Dehradun, Aug. 28 -- The strategic and global repercussions of President Trump's newly launched "Operation Economic Outcast"-unveiled by US Treasury Secretary Scott Bessent-are driving a sharp realignment of global trade, heightening geopolitical tensions, and triggering a high-stakes standoff over the Strait of Hormuz. India will have to further efforts to ensure it can stave off as much as possible the resulting impact on its economy.
This will lead to acceleration of a further divided global trade system with increased US-China brinkmanship. China remains Iran's largest trading partner, absorbing nearly 90 percent of Iranian oil exports. With a crucial Trump-Xi summit weeks away and a bilateral tariff truce expiring this autumn, any US ...