Changes in America’s economic structure, coupled with its global dominance in the services sector, explain why manufacturing now occupies only a modest share of the nation’s GDP
The latest installment of the Make-America-Great-Again (MAGA) assault on globalised economic growth takes the form of an import duty of 100% on a segment of pharmaceuticals.
Last Friday, US president Donald Trump increased the fee for an H1B visa to $100,000. This would force American companies to hire more American college graduates and stop the practice of companies bringing in low-paid workers from abroad to work in the US, he said.
Indian engineers have designed a three-nanometre chip. Another team of Indian engineers is hard at work developing a two-nanometre chip, right at the frontier of chip technology. So, India is taking great strides in the area of semiconductor design and manufacture, right? Wrong.
Cross border integration is a strategic imperative for regional energy security,economic growth, and climate resilience. This article argues that while the initiative has made commendable progress, emerging regulatory and infrastructural challenges must be addressed to unlock its full potential.
The contrast is stark in the way US is negotiating with China and India. For India, a penal duty of 25% has kicked in for trade with Russia. This will be on top of the higher than expected tariff of 25%.
From Trump’s MAGA to Kathmandu’s GenZ, emotive mobilisation around single issues/leaders is outweighing considered citizenly engagement. It’s regime change minus constructive agenda
India has overtaken China as the largest buyer of Russian oil. This is not because the Chinese are running scared of American wrath over their Russian commerce. China is increasingly moving to electricity for transport, with more than half of all new car sales being of electric vehicles and high-speed trains that run on electricity offering viable alternatives to air travel on quite a few routes, and will increasingly buy smaller quantities of oil. China has stepped up its purchases of piped natural gas from Russia.