Lee explained that a Trump presidency could bring a shift from large, multilateral trade treaties to more focused bilateral agreements, which could open new opportunities for countries like India, offering greater flexibility and faster implementation compared to multilateral arrangements.
“Indian companies and sectors will have a chance to negotiate the terms of trade and free trade agreements with the United States,” he noted adding that India’s growing technology sector stands to gain significantly.
The global response to Trump’s return to the Oval Office differs notably from the Biden administration, with world leaders preparing for his distinctive “art of the deal” negotiation style. This has prompted nations to brace for a potentially unconventional diplomatic approach.
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Trump has also pledged to address the ongoing Russia-Ukraine conflict.
Lee remarked, “Russia right now, and the whole Ukraine fiasco is tied up in some global politics that involve the financing of that war through China and many other of the of the new axes of nations that have lined together against the United States. To unravel that situation might be just as difficult as the Middle East.”
During his campaign, Trump emphasised protecting US industries by implementing tariffs on imports from nations like Canada, Mexico, and China.
According to Lee, these tariffs are part of a broader strategy to strengthen the US economy by increasing incomes, creating jobs, and securing supply chains—vulnerabilities exposed during the COVID-19 pandemic.
Tariffs serve both as industrial policy tools to support key sectors and as costs on foreign importers seeking access to the US market.
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