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Trump's Trade Order
Business Standard
|February 12, 2025
India has an early opportunity to present its position
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American President Donald Trump's economic and political ideas are unsettling the world. Given the importance of the United States (US) in the global economy and political order, it is anybody's guess how the world will look in four years. It is also likely that Mr. Trump's ideas will last longer than his term. Be that as it may, the world will have to deal with disruption in the foreseeable future. Individual countries will need to be prepared to negotiate and adjust to protect their interests. Prime Minister Narendra Modi's trip to the US this week provides India an early opportunity to present its position to the new Trump administration. The meeting between the two leaders will, among other things, take place against the backdrop of Mr. Trump's imposition of a 25 percent tariff on US steel and aluminum imports without exception. Before this, he had imposed a 10 percent tariff on China and threatened to impose tariffs on Mexico and Canada.
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