India’s Confidence About Trump’s Tariffs Is Deluded
A nation that thinks it cannot win on cost or quality should not rely on leaders to provide a magic bullet for competitive success.
Facing facts: India’s trade delusions won’t protect it from Trump’s tariffs.
Photographer: Prashanth Vishwanathan/BloombergIndia’s policymakers should be drawing up strategies to deal with the new age of trade barriers. Instead, they seem to be looking forward to it with a certain confidence, even optimism. There is none of the concern or outrage visible in other countries that US President Donald Trump has targeted.
Indeed, if anybody nourished a vague hope that Trump would fail to impose tariffs on Indian exports, the man himself dashed them last week. Duties would be imposed on goods coming into the US from April 2, he said in an interview to Breitbart News, adding for good measure that India was “one of the highest tariffing nations in the world.”