A STRONG INDIAN ECONOMY BASED ON EQUITY AND JOBS CAN ONLY TAKE ON TRUMP’S TARIFF WAR
U.S. PRESIDENT’S AGGRESSIVE POLICY GIVES OPPORTUNITY TO DO AWAY WITH NEOLIBERAL POLICIES
2025-04-17 12:42
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Donald Trump has put off his proposed tariffs by ninety days; but countries like India have to respond to Trump’s measures whether now or after ninety days. These measures are not just an episodic act. Trump clearly threatens with tariffs any country that dares to act in a manner not approved by him; he is weaponising tariffs to assert US hegemony, quite apart from using them for economic ends like raising domestic activity and reducing the US current account deficit. We are in short witnessing a new phase of world capitalism; and for countries like India to pretend otherwise and carry on with “business as usual” would be absurd. “Business as usual” had brought great suffering to the working people of the country even in its heyday; to persist with it in the new situation will bring even greater suffering and even greater subservience to American dictates.