India Must Engage in Ideological Battle Against New Imperial Global Trade Order
India's response to the challenges posed by the US tariffs and the shift in the global trade order should not be limited to merely economic reforms or increasing ties with non-American economies. A larger issue is at play - a new ideological contestation on the global stage aimed at reshaping international law norms governing world trade. The US President, Donald Trump, has upended the rule-based international trading order established by the GATT and the WTO, and it is crucial to engage in an ideological battle on the global stage against the radical American populist right.
Key Takeaways:
- The US has initiated a new "Trump round" of trade negotiations that will not rely on consensus-based decision-making, but rather on unilateral enforcement.
- The key elements of this new global trade order include legitimising American coercion for deeper market access, establishing stronger links between trade and non-trade issues like labour, and implementing unilateral enforcement by the US.
- The emerging global trade order appears to be unabashedly imperial, abandoning any pretensions of development and equity and sacrificing the spirit of international law.
- Critical international lawyers argue that international law never severed its ties with its imperial and colonial history, and that the expansion of capitalism has played a pivotal role in the growth of international law.
- The WTO system offers a platform for deeper engagement and the possibility of reform, but the emerging global trade order is a threat to the existing order.
Statistics:
- The US tariffs imposed on India are 50%.
- The WTO was established in 1995.
- The number of countries affected by the new global trade order is not specified in the article.
- The Biden administration did little to revive the moribund WTO during its term from 2020 to 2024.
- 1948 is the year in which the General Agreement on Tariffs and Trade (GATT) was established.