Economists are right to denigrate Trumpâs trade policies. Other countriesâ unfair trade practices are not the main reason for the US trade deficit and targeting bilateral trade imbalances is downright silly. While the trade deficit has contributed to the decline of US manufacturing, it is hardly the most important factor. Besides, it enables American consumers…
There is now an overwhelming consensus in financial markets that the six members of the Monetary Policy Committee of the Indian central bank will vote to reduce policy interest rates once again at their next meeting later this month. There is ample reason for them to do so. Inflation has been receding for four months…
Among the fastest to achieve celebrity status in Americaâs new administration is Karoline Leavitt, the White House press secretary, fielded by President Donald Trump to handle the media. Aged 27, she is the youngest ever to hold this job. To her credit, she already seems to have made the briefing room âgreat again.â At least…
At its most basic, a tariff is a tax or duty on an imported good or service. It can be on a single product, a category of products or applied on all imports from a specific country. In the first weeks of the new Trump administration, all these forms have been announced. For instance, Trumpâs…
Zelensky: âIâm not playing cards. Iâm very serious, Mr President. Iâm very serious.” Trump: âYouâre playing cards. Youâre gambling with the lives of millions of people. Youâre gambling with World War III.” Donald Trump told Volodymyr Zelensky that the latter had no cards no fewer than five times in the last 10 minutes of their…
Letâs take stock of Indiaâs external environment. Our pile of foreign exchange has dropped by nearly $80 billion or about 12% in five months. Much of this loss was because the Reserve Bank of India was trying to defend a falling rupee. The rupee-dollar rate is racing towards 88 and beyond, down by 6% in…
