Nag, Gouri Sankar and Mazumdar, Ayush creator text Economic & Political Weekly monographic eng

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61(7), Feb 14, 2026: p.12-14 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 Economic & Political Weekly 260427