Trump’s Tariff War as Opportunity for Global South
• Salman Khurshid, former External Affairs Minister of India, highlights the need for strategic recalibration and a more equitable world order due to the economic, geopolitical, and technological disruptions.
• Trump’s economic warfare is motivated by three imperatives: addressing America’s silent majority, bolstering America’s economic strength, and reversing America’s perceived deindustrialization.
• Trump’s domestic politics, including sanctions and tariffs, undermines the liberal international order and undermines transnational organizations and treaties.
• The tariffs are a disguised super-tax on American companies and consumers, aiming to bolster America’s economic strength by extorting nations and companies.
• The tariffs are affecting India’s textiles, jewellery, gems, auto components, and metals sectors, highlighting the impact of old imperial habits.
• Despite the tariffs being Trumpian, reversing America’s perceived deindustrialisation and checking China’s ascendance has bipartisan support. Despite the U.S.-Russia meeting on Ukraine, penalties against India continue, possibly as leverage against nations pursuing multipolarity.
• The tariffs also include provisions to check China’s strategic influence while furthering American national security goals.
India’s Response to the Epistemic Polycrisis
• India needs to reassess its geopolitical convergence with America, given the U.S.’s renewed commitments to Pakistan and its potential to rehyphenate India and Pakistan.
• The U.S.’s actions have disrupted the India-U.S. partnership, forcing India to make major concessions to China.
• India must manage competition, avoid conflicts, and strengthen itself.
• The government must confront President Trump more aggressively in pursuit of India’s national interest.
• Prime Minister Narendra Modi’s foreign policy adventurism has not furthered India’s strategic interests and needs to be re-calibrated.
• The Modi-doctrine has bound China and Pakistan in an “iron-clad alliance,” isolated India in its neighbourhood, put India’s wealth-creators at risk of tariffs, and subjected American-Indians to virulent racism.
• India must leverage this polycrisis to reshape the world’s geo-economic and political architecture.
• India must champion multipolarity as an alternative to both unipolarity and bipolarity.
• To do this effectively, the government must urgently redress India’s structural problems, including a four-decade low in manufacturing, high unemployment, and stagnant private investment.
Global South Economic Opportunities is important topic for Civil service exam (WBCS).
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