Daybreak
‘Boys will be boys’ — Trump, tariffs and the dismantling of global trade
Apr 11, 2025
Dive into the tangled web of global trade as Donald Trump's tariff policies unfold. Explore India's struggle to navigate these restrictions and its surprising concessions to the U.S. Unpack the quirks of Trump's inner circle, where advice comes from unlikely sources. Witness the stark contrast between Indian and Chinese startups amidst rising import tariffs. Finally, discover how these shifting dynamics are reshaping India's economic future and global brand.
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Quick takeaways
- Trump's unpredictable trade policies, highlighted by a recent pause on tariffs, significantly impact global markets and wealth distribution.
- India's passive trade stance and ongoing concessions to the US reveal vulnerabilities in its economic strategy and startup ecosystem.
Deep dives
Trump's Tariff Turmoil
Donald Trump recently stirred global markets with his tariff announcements, initially claiming he was in control of the situation and enjoying the chaos. However, just a day later, he implemented a 90-day pause on tariffs for most countries, while significantly increasing them on China by 125%. This decision led to a dramatic resurgence in the stock market, adding over $300 billion to the wealth of the world’s richest individuals. Trump's erratic statements and reversal of policies illustrate the unpredictability of his approach to trade relations, especially with China.
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