President-elect Donald Trump declared last week that he was following through with his electoral promise and impose “hefty tariffs” on imports from China, Mexico and Canada. The tariffs will kick-in from 20 January, when President Trump takes charge of the White House.
This is likely to kick off a global trade war. China itself is likely to devalue its currency, further weaponizing its exports. India too is vulnerable, as it is crucially dependent on China for intermediate imports.
To understand the implications, StratNews Global spoke to Ajay Srivastava, former additional director general foreign trade and founder of the Global Trade Research Initiative.
