Content from the Brookings Institution India Center is now archived. After seven years of an impactful partnership, as of September 11, 2020, Brookings India is now the Centre for Social and Economic Progress, an independent public policy institution based in India.
U.S. President Donald Trump has unleashed a wave of tariffs over the past year against many of its largest trading partners including China, Canada, the European Union, and Mexico. India too has been affected, particularly by tariffs on steel and aluminium. The rest of the world now confronts choices about how best to respond, in what areas, with what adjustments to trade and economic policy, and whether to approach the issue bilaterally or multilaterally.
Brookings India hosted an expert roundtable featuring Jaimini Bhagwati, RBI Chair Professor at Indian Council for Research in International Economic Research (ICRIER) and former Ambassador to Belgium, Luxembourg, and the European Union, and High Commissioner to the United Kingdom. The discussion was chaired by Shivshankar Menon, Distinguished Fellow at Brookings and India’s former National Security Advisor and Foreign Secretary.
The discussion was under the Chatham House Rule.
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Three weeks ago, a lot of the conservative British press was saying it was the total collapse of the relationship and the worst ever. I guess tomorrow they’ll say it’s a huge breakthrough. I don’t think either is true. [...] Aukus really shows what the UK has to contribute and it’s effective because it is in the high-end technology area that the UK has specialised in. There’s an alignment there and it has something big to contribute. That’s a very positive thing. [...] Talk of an Anglosphere or anything like that as an organising principle for the relationship or for US foreign policy is very ill-advised. I don’t think that’s helpful or accurate in terms of where things are headed. [...] There are very significant challenges [to a US-UK free trade deal] and I don’t think those are going to be wiped away.