Former US President Donald Trump has now promised to end outsourcing, a commitment that will rattle India's massive outsourcing industry dependent on the US market. The Republican Party Platform for 2024 lays down an action program of Trump with a view to laying emphasis on building the US as a manufacturing powerhouse by ending outsourcing practices.
According to Trump campaign senior advisors Chris LaCivita and Susie Wiles, the platform outlines 20 commitments pertaining to fulfilling Trump's vision of restoring America, which rehearsal gives a succinct blueprint to voters. Those policies stand in diametrical opposition to Joe Biden, the Democrats, and their mismanagement of economic issues, border security, energy policy, and foreign relations.
The platform combines the fundamentals of conservatism with populism—a promise to protect the borders, conduct large-scale deportations, stay away from global conflicts, implement tax cuts, fight inflation, strengthen military power, ensure peace in the most vital areas—the European continent and the Middle East—and achieve the status of the US dollar as the world's most popular currency.
The proposal on the termination of outsourcing has drawn the ire of Indian officials and businesses, eerily similar to Trump's earlier actions designed to crack down on outsourcing in general and indicator firms from India who were ruling the roost in the U.S. market. During his presidency the first time around, Trump's administration had taken aim at the H-1B visa program, which is crucial for American companies seeking foreign talent in specialized areas.
This may affect the outsourcing industry in India, which is reliant on US business. Companies like Ford Motors, Cisco, American Express, and General Electric of the US, and Microsoft have outsourced to India, so US policy has a strong influence on changes in the world economy.
While Trump's hostility toward outsourcing mirrors more general disaffection with globalization and its economic outcomes, it represents a shift from prior presidential administrations that had focused on providing the incentives for creating the jobs at home to become less reliant on foreign labor markets.
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