Prøve GULL - Gratis
India has some weighty cards to play in negotiations with Trump
Mint Mumbai
|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.
Denne historien er fra March 10, 2025-utgaven av Mint Mumbai.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Mint Mumbai
Mint Mumbai
Bank-funded acquisitions won't displace private credit
The Reserve Bank of India's (RBI) draft framework for bank-led acquisition finance marks a decisive policy turn: Indian banks can now enter the acquisition finance market within a clear perimeter, reshaping the competitive dynamics between banks and private credit funds.
3 mins
November 20, 2025
Mint Mumbai
Air India lobbies to use airspace over China's Xinjiang
India-China flights resumed after a five-year hiatus.
1 mins
November 20, 2025
Mint Mumbai
Nitish Kumar to take oath as Bihar CM
JD(U) supremo Nitish Kumar to be sworn-in as Bihar chief minister for a record 10th time.
1 min
November 20, 2025
Mint Mumbai
A fresh perspective on abstraction in art
A new exhibition in Mumbai showcases different approaches to abstraction by artists like Zarina, Seher Shah and Mehlli Gobhai
3 mins
November 20, 2025
Mint Mumbai
Govt eyes post-cut GST revenue surge
FinMin expects Nov GST receipts growth to rebound to 10%
2 mins
November 20, 2025
Mint Mumbai
PayMate pulls plug on West Asia operations
The Visa-backed B2B payments firm is scrambling to raise more funds
2 mins
November 20, 2025
Mint Mumbai
Exide's dual bet: Can lithium-ion offset a weakening core?
Exide Industries Ltd is struggling to fuel its core lead-acid business while simultaneously turning its capex-heavy lithium-ion venture into a viable second growth engine.
1 mins
November 20, 2025
Mint Mumbai
Bank-funded acquisitions won’t displace private credit
The Reserve Bank of India's (RBI) draft framework for bank-led acquisition finance marks a decisive policy turn: Indian banks can now enter the acquisition finance market within a clear perimeter, reshaping the competitive dynamics between banks and private credit funds.
3 mins
November 20, 2025
Mint Mumbai
Afghanistan trade minister seeks India investments, goods
Afghanistan's Taliban trade minister arrived in India on Wednesday on a maiden visit to draw greater investments and goods as both countries consider ways to enhance their relations in the backdrop of souring relations with neighboring Pakistan.
1 min
November 20, 2025
Mint Mumbai
Fractal Analytics bets heavily on R&D in AI race before IPO
Enterprise artificial intelligence firm Fractal Analytics plans to maintain high research and development (R&D) spending ahead of its market debut for which a date has not yet been set, a top executive has said.
2 mins
November 20, 2025
Listen
Translate
Change font size

