Donald Trump will take charge as the US President for the second time on January 20, 2025. This has the potential of unleashing the biggest economic disruption global capitalism has seen. 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.
This story is from the December 31, 2024 edition of Hindustan Times Amritsar.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the December 31, 2024 edition of Hindustan Times Amritsar.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Focus on speed: New mantra for Arjuna-winning wrestler Aman
HAVING LOST TO JAPAN WRESTLERS AT ASIAD AND OLYMPICS, PARIS BRONZE WINNER SAYS TRAINING STINT IN JAPAN WAS EYE-OPENER
The transition is upon India: What will it lead to?
It's been coming for a while but now, it truly feels like the transition is upon us.
Cummins Likely To Miss Next Tour Of Sri Lanka
Australia captain Pat Cummins hinted that he may skip the tour of Sri Lanka later this month to be present for the birth of his second child.
New Orleans attacker acted alone: FBI
NEW ORLEANS: The FBI on Thursday said that the pickup truck driver responsible for a deadly rampage in New Orleans acted alone.
Court rejects bail petition of Hindu priest Das again
A Bangladeshi court on Thursday denied bail to monk Chinmoy Krishna Das, whose arrest last November on sedition charges triggered protests in several Indian states and emerged as an irritant in bilateral relations.
10 People Wounded in NY Shooting
A group of men fired at least 30 gunshots into a crowd gathered outside a nightclub in New York's Queens on New Year's Day, injuring 10 people.
D-Street show kindles hopes for New Year
Stocks lit a spark of optimism for investors in the New Year as the benchmark indices roared back, even as experts keep their fingers crossed on whether the rally has legs.
US Army soldier killed in Tesla Cybertruck explosion
The person who died in the explosion of a Tesla Cybertruck packed with explosives outside President-elect Donald Trump's Las Vegas hotel was an active-duty US Army soldier, three US officials told The Associated Press on Thursday.
Manufacturing activity touches 12-month low
THE INDEX HAS STAYED ABOVE 50 FOR MORE THAN THREE YEARS
The battle to beat the heat
The warming levels reached in 2024 are a warning. The time for climate action is now
