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If Trump shifts attention to services, there might be a lot of collateral damage
THE WEEK India
|December 28, 2025
Q/ What is the long-term damage a few months of high US tariffs could do to the Indian economy?
Failure to do a trade deal with the US is a long-term lost opportunity.
We could have gotten out of our blinkered mindset on agriculture trade. We could have allowed much higher purchases of corn at low prices, at zero tariff, to build alternative supply lines for petrol. We could have allowed the purchase of soybean oil to reduce dependence on palm oil imports. Similar for poultry and dairy. This would have got us good deals on textiles, fisheries, gems and jewellery, and other exports of our strength and advantage.
Q/ Some economists say it is not just a trade issue, but something that will have a domino effect on jobs and consumption. How true is that?
Esta historia es de la edición December 28, 2025 de THE WEEK India.
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