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The Tariffman cometh, Donald Trump, says the media
Donald Trump, the greatest political comeback of all time
Dr.G.R.Balakrishnan Nov 15 2024 Exim & Trade News

The Tariffman cometh, Donald Trump, says the media

During his wild ride to the US presidency this year, Donald Trump didn’t exactly hide his love for tariffs, aka the “most beautiful word in the dictionary.”

In his first stint as President (2017-2021), Trump didn’t hesitate to burn down the principles of free trade the United States once championed and espoused.

Armed with a trifecta government in Washington, Trump is expected to lean harder on trade wars. His close ally and fellow protectionist Robert Lighthizer could be back in the saddle as the United States Trade Representative, with an even bigger mandate: bring manufacturing jobs back to America.

 This would put all countries, India included, in Trump’s crosshairs.

 The sectors likely to be directly impacted by US tariffs (in future) include pharmaceuticals, IT services, textiles, and steel. However, this isn’t as straightforward, with tariffs acting more as a pressure point to influence other issues.