3 Things Losing trust in the US, the National Herald Case, and SC on Waqf Act
Apr 17, 2025
Udit Misra, an expert from The Indian Express, delves into the repercussions of the Trump administration on the U.S.'s global standing and economic trust. He highlights how declining confidence affects U.S. assets and the global market, especially for nations like India. The conversation also touches upon the National Herald case, where allegations against Congress leaders stir political debates. Lastly, the Supreme Court's insights on the Waqf Amendment Bill are explored, revealing the intricate legal politics at play in India.
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Liz Truss UK Economy Crisis
- Liz Truss's short UK premiership showed how risky bad economic plans can be for market trust.
- Bad fiscal moves can lead investors to abandon a country’s currency and bonds, causing economic crisis.
US Tariffs Weaken Dollar Trust
- The US faced similar market distrust due to President Trump's tariff policies, weakening the dollar.
- This erosion of confidence threatens the global economy, as many countries hold dollar assets.
Impact of Dollar Weakness Globally
- A falling dollar reduces the value of dollar-denominated assets held by countries like India.
- Weakening dollar increases import costs globally, amplifying economic stress for consumers and economies.