Essayer OR - Gratuit
India readies plans to tackle 'US first' policy
Business Standard
|December 02, 2024
India is working on various strategies and finance and commerce & industry ministries have already started brainstorming about the potential challenges that US President-elect Donald Trump's protectionist trade policies could pose, said a senior government official.
Trump champions his 'Make America Great Again' slogan and an 'America First' agenda. The incoming President's main tool for achieving these goals is tariffs. The US is India's largest trade partner, export destination, as well as the fourth-largest source of imported goods.
On Saturday, Trump threatened 100 per cent tariffs against nations of the Brics bloc, which includes India, if they act to undermine the US dollar.
"Brainstorming among ministries has already started. This is the biggest development that has happened and it will shape India's economic policy as well as policy decisions," a senior government official said.
The government is closely assessing Trump's election speeches and actions during his previous tenure, the official told Business Standard. "We don't know what the outcome will be, since Trump is known to be unpredictable, but we still want to be prepared," the official added.
Cette histoire est tirée de l'édition December 02, 2024 de Business Standard.
Abonnez-vous à Magzter GOLD pour accéder à des milliers d'histoires premium sélectionnées et à plus de 9 000 magazines et journaux.
Déjà abonné ? Se connecter
PLUS D'HISTOIRES DE Business Standard
Business Standard
I-bankers push for 5% block deal price band
Investment bankers have approached the Securities and Exchange Board of India (Sebi), seeking greater flexibility in the block-deal framework revised by the market regulator last year.
2 mins
March 18, 2026
Business Standard
Bracing for a flood of semaglutide generics, Novo holds the price line
With the patent on blockbuster obesity and diabetes drug semaglutide set to expire in India within days, paving the way for a wave of low-cost copies, Novo Nordisk has said it will avoid a price war, even as generic rivals gear up to offer steep discounts.
2 mins
March 18, 2026
Business Standard
Emergence to set up autonomous AI research lab in India, plans 500 hires
Emergence, a New York-based frontier AI firm, will set up a Bengaluru-based research hub focused on autonomous AI agents, with plans to hire about 500 scientists and engineers over the next three to four years.
1 min
March 18, 2026
Business Standard
₹600 cr war chest in works to boost spot LNG supplies
The government is building a war chest exceeding ₹600 crore to immediately augment gas supplies to fertiliser plants from spot markets, sources indicated.
1 mins
March 18, 2026
Business Standard
Think your father's property is yours by right? Not always says court
A recent Kerala High Court ruling has once again underlined a critical but often misunderstood aspect of inheritance:
1 min
March 18, 2026
Business Standard
Developing countries target more industries than wealthy ones: WB
Developing countries are pursuing industrial policy more aggressively than rich nations but many rely too heavily on blunt tools like tariffs and subsidies that are unlikely to work, the World Bank warned in a report on Tuesday.
1 min
March 18, 2026
Business Standard
When resolution becomes recovery
A collective resolution framework is being repurposed into an enforcement mechanism
4 mins
March 18, 2026
Business Standard
LPG supplies still concerning: Govt
The supplies of liquefied petroleum gas (LPG) remain concerning for India as the conflict continues in West Asia, said Sujata Sharma, joint secretary at the Ministry of Petroleum and Natural Gas (MoPNG), on Tuesday.
1 mins
March 18, 2026
Business Standard
Consumption of LPG falls 17%
Consumption of liquefied petroleum gas (LPG) in India fell by a steep 17.7 per cent in the first half of March on the back of supply disruptions due to the war in West Asia, preliminary industry data showed.
1 min
March 18, 2026
Business Standard
More ministries may get powers to order online content removal
The central government is considering amendments to Section 69(A) of the Information Technology (IT) Act, 2000, to empower key ministries like information & broadcasting, home affairs, external affairs, and defence, to issue emergency content-blocking and takedown orders, sources told Business Standard.
2 mins
March 18, 2026
Listen
Translate
Change font size