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 Noida.
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 Noida.
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
Varanasi concert row: Monali Thakur reacts to sexual harassment claims
Just around 15 days after singer-actor Monali Thakur shut down her show in Varanasi (Uttar Pradesh) over poor management, she has broken her silence on the allegations of sexual harassment levelled against her and her crew by the show organisers.
We Need to Talk About Young Girls' Food Depression
Actor Rakul Preet Singh expresses concern over how a number of young girls are becoming anorexic and bulimic to meet tough beauty standards
Cummins, the pace spearhead
World's Top Bowlers Since Cummins Became Skipper
Agarkar To Brief Selectors Ahead Of BCCI Meet On Sunday
The selection committee will be in full attendance for the knockout rounds of the Vijay Hazare Trophy one-dayers in Vadodara, which start with the pre-quarter finals on Thursday.
Djokovic: At his happy hunting ground, with an old foe in tow
The Serbian has worked with Becker, Agassi and Ivanisevic. In Murray he has access to the mind of a master tactician
Olympic champs Axelsen, An top the field for India Open
Reigning Olympic champions Viktor Axelsen and An Se Young will be among the star attractions at the latest iteration of the Yonex-Sunrise India Open that kicks off in capital's Indira Gandhi Stadium next week.
Indian hockey players bonding with the best in relaunched HIL
Skipper Sumit Walmiki and Australian Tim Brand walked to the dugout, shared a laugh and high-fived after Hyderabad Toofans' practice. Nearby, an awe-struck Amandeep Lakra was listening with rapt attention to Gonzalo Peillat as Germany's drag-flick legend gave the Indian youngster tips to take PCs.
Shooter Tomar Finds Fresh High After Domestic Double
Varun Tomar's dream of representing India at the Paris Olympics was crushed when he lost in the domestic selection trials to pick the final squad.
Neeraj to star in a world javelin event in India
India's two-time Olympic medallist and reigning world champion Neeraj Chopra will be the star attraction in a marquee international javelin tournament at home later this year, the Athletics Federation of India (AFI) said on Tuesday.
Cloud over review of 14-yr-old trade pact with Asean
THE REVIEW HAS STALLED SINCE INDIA'S OFFER OF A UNIFIED DUTY STRUCTURE HAS NOT FOUND FAVOUR AMONG ASEAN MEMBERS
