a quick read on the trump tariffs imposed today. they will hurt, yes, but India didn’t do as badly as feared, and there are medium to long term benefits from competition and reduced protective tariff walls.
https://open.substack.com/pub/rajeevsrinivasan/p/ep-161-trump-tariffs-impact-on-the
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+ India's manufacturing growth stagnated while Vietnam outpaced us. Manufacturing exports were growing faster under UPA govt than now.
+ "Trump offered an olive branch to Beijing linking the sale of TikTok to relief on trade" -- India has no such leverage.
+ "Claiming to create jobs and pay taxes while burning foreign capital to dismantle kirana stores is not innovation."
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