Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

But the job is not done yet!
Vote for the deserving candidate this year.

Check your mail to know more

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
SPONSORED BY
LIVE TV DownloadNews18 App
News18 English
Powered by cricketnext logo
»
1-min read

Trade War a 'Lose-Lose' Situation, Could Get Out of Hand Quickly: Raghuram Rajan

The Trump administration's decision to impose tariffs on aluminium and steel imports had triggered a trade war with several countries including China, which announced retaliatory measures.

Updated:June 5, 2018, 8:40 PM IST
facebookTwittergoogleskypewhatsapp
Trade War a 'Lose-Lose' Situation, Could Get Out of Hand Quickly: Raghuram Rajan
The Trump administration's decision to impose tariffs on aluminium and steel imports had triggered a trade war with several countries including China, which announced retaliatory measures.
Loading...
New Delhi: Former RBI Governor Raghuram Rajan today expressed concern over escalation of trade war between the US and China saying it would be a "lose-lose" situation if the two major economies carry out their threats.

Rajan also cautioned that the situation can get "out of control very quickly" hampering global growth.

The Trump administration's decision to impose tariffs on aluminium and steel imports had triggered a trade war with several countries including China, which announced retaliatory measures.

"Well I think at this point the biggest risk is the combination of rising interest rates and some untoward action on trade. I think it's the perception that with all the leverage that's out there, interest rates rising are already an issue that we'll have to deal with, but that's out there.

"The great uncertainty is what happens with trade, if we have a trade conflagration in the next few months that could really hamper the global economy," said Rajan in an interview to CNBC.

He further said that the key question is whether these bargaining ploys, threats of living tariffs et cetera result in real negotiation which create that win-win situation.

"Or do entities, do players get locked into positions which mean they eventually have to carry out their threats in which case we are in a lose-lose situation," Rajan said.

"The problem to some extent at this point is that people have put forward their offers in some sense and we have to see if they actually reach a negotiation point where they can back down. Some of these situations can get out of control very quickly," he added.

Rajan is a finance professor at the Chicago Booth School of Business.

Replying to a query on Shangri-La dialogue, where Prime Minister Narendra Modi stressed India and China must work together for better future, Rajan said there is benefit in New Delhi having a good relationship with Beijing and vice versa because these are two big countries that can do a lot of activity, economic activity together.

He added that the relation between India and China will not be at the expense of other countries.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
 
T&C Apply. ARN EU/04/19/13626
 
Most Active
Company Price Change %Gain
Reliance 1,345.35 -2.93
HDFC Bank 2,268.70 -1.09
Jet Airways 154.70 -6.16
Yes Bank 238.35 -6.82
Indiabulls Hsg 733.95 -8.32
Company Price Change %Gain
Marico 364.25 -0.08
SpiceJet 125.15 -8.15
Jet Airways 154.60 -5.67
Yes Bank 238.40 -6.62
Larsen 1,358.85 -0.14
Top Gainers
Company Price Change %Gain
Wipro 288.25 1.21
Bharti Airtel 349.40 0.71
Tech Mahindra 805.35 0.62
Infosys 721.05 0.56
TCS 2,161.45 0.53
Company Price Change %Gain
Bharti Airtel 349.85 0.89
TCS 2,164.35 0.88
Infosys 720.60 0.59
NTPC 135.75 0.26
Power Grid Corp 194.60 0.21
Top Losers
Company Price Change %Gain
Indiabulls Hsg 733.95 -8.32
Yes Bank 238.35 -6.82
BPCL 340.10 -6.28
IndusInd Bank 1,691.00 -4.15
IOC 149.75 -4.07
Company Price Change %Gain
Yes Bank 238.40 -6.62
IndusInd Bank 1,691.45 -4.11
Reliance 1,344.80 -2.76
ICICI Bank 394.60 -2.54
HDFC 1,955.05 -2.44

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results