As the US celebrates its 242nd Independence Day today, the global order it has dominated for many decades is again being transformed. Earlier transformations saw US influence alternately increase – such as when the Soviet Union and its satellites collapsed three decades ago – and undergo relative decline, as with its global clout vis-à-vis China in the years since the Iraq war.
The current metamorphosis is fuelled by President Donald Trump’s muscular reorientation of US policies, most notably on trade. This impacts India’s interests, but not necessarily in black and white terms. There are both pitfalls to be avoided as well as advantages to be reaped.
Though many pundits, including most American ones, have been sharply critical of the US policy shift, it is important to grasp that it is not some fad foisted on the world by a whimsical leader. Read More