Posts

Showing posts with the label Tariffs

World-System (1950-2100+) What Can India Do About Tariffs?

Image
  The Trump II Administration has recently imposed 50% Tariffs on Indian imports trying to limit Russian Oil purchases . Whatever the rationale might be for punishing the Indian Economy in this way, the question now is what can India do about it? ChatGPT5 (recently released) reports: Negotiating with the  Trump II Administration  seems pointless (although negotiating with other countries might be useful) so in this post I will focus on diversification and domestic adjustment (see the expanded ChatGPT5 output in the Notes below).  Diversification , in the framework of my State Space Models (see the Boiler Plate ) involves establishing linkages with countries and regions other than the US while domestic adjustment involves technological change. The graphic at the beginning of this post shows future projects for various Geopolitical Alignments and structuring of the Indian economy from the WL20 IN Model . The graphic displays the do...