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Well, former Indian diplomats Rashke goel is now joining us live from New Delhi, Ambassador Goya. Welcome to the broadcast. What do you make of uh Trump’s trade war with Canada, Mexico and China. Let’s start from there.A clearly Trump had already announced even before his election as a part of his campaign about what he thinks of about these three countries and several other countries for him. The major issue for American trade policy is Paris and not only but it’s combined or in conjunction with the immigration policies in conjunction with the other crime.
And he really believes that the trait with these countries is partly contributing to those and therefore, the tariffs, uh, yes. Uh, I wanted to speak about India but they will later. We will later, uh, and shortly after that. Um,mr Ambassador, the effects are immediate but could take some time to be felt but help us make sense of how the tariffs could disrupt Global Supply Chains. The latest great analysis and the GDP analysis in the USA.Clearly indicates that the American Expo.
So, the American manufacturers are becoming more expensive compared to several other countries, simply because of the cost of liver now. But reducing the of increasing the carry, even the input costs are going to increase or reduce the supply of those products into the country. Thus impacting on the production within the USA, labor, labor cost, employment rate, etc, etc. Number two, uh, if you impose tariffs are back, super has already announced increased study Canada,
has announced 45 percent carry other countries are going to come and fill in the Gap in case they don’t have any type. So there is going to be a huge disruption and change in the way the supply chains behave, and I think in the process, the vulnerable country, really will be the USA and the countries like Canada and Mexico, whose grade is going to be impacted, but China, Vietnam, Etc. Could benefit from thisdisruption, this Ambassador. Let’s now talk about India. India has managed to cushion itself, but in your view, what are the sticking points in India and Do you make of how the Indian Finance Ministry is not taking chances
I think in the case of India is not the trade per se, which really is important. In my view, really trade is not very high compared to the size of the two economies. Uh, the issue is that India is important for the USA as a balancer, or as China in indoor specific at the South China Seas and therefore,
I think India will continue to be important for Trump. As long as Trump feels a China is a threat but today, when he said that the duties that get China will be only 10 percent. I think there is a possibility of trump going solved or China if the things change. And in my view India besides actually trying to restructure, the tariffs of Imports Etc etc. We have to really work on two fronts
Becoming a manufacturing up becoming a part of the global supply chains. And number three, most importantly, uh, impressed on the USA that the foot pro quo, for being what they want is not just trade, but access to technology and the products that India need in the high technology sector.Is a discussion.
What will be your advice to Asian countries when you know, Trump decided to impose tariffs on these three countries. How can they remain optimistic going forward l don’t think they can remain optimistic every every Country which has a trade that USA is vulnerable. And therefore, I think it’s useful to develop a coherent uh, strategy now rather than later before Trump strikes again.
