2 weeks Ago By Pawan Kumar
New Delhi: As the counting of votes started in America, the world watches closely. For certain countries, the outcome of the US presidential election could affect everything from national stability to economic prosperity. Countries like Ukraine, China, and Iran have a lot at stake in this election, with issues such as economic policies, and more hanging in the balance.
The next president, whether it’s former President Donald Trump or Vice President Kamala Harris, could influence global events significantly. Here are ChinaChina, America’s main economic competitor, faces uncertain times. Trump has threatened to revive his previous trade war with China, which involved tariffs on $250 billion worth of Chinese goods.
He argues that these tariffs protect US jobs and address the trade deficit with China. Trump has promised to increase tariffs on Chinese products by 60-100 per cent if reelected. Economists predict these moves could affect American households, potentially costing them about $1,700 annually if broader tariffs are applied.
Effect Of US Election Outcome On IndiaThe outcome of the US election could significantly influence India-US relations, particularly in defense, trade, and strategic areas. The US is a top investor in India, with major stakes in technology, infrastructure, renewable energy, and manufacturing. Experts suggest that Trump’s economic approach, which includes higher tariffs on imports and a push for domestic production, could drive inflation in the US, impacting global trade.
For India, a Trump victory might bring both opportunities and challenges: while inflation may boost demand for certain Indian commodities, increased tariffs could weigh on India’s IT and pharmaceutical exports. This could delay anticipated rate cuts by the Reserve Bank of India, potentially affecting investment flows. On the other hand, Harris’s policies are expected to provide more stability, with fewer disruptions for Indian exports and sustained market confidence.
Ukraine And RussiaWith ongoing tensions between Ukraine and Russia, the US election could have critical consequences for Ukraine. The current conflict has seen Ukraine depending heavily on foreign military aid, especially from the United States, to counter Russia’s attacks. A Trump administration could lead to a more cautious approach to military support for Ukraine, potentially making it harder for the country to defend itself.
For Ukraine, losing US support could risk further loss of territory, making this election a matter of national survival. Israel And IranIn the Middle East, the policies of both Trump and Harris seem aligned on supporting Israel. Both have pledged continued backing for Israel in its conflicts with groups like Hamas and Hezbollah in Gaza and Lebanon, respectively.
Tensions are particularly high with Iran, which recently threatened retaliation against Israel for missile strikes on its military facilities. The election could either ease or escalate these volatile exchanges. Get Latest News Live on Times Now along with Breaking News and Top Headlines from Economy, Business Economy and around the world.
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