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America’s bilateral tariff spat: Looking beyond the Washington consensus

By: Nag, Gouri Sankar and Mazumdar, Ayush.
Material type: materialTypeLabelBookPublisher: Economic & Political Weekly Description: 61(7), Feb 14, 2026: p.12-14. In: Economic & Political WeeklySummary: The renewed tariff disputes between the United States and India under Donald Trump’s return to presidency are analysed, situating them within the decline of the Washington Consensus and the emergence of a multipolar order. Trump’s unilateralism signals the weakening of rule-based multilateralism and the anxieties of American hegemony. For India, punitive tariffs pose risks but also open avenues for trade diversification, regional engagement, and a rethinking of non-alignment as a strategy for autonomy and resilience. –Reproduced https://www.epw.in/journal/2026/7/commentary/americas-bilateral-tariff-spat.html
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Articles Articles Indian Institute of Public Administration
61(7), Feb 14, 2026: p.12-14 Available AR138649

The renewed tariff disputes between the United States and India under Donald Trump’s return to presidency are analysed, situating them within the decline of the Washington Consensus and the emergence of a multipolar order. Trump’s unilateralism signals the weakening of rule-based multilateralism and the anxieties of American hegemony. For India, punitive tariffs pose risks but also open avenues for trade diversification, regional engagement, and a rethinking of non-alignment as a strategy for autonomy and resilience. –Reproduced

https://www.epw.in/journal/2026/7/commentary/americas-bilateral-tariff-spat.html

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