Ajay Shah
US President Donald Trump’s new tariffs on India will likely cause some immediate economic damage. But the greater risk is that they will prompt the Indian government to turn inward, when it would be better off seeking new international partners and reaffirming its commitment to the globalized economy that has served it so well.
NEW DELHI – US President Donald Trump’s decision to impose new tariffs on a wide range of imports from India, ostensibly a penalty for buying Russian oil, represents another shock to the international trading system – and a sharp reversal of good relations with Indian Prime Minister Narendra Modi. These tariffs could disrupt the Indian economy, which has benefited immensely from global integration. But the greater risk lies in their potential to influence the country’s long-term strategic direction.
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