \"algavwad\", \"atankwad\" and \"afwah\" while accusing it of supporting \"separatists\" and raising questions on the spate of hoax bomb threats to schools in Delhi.
Yogesh Mahajan dies of cardiac arrest
Actor Yogesh Mahajan, known for his role in the television show Shiv Shakti: Tap Tyag Tandav and Marathi films Mumbaiche Shahane (2007) and Sansarachi Maya (2014), died on Sunday.
Gaza deal holding after hostage-prisoner swap
A fragile ceasefire in the Israel-Hamas war was holding on Monday, following the dramatic exchange of three hostages for 90 Palestinian prisoners in an agreement aimed at ending more than 15 months of war in Gaza.
Shaunak calls accidental tumour discovery a blessing in disguise'
Award-winning filmmaker Shaunak Sen had a health scare a few months ago when a malignant tumour was detected in his kidney. However, on Sunday evening, Sen announced that he is now cancer-free.
On the road, but going nowhere
Though Delhi has India's most expansive road network, the city's sprawling streets have remained arenas of constant struggle for its 21mn residents
President Trump, redux
47th President of the United States takes oath, signs a slew of executive orders on immigration, gender, race and trade tariffs
U'khand nod for UCC rules
THE RULES WILL COME INTO FORCE ONCE THEY ARE NOTIFIED LATER THIS MONTH ON A DAY THAT STATE CM DHAMI WILL ANNOUNCE
Trump and India-US ties: What will work, what needs work
Under Donald Trump, just like the past five American presidencies including his own, America's strategic relationship with India will deepen.
