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Indian Diplomacy: Global Impact of Trade Wars

#Tariffs #MarketCrash #SupplyChains Discussion between foreign affairs expert Dr. Sreeram Chaulia and the former Indian lead negotiator at the WTO, Ambassador Mohan Kumar, on the systemic repercussions of the trade wars unleashed by US President Donald Trump through a blitz of tariffs on dozens of countries. Themes covered include concerns about a global economic recession or depression, the variegated responses of targeted countries to the American tariff walls, the redirection of supply chains and geopolitical alignments due to record high levels of American tariffs, the Indian strategy in managing the trade wars, and the prospects for a bilateral trade agreement between India and the US to settle the trade dispute The trade war launched by U.S. President Donald Trump poses significant risks to the global economy, with potential to trigger a worldwide slowdown, if not a full-blown recession, especially by disrupting supply chains and dampening investor confidence. Beyond the U.S., export-driven economies such as China, Canada, Japan, South Korea, Vietnam, and members of the EU are among the hardest hit, each seeking different recourses—retaliatory tariffs, diplomatic engagement, or market diversification—to cushion the blow. The varied responses from targeted nations reflect differing levels of economic dependency on the U.S. and distinct strategic calculations; for instance, China and Canada’s aggressive pushback contrasts with India and Mexico’s measured restraint, highlighting divergent geopolitical and economic priorities. Ironically, many of America’s closest Indo-Pacific allies now face the dilemma of recalibrating their ties, potentially drawing closer to China, thereby undermining the U.S. strategy of counterbalancing Chinese influence in the region. For India, the situation presents a complex test: while certain export sectors may benefit from trade diversion, the broader economic impact and strategic fallout from U.S. tariffs threaten to strain the India-U.S. relationship. Whether India can negotiate a bilateral trade deal without excessive concessions will be a key measure of its diplomatic and economic agility in this turbulent new trade landscape 0:00 - Introduction 1:46 - Will Trump’s Trade War Trigger a Global Recession? 4:48 - Who Suffers Most From Trump’s Trade War and What Can They Do? 6:02 - How Nations React to U.S. Tariffs 9:42 - Will U.S. Tariffs Push Key Indo-Pacific Allies Toward China? 14:27 - Can India Balance Gains and Losses in U.S. Trade War Fallout? 18:46 - India-U.S. Trade Deal: Possible Without Major Concessions? 25:32 - Conclusion #LiberationDay #China #EuropeanUnion #Canada #Mexico #Vietnam #Indonesia #Japan #SouthKorea #trade #trading #tradewar #economics #globaleconomy #indianeconomy #trump #donaldtrump #trumpadministration #trumpnews #trumptariffs #trumppolicies #usforeignpolicy #foreignpolicy #export DD India is India’s 24x7 international news channel from the stable of the country’s Public Service Broadcaster, Prasar Bharati. Launched in 2021, DD India has made a name for itself to deliver balanced, fair and accurate news from India and around the world. Apart from daily news bulletins tracking the developments around the world, DD India airs major events of national importance, analysis of current events and informative discussions. DD India offers fresh perspective on India's engagements with countries across the globe with interviews of global leaders apart from who's who of industry, academia and tech sectors. DD India's rich repertoire includes primetime bulletins like News Night, World Today, Express News, Mid-day Prime among others. Follow us on our social media platforms for latest news and updates. Follow us on X/Twitter:   / ddindialive   Follow us on Instagram:   / ddindia   Subscribe to our YouTube channels: DD News:    / ddnews   DD India:    / ddindia   Download DD News Mobile App: https://play.google.com/store/apps/de... Watch More Videos:    / ddnews      / ddindia   #BreakingNews #LatestNews #TodayNews #PoliticalNews #News #NewsInEnglish #InternationalNews #international #LatestUpdates #GlobalNews #Doordarshan