Why it matters:
The potential reimposition of tariffs by U.S. President Donald Trump marks a renewed wave of protectionist trade policies that could disrupt global trade flows, particularly for developing economies like India.
The big picture:
According to India Today, India’s government has sent its Minister of Commerce and Industry, Piyush Goyal, to the U.S. in an attempt to reach a deal on the new trade measures. India, which has already lowered certain tariffs, is reportedly prepared for further dialogue.
Key points:
- Former U.S. President Donald Trump is pushing for trade talks with India, Vietnam, and Israel ahead of implementing new tariffs.
- Vietnam has expressed a willingness to reduce tariffs to zero, positively impacting U.S. markets.
- The talks reflect widespread concern among U.S. trading partners regarding the disruptive potential of protectionist economic policies.
Go deeper:
The development underscores the evolving nature of U.S. trade diplomacy, increasingly shaped by unilateralism and transactional politics, which contrast sharply with multilateral economic cooperation.
ahmad shirzadian
