Please provide the existing headline for revision

Speedy Summary:

• Stephen Miran, a Harvard economist, is considered the architect of former US President Donald Trump’s tariff-heavy trade policy.
• Miran believes tariffs are necessary to prioritize American workers and businesses by restructuring global trade systems.
• He was appointed as Chairman of the Council of Economic Advisors (CEA) on December 22, 2024.
• Before joining the Trump management, he worked at Hudson Bay capital and authored a 41-page guide outlining strategies for reshaping global trading systems in favor of America.
• Miran asserts tariffs target “unfair trade practices” such as currency manipulation and dumping while enhancing U.S. competitiveness through reciprocal measures.
• Critics argue that excessive reliance on tariffs risks disrupting global trade and causing economic harm.

Read More

Indian Opinion Analysis:

Miran’s advocacy for aggressive tariff measures underlines a significant shift in global economic strategy driven by protectionist policies. While his framework seeks to align international trade with America’s interests, this policy has undoubtedly stirred volatility across world markets. India might interpret these developments both as challenges and opportunities: challenges due to potential disruption in established trading norms and opportunities to strengthen its own manufacturing capabilities amid shifting export dynamics.

For India, focusing on diversifying its export markets while fortifying domestic industries could serve as an effective counterbalance to volatile international policies like these. Tho,India’s stance must remain pragmatic-enhancing bilateral relationships where mutual benefits are possible without escalating disputes over protectionism or market access concerns.

By analyzing how similar tariff-heavy strategies impact major economies globally, Indian policymakers may gain insights into formulating adaptive responses in future multilateral negotiations or strategic engagements within fluctuating market conditions.

Read More