Odysseys on The World

  Donald Trump is a man of controversy and hypocrisy. He has done some good things, some are very commendable, but as with anyone, the spotlight is on the bad. Toying with global markets has become part of his daily routine. He wakes up, orders a cup of coffee, sighs, sees his name in a couple of articles, feels proud and thinks, whose tariffs should I hike today? This time he chose India. 50% tariff rates imposed on India. Why? India has bought arms and jets from Russia since the 1950s. This fact is not new for anyone. Due to sanctions on Russian oil, it comes at a discounted rate. India buys it, not for political reasons but for economic ones. India needs to meet the commercial needs of its population.   "It is therefore extremely unfortunate that the US should choose to impose additional tariffs on India for actions that several other countries are also taking in their national interest," the brief statement read. (from BBC)  This statement clearly expresses the Indian...

 China. A global superpower for manufacturing, trading, culture, cuisine and c-dramas (what? it's true). So why did countries find alternatives to China?  And what is the China Plus One Strategy (C+1)? Everyone relied on China for its cheap goods and resources. China had a population, and labour was cheap there; hence, it began producing goods at a cheaper rate than other countries. All the countries supplying their goods were happy, content, and loved their extremely new, reliable partner, China. China had an excellent supply chain, free trade, and tax agreements. China's economy grew, and along with it, so did labour costs, making things less competitive in the industries where labour costs were almost even.  Around 2008, the idea emerged. China plus One, diversifying manufacturing and sourcing to reduce dependency on a single country. In 2013, it gained some traction and became a global business trend (MNCs especially). In 2017, China implemented new environmental rule...