India has some weighty cards to play in negotiations with Trump
Mint Bangalore
|March 10, 2025
Trump: "You're not in a good position. You don't have the cards right now. With us, you start having cards." Zelensky: "I'm not playing cards. I'm very serious, Mr President. I'm very serious." Trump: "You're playing cards. You're gambling with the lives of millions of people. You're gambling with World War III."
Donald Trump told Volodymyr Zelensky that the latter had no cards no fewer than five times in the last 10 minutes of their infamous meeting at the Oval Office last week. The US President likes to think in terms of cards (both metaphorical ones used for negotiating deals and literal ones to gain permanent residency in the US). As much as I dislike reducing international relations to a game, realism demands that we deal with the world as it is.
India is a swing power between the US and China, and to a lesser extent between the US and Europe. Without overstating the case, India's choice can determine which side feels greater pleasure or pain on several geopolitical and geo-economic issues. Also, we are among the few countries that view closer ties between the US and Russia favorably. If a transactional Trump only recognizes cards and how to leverage them, then India needs to strengthen its hand and play its own cards well.
What might be those cards? Let me list 13 cards of a suit, with a joker to go along with them.
Two: Cooperate on illegal immigration. Let Washington repatriate verified Indian nationals at its expense.
Three: Support the US dollar as the world's reserve currency.
Four: Support the use of Swift as international payments infrastructure.
This story is from the March 10, 2025 edition of Mint Bangalore.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Mint Bangalore
Mint Bangalore
China's export boom hurts the job prospects of Asia’s Gen-Z
Manufacturing jobs are vanishing as cheap Chinese goods flood in
3 mins
December 19, 2025
Mint Bangalore
RBI clean-up forces rethink on NBFC-fintech co-lending
Co-lending relationships between regulated lenders such as banks and non-banking finance companies (NBFCs) on one side and fintech firms on the other are seen changing significantly in the next three to five years, experts said at a Mint BFSI Summit panel discussion.
2 mins
December 19, 2025
Mint Bangalore
Why IndiGo is Sensex’s worst newcomer
IndiGo's parent, InterGlobe Aviation Ltd, has suffered a sharp selloff due to its operational meltdown days before inclusion in the BSE Sensex.
2 mins
December 19, 2025
Mint Bangalore
All that cheap Chinese stuff is now Europe's problem
Trump's tariffs have redirected the flow of low-valued packages away from the U.S. into backyard warehouses on the Continent; the 'new Silk Road'
8 mins
December 19, 2025
Mint Bangalore
L Catterton bets on Haldiram Snacks
Consumer-focused global investment firm L Catterton has invested an undisclosed amount in Temasek-backed Haldiram Snacks Food Pvt. Ltd and entered into a strategic partnership, as private equity interest in India’s snacks and packaged foods sector continues to rise.
1 min
December 19, 2025
Mint Bangalore
SHANTI bill to open up nuclear sector gets RS nod amid concerns
The Rajya Sabha on Thursday passed the bill to open up nuclear power generation to the private sector and ease liabilities on suppliers amid the Opposition's concerns over allowing private players in the sector and the lack of liabilities for suppliers of components.
1 mins
December 19, 2025
Mint Bangalore
How child-free couples are rethinking retirement math
Focus is on flexibility, experiences and early retirement over traditional child-centric targets
3 mins
December 19, 2025
Mint Bangalore
Nuclear recharge: Let's hedge our import bets
India's new nuclear law aligns our framework with global norms and looks set to revive a languishing source of clean energy. But don't give up on efforts to minimize import reliance
2 mins
December 19, 2025
Mint Bangalore
India's RDI Fund: We just cannot afford to miss our R&D moment
The Centre's big push is in the right direction but outcomes will depend on how well we redesign the broader R&D ecosystem
2 mins
December 19, 2025
Mint Bangalore
Sumitomo Realty bets on Mumbai
Japan’s Sumitomo Realty and Development, the country’s third-largest developer, plans to expand in India with an unusual strategy: focusing on Mumbai and managing apartments rather than selling them, executives told Reuters.
1 min
December 19, 2025
Listen
Translate
Change font size

