 "Tariff")
Swami Vivekananda said it best: “We enter the world like a gymnasium, to make ourselves strong.” But the world trading system — under Donald Trump’s whimsical tariffs — is beginning to resemble a wrestling mat rather than a gymnasium. Mr Trump has managed to swing trade deals in his favour by negotiating with each country individually. Even the 27 collective countries of the European Union — despite having a much larger market than the United States — have caved in to his pressure. So far, only China has stood up to him, leveraging its monopoly in rare earths.
India, whose
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