Try GOLD - Free

India Has To Build Its Strength To Sail Tariff Waters

Mint Mumbai

|

September 01, 2025

If a new global economic order is emerging, why should we delay embracing it?

- SHASHI SHEKHAR

I have always wondered what makes our society forget the lessons learnt during trying times. Those hurt by Trump's tariff tantrums should remember the deadly days of the covid-19 pandemic. The US, along with rich nations, erected regulatory walls to hoard drugs and vaccines for their citizens.

It's the same US that gave the clarion call for the world being a "global village" on the lines of India's Vasudhaiv Kutumbkum (the whole world is a family), though with questionable intent. While our forefathers were moved by the altruistic vision of sharing with the world, US president Bill Clinton, who popularised "global village", was focused on maximising his country's profits.

The reality of the global village unravelled during the pandemic. Trump mocked covid's very existence and flung his mask in a show of defiance. However, when cemeteries started filling up, he labelled it a "Chinese pandemic". He ordered reserving four vaccines per US citizen. No one knows how much it helped, but the pandemic wiped off many "villages" from the "globe".

MORE STORIES FROM Mint Mumbai

Mint Mumbai

Shanghai continues to make theme park mark

Shanghai is poised to cash in on family entertainment as it undergoes a surge in construction of new theme parks and upgrades existing ones, tourism and industry experts say.

time to read

3 mins

September 17, 2025

Mint Mumbai

Rupee rises 7 paise to 88.09 vs dollar

The rupee appreciated 7 paise to close at 88.09 against the US dollar on Tuesday, tracking US-India talks on the proposed trade agreement to iron out issues in the wake of steep Trump Tariffs.

time to read

1 min

September 17, 2025

Mint Mumbai

Mint Mumbai

Trump's war on the Fed: Why did US financial markets shrug it off?

They can be myopic but it’s the responsibility of others to peer into the future and assess the economic damage that’s likely

time to read

3 mins

September 17, 2025

Mint Mumbai

Israel starts ground offensive in Gaza

The Israeli military began its ground offensive in Gaza on Tuesday, slowly closing in on the Palestinian territory's largest city, where block after block has already been destroyed in the Israel-Hamas war.

time to read

1 min

September 17, 2025

Mint Mumbai

Rocks and rivers cast a spell

Ethnic groups celebrate their cultures in a gem that many have yet to discover.

time to read

2 mins

September 17, 2025

Mint Mumbai

The case for compact phones

They're making a quiet comeback, with smaller flagships that offer ease of use but don't compromise on performance

time to read

4 mins

September 17, 2025

Mint Mumbai

Mint Mumbai

PFRDA allows 100% equity NPS plans for non-govt subscribers

India's pension fund regulator has allowed fund managers under the National Pension System (NPS) to roll out tailored schemes, allowing the launch of 100% stock portfolios for non-government subscribers

time to read

1 mins

September 17, 2025

Mint Mumbai

Mint Mumbai

Snapdeal banks on fashion to boost e-commerce play

Company has seen its fashion and lifestyle categories triple in growth this year, says CEO

time to read

3 mins

September 17, 2025

Mint Mumbai

Gold shines ahead of likely Fed rate cut

Gold price surged ₹1,800 to touch a fresh peak of ₹1,15,100 per 10 grams in the national capital on Tuesday amid a weak US dollar and growing expectations of rate cut by the Federal Reserve.

time to read

1 min

September 17, 2025

Mint Mumbai

A nervy Fed call?

US President Donald Trump has been pressuring the Federal Reserve to ease its monetary policy.

time to read

1 min

September 17, 2025

Listen

Translate

Share

-
+

Change font size