Donald Trump is set to return to the White House as the 47th President of the United States on January 20, 2025, for his second term and his pre-election rhetoric about increasing tariffs has sparked discussions about potential implications for global trade and India’s economy. U.S. President-elect Donald Trump on Monday denied a newspaper report that said his aides were exploring tariff plans that would only cover critical imports. His threats to impose higher tariffs on countries like China and India have raised eyebrows in global markets. We have seen his controversial labelling of India as the "Tariff King," Indian economists and policymakers are debating the potential implications of these policies on the country’s economy. How should India prepare for Trump 2.0?
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