How Countries Like India Should Not Respond to Trump’s Tariffs

DONALD Trump has put off his proposed tariffs by ninety days; but countries like India have to respond to Trump’s measures whether now or after ninety days. These measures are not just an episodic act. Trump clearly threatens with tariffs any country that dares to act in a manner not approved by him; he is weaponising tariffs to assert US hegemony, quite apart from using them for economic ends like raising domestic activity and reducing the US current account deficit.

Trump’s Tariff Aggression

IT is important for an intellectual position not only to be right but to be right for the right reasons; and the near-universal condemnation of Donald Trump’s aggressive imposition of tariffs, though right, is right for the wrong reasons. A pervasive presumption underlying such condemnation has been that unrestricted trade is a good thing for all concerned; and that Trump, in deviating from this maxim, is being both nasty and stupid.

Europe’s Apparently Puzzling Bellicosity

ONE of the puzzling phenomena in world capitalism today is the bellicosity displayed by Europe vis-à-vis Russia. The claim that Russia has imperialist designs towards Europe, which the European ruling circles keep repeating, is clearly absurd. It is NATO that moved eastwards, in violation of a promise made by the US administration to Gorbachov, and provoked Russia; and it is NATO members, notably US and UK, that torpedoed the Minsk agreement reached between Russia and Ukraine which would have prevented the war.

The Return of Mccarthyism

THE Trump administration’s current clamp-down on free speech in the United States is eerily reminiscent of the 1950s when there had been a witch-hunt led by Senator Joseph McCarthy that had not only victimised a whole generation of artistes and intellectuals on the charge of being Communists, but had also left a deep negative imprint on the creative life of that country for decades to come.

Two Alternative Growth Paradigms

NOBODY can claim that the rate of growth of agricultural production, especially of foodgrain production, has been higher in the neoliberal period than during the years of dirigiste development that preceded it; it may have been somewhat lower but let us agree that it is certainly no higher. On the other hand the rate of growth of Gross Domestic Product is estimated to be significantly higher; several economists have argued that this growth rate is exaggerated, but again let us agree that taking the period as a whole it has been noticeably higher.

Imperialism’s Revival Strategy

DONALD Trump’s foreign policy has left commentators in a real tizzy. His markedly differing positions with regard to Ukraine and Gaza, in the first case apparently pursuing peace, and in the second asking for ethnic cleansing of an entire population, have left them wondering whether his influence on world affairs is a “positive” one or not.

The Worldwide Assault on Working People

UNDER late capitalism, there is an assault on the working people that is reminiscent of early capitalism and this assault is worldwide, not just in the third world but in the advanced capitalist countries as well. This assault is at three levels, economic, political and ideological.The assault at the economic level has been much talked about, and is the outcome of both higher inflation and greatly enhanced unemployment that currently afflict the capitalist world.

The Inhumanity Engendered by Capitalism

GEORG Lukacs, the renowned Marxist philosopher had once remarked that “even the worst socialism was better than the best capitalism”. That remark made in 1969 and repeated in 1971, no doubt on the basis of Lukacs’ perception of actually existing socialism in the Soviet Union and Eastern Europe with which he was familiar, had been treated sceptically even in Western Left circles at the time.

A Budget of Great Cynicism

NO budget in post-independence India had been as openly cynical about the lives of the vast masses of the working people as the one presented on February 1, 2025. All pundits, from the finance minister downwards, agree that the strategy of the budget is to stimulate the economy by boosting middle class consumption through tax-cuts.

The Dangers of Centralisation

WELL-known Marxist scholar, the late Amalendu Guha, had argued persuasively that in modern India there co-existed in the minds of the people a dual national consciousness: a local, regional-linguistic nationality consciousness, of being a Bengali, or a Tamil, or a Gujarati or an Odiya; and also simultaneously an overarching pan-Indian consciousness. This duality, he had argued, had to be cognized and accepted; an over-emphasis on either one to the exclusion of the other would produce a dangerous reaction.

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