‘World Just Changed’: TV Host, US Economist Agree India’s Tariff Stand Signals New Global Order

American economist Richard Wolff recently criticized the United States’ decision to impose tariffs on Indian goods, warning that this move is counterproductive and only serves to strengthen the BRICS group of emerging economies. He stated that these tariffs signal a significant shift in global economic power dynamics and could lead to the formation of a new global order. Wolff emphasized that the US is ‘shooting itself in the foot’ by alienating potential allies like India through its protectionist trade policies. This move could potentially have long-term consequences for the US economy.