Trump's WTO Challenge: How Global Trade Shifts Impact India's Economy
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News18•23-01-2026, 11:43
Trump's WTO Challenge: How Global Trade Shifts Impact India's Economy
- •Donald Trump's return to power in 2025 has led to significant shifts in global trade, including aggressive actions against Venezuela and talks of incorporating Greenland.
- •Experts warn that the US is weakening the WTO from within by blocking the appointment of judges to its Appellate Body, effectively crippling its dispute resolution mechanism.
- •Trump views the WTO as an obstacle to America's arbitrary actions, believing the US should not be bound by rules when dealing with countries like China or India.
- •The collapse of the WTO could lead to a policy of retaliation, arbitrary actions by powerful nations, formation of trade blocs, and increased global inflation.
- •For India, the WTO has been a protective shield for sectors like pharmaceuticals and IT; its weakening could expose India to unilateral restrictions and diminish bargaining power.
Why It Matters: Trump's actions threaten the WTO's existence, forcing India to prepare for a global trade system based on power, not rules.
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