The world trade order could potentially undergo a big reset if the US President goes ahead with his plan to impose/raise tariffs on several countries
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The global economy could potentially undergo a big reset in the world trade order if the US President goes ahead with his plan to impose/raise tariffs on several countries. The ambiguous communication, involving shifting goalposts, has heightened uncertainty for stakeholders, both within and outside the US. Refraining from touching upon the issue of internal pushbacks within US, we focus on what the initial steps announced by President Trump portend for the Indian economy via the lens of trade and tariffs. We acknowledge that the complex maze of trade and non-trade barriers would make impact assessment a rather challenging task. Nevertheless, we attempt to provide an outline through which one can assess the unfolding of the events.