martes, 4 de junio de 2019

Trump, trade and trust | The Indian Express

Written by Sanjaya Baru |Updated: June 4, 2019 12:25:35 am

The writer is Distinguished Fellow, Institute for Defence Studies and Analysis, New Delhi.

Trump, trade and trust

US president needs to be convinced that helping India’s economic rise will be in the US’s interests in the long run

US India trade, US India preferential trade, US India preferential treatment, Donald Trump, Narendra Modi, US India trade relations, GSP, US exports to India, Indian exports to US — Part of the reason why India is at the receiving end of Trump’s trade tantrums is because he may have fallen into the trap we created of projecting India as a “Rising Power” and the “World’s Fastest Growing Economy”

United States President Donald Trump’s trade policy action against India suggests the narrative of a Rising India may well have met its comeuppance. The action has been explained away by some as collateral damage with the main targets being China and the trade-surplus enjoying OECD economies, especially Germany and Japan. The Federation of Indian Export Organisations has estimated that only $6.35 billion worth of trade, out of a total bilateral trade of $51.4 billion, benefits from US trade preferences. India can absorb that shock. The point is not that. How is it “fair” for the world’s richest nation to target a poor one in the name of “fair trade”?