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Newsletter New Economy

Trump’s ‘Secondary Tariff’ Strategy with India and China

By Ben Holland | September 27, 2025, 10:30 AM UTC

In recent developments, former U.S. President Donald Trump has employed a two-pronged approach regarding tariffs on imports from India and China. This strategy, which he calls the «secondary tariff,» aims to exert economic pressure on these nations while reshaping international trade dynamics.

As an editorial director at Bloomberg New Economy, I believe understanding the complexities of any economic landscape requires a structured framework. It is crucial to analyze the influx of data and narratives to identify the key factors driving changes in production, consumption, and living conditions.

Creating a cohesive framework that encapsulates these transformative forces is challenging yet vital. At Bloomberg New Economy, we have identified seven megatrends that help elucidate the rapidly evolving global landscape. These include geopolitical realignment, technological disruption, supply chain reorientation, financial innovation, energy transition, climate risk, and medical breakthroughs.

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Source: Original