Imposing a minimum of 10% baseline tariffs on all products entering US, & reciprocal tariffs on several countries, the US president said it was time to put ‘America first’.
The US president’s announcements have drawn sharp responses from several impacted countries, with some like China vowing retaliation and others seeking negotiations.
China has announced export controls on graphite days after US instituted curbs on semiconductor chips. Countries like India, in process of transitioning to green energies, to be affected.
Share of Indian export to Asian countries has dropped in the past decade despite forging major free trade alliances but it has gone up in traditional markets like US and Europe.
International trade is set to get a new lease of life as Covid-hit countries learn the value of global supply chains in the fight against the pandemic.
There is no doubt that once the world has conquered the coronavirus pandemic, there will be a tectonic shift in the global balance of power. India cannot be a lone crusader.
Under the ubiquitous 'Make in India’, we targeted a manufacturing growth of 14 per cent over five years. However, the 2020 growth is a paltry 2 per cent.
The Congress has promised Rs 50,000 assistance to each woman but as we've seen in many recent elections, voters seem to be conscious of the proverb: 'A bird in hand is worth two in the bush.'
Fears that an escalation of the conflict could heighten a fuel squeeze & endanger the economy unnerved traders, with NYT reporting Iran stopped negotiating a truce with the US.
French newspaper La Tribune earlier last week indicated that UAE withdrew from deal to fund EUR 3.5 billion. India is looking to order 114 new Rafales, which could include the F5.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
Thomas Piketty is not an economist. He is a propagandist. A woke Left “intellectual” whose objective is to make everyone of us equally poor, and therefore, equals.
Thomas Piketty is not an economist. He is a propagandist. A woke Left “intellectual” whose objective is to make everyone of us equally poor, and therefore, equals.