Bhubaneswar: Amid the global trade war commenced by US president Donald Trump every day comes with a new disrupting headline on the global economic situation. The flip-flop on tariffs is about a ninety day pause for all countries except China. Does it mean Trump escalated the trade war with China? The question arises in the minds of the Indian experts, leaders and analysts, what would be the scenario for India. There has been a puzzling situation in the global trading order due to the disrupting policies of the US president.
Even Trump is being accused of market manipulation and destroying the trading in the US itself. After the big announcement of the new tariffs and the fierce push backs from the global markets and global leaders across the world here comes the pause button. The tariff has been folded for ninety days simultaneously with his administration stating those who did not retaliate will be rewarded.
Trump has escalated the situation with China and both the countries are in a big global trade war. The biggest concern for the Indian trading situation is what would be the future of India in terms of the export and trading. The government of the land states that India has handled the situation with extreme efficiency unlike China. The back channel talks have already been heading towards a bilateral trade agreement.
Still there are many uncertainties because Trump is becoming very unpredictable with his decisions. There is a tag attached to the US president of market manipulation and insider trading on the basis of a social media post by him saying to the people that it is a great time for buying and selling in the market. It is very much dwindling to think about the global market situation from an Indian perspective.
-OdishaAge
