The tariffs imposed by the US under President Donald Trump on imports from other countries cannot be the solution to concerns over jobs and trade, said Andrés Velasco, Dean of the School of Public Policy, London School of Economics, while noting that the tariffs are unlikely to be rolled back by the next administration. Advertisement

In an interaction with BT on the sidelines of the Kautilya Economic Conclave, Velasco, who is a former finance minister of Chile, noted that while trade is desirable overall the benefits and costs are distributed in different ways across countries. He said this was also emphasised in the London Consensus, that he along with 54 other economists drafted for a new economic consensus for the 21st century.

“For countries like India, integrating into the worl

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