A Global Tariff War: An assessment of Toll on Indian trade
Chaos has been the name of the game ever since the trade relations between the two global economic giants have started getting strained, helped in no mean way by the eccentricities of the incumbent US President and his adherence to the adage of pen being mightier than the sword. Sitting at the helm and compelled by the promises he made to get there, Mr. Trump took upon himself the task of minimizing trade deficit between US and China and he chose a unilateral increase in tariff as his means to achieve the aim. That began a domino effect that has spiraled so far out of control as to cause a global economic slowdown. India has not been immune to the impact that the event had and while it might have appeared that it would turn out as the obvious alternative to China given the similarity of labor supply (available aplenty in both nations) and emerging markets, the news has not been all good. The slowdown has hit certain industries hard and it remains to be seen whether the future bodes we...