New Delhi, Dec. 23 -- William Shakespeare excelled at stagecraft. The themes in his plays were simple, but their effect dramatic. The bard's words still resonate in many contexts-such as the economic themes of 2025.

In Julius Caesar, Cassius tells Brutus, 'Why, man, he doth stride the narrow world like a Colossus, and we petty men..' The man who bestrode the world this year was Donald Trump, who unsettled everyone each time he spoke of US tariffs. While game theory would have urged countries to collaborate on a pushback, with the exception of India and China, we saw wide acceptance.

His influence extended to another theatre: markets. But the latter coined the term 'Taco,' short for 'Trump always chickens out.' If there was method here, ...