BS EDIT: Trump’s Cabinet 2.0: Protectionism, and global ripples

By Business StandardPublished On Nov 29, 2024

A Cabinet aligned with Maga

Trump’s Cabinet aligns with his Maga agenda: hard-right picks include media figures, big business backers, and America First advocates

Trade: A protectionist stance

Trump’s tougher trade stance: tariffs on major partners, Greer as USTR for continuity, and unmet $200 billion China deal from his first term

Impact on India’s trade relations

India avoids initial tariffs but faces challenges: loss of duty-free benefits, possible Tesla concessions, and unlikely relief from Biden-era policies

Immigration and H-1B concerns

Homeland security chief Kristi Noem signals stricter immigration policies, tighter H-1B/Green Card controls, raising concerns for India’s IT sector

Key figures shaping foreign policy

Trump’s Cabinet: Gabbard raises Russia ties concerns, Rubio supports Israel, and Hegseth brings Fox News controversies to defence leadership

The road ahead

Trump’s second term: protectionism, stricter immigration, reshaped trade deals; India and the world face economic and diplomatic challenges