India's trade policy must evolve

Global Trade has been witnessing serious turbulence since Donald Trump entered the high office. Indiscriminate enhancement of import duties on products for reasons (national security) unlikely to stand legal scrutiny has come as a major threat to the smooth flow of global trade. While the US may have reasons to worry about the growing trade deficit with China, Mr Trump’s solutions will not pay long-term economic dividends. However, “correcting” US trade flows is not the only reason for Mr Trump’s excitable policy announcements. Arguably, he has twin objectives. Firstly, his actions are directed as reports to his constituency, as he

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper