India Was the Economic Alternative to China

“President Trump’s 50 percent tariffs landed like a declaration of economic war on India, undercutting enormous investments made by American companies to hedge their dependency on China,” the New York Times reports.

“India’s hard work to present itself to the world as the best alternative to Chinese factories — what business executives and big money financiers have embraced as part of the China Plus One strategy — has been left in tatters.”

“Now, less than a week since the tariffs took full effect, officials and business leaders in New Delhi, and their American partners, are still trying to make sense of the suddenly altered landscape.”