Economic Security and Resilience Review
Date: December 08, 2024
The election of Donald Trump for a second term as US President has led to considerable speculation regarding the impact of his ‘America First’ policies and his reliance on tariffs as a tool of negotiation and economic coercion.
This issue looks at the trade measures adopted during Trump’s first term, as well as trade related developments during the Biden administration. It then assess the implications of Trump’s pronouncements for the economic security and resilience landscape globally, as also for India.
The author further highlights the European Commission’s preparations for trade tensions under Trump, including through a ‘Europe First’ industrial policy and strategy for key business sectors.
Indonesian President Prabowo Subianto paid important visits to both China and the US during the month, but their respective outcomes present a study in contrasts and highlight the challenges facing developing countries as they attempt to balance their economic relationships with these major powers.
This issue also covers the APEC summit held in Lima, which revived the idea of forging a Free Trade Agreement of the Asia Pacific (FTAAP) that had lost momentum after the US’s exit from the TPP in 2017.
President Xi Jinping’s bilateral visits to Peru and Brazil during the month saw the inauguration of the Chancay deep sea port on the Pacific coast of Peru developed and financed by China under the BRI, marking a further step in the progress of China-linked infrastructure connectivity in Latin America.
Other issues covered in this report report include sanctions on 19 Indian entities by the US for ‘aiding’ the Russian war in Ukraine, and the decision taken by the Indian and British PMs to resume the India-UK FTA negotiations.
To read this issue of the ESRR, Vol. II, Issue 11, please see the PDF attached
This issue looks at the trade measures adopted during Trump’s first term, as well as trade related developments during the Biden administration. It then assess the implications of Trump’s pronouncements for the economic security and resilience landscape globally, as also for India.
The author further highlights the European Commission’s preparations for trade tensions under Trump, including through a ‘Europe First’ industrial policy and strategy for key business sectors.
Indonesian President Prabowo Subianto paid important visits to both China and the US during the month, but their respective outcomes present a study in contrasts and highlight the challenges facing developing countries as they attempt to balance their economic relationships with these major powers.
This issue also covers the APEC summit held in Lima, which revived the idea of forging a Free Trade Agreement of the Asia Pacific (FTAAP) that had lost momentum after the US’s exit from the TPP in 2017.
President Xi Jinping’s bilateral visits to Peru and Brazil during the month saw the inauguration of the Chancay deep sea port on the Pacific coast of Peru developed and financed by China under the BRI, marking a further step in the progress of China-linked infrastructure connectivity in Latin America.
Other issues covered in this report report include sanctions on 19 Indian entities by the US for ‘aiding’ the Russian war in Ukraine, and the decision taken by the Indian and British PMs to resume the India-UK FTA negotiations.
To read this issue of the ESRR, Vol. II, Issue 11, please see the PDF attached
