* Instead of going ahead with the proposed tariff hikes on imports, across the board, which can only lead to a disastrous cycle retaliation and counter retaliation, it would be better if Trump 2.0 identifies key imports, majorly contributing to the trade imbalance, and encourage local production of the same, keeping in mind the 'Law of Comparative Advantage'. Here, America Inc. could play a vital role by examining what all it would take to locally produce the same, keeping price-value equation at par if not better from what the US consumers are getting from imports at present. Besides, the Trump 2.0 could also identify those foreign companies, having major share in their exports to the US, and encourage them to set up manufacturing units in the US. Among the various incentives considered for them could include, a corporate tax structure, which is inversely proportional to the number of tax-payers they create within their US based entities, and allowing them to import basis raw materials from their home countries at negligible import duties,
* On inflation, identify key items in the basket of everyday consumption, besides of course gasoline, which have recorded significant rise in price levels in the past four years, with the root causes. Fix those causes to the extent feasible, to bring down the cost of living, even if it means increasing imports of some items to cater to the demand. Yes, increasing gasoline production to tame it's price has to be a short fix, but that in no way should compromise on their overall commitment to encourage sustainable energies, to battle the climate change. Both can go on in parallel, without having to burden the average consumer right away, with hefty costs of such a transition to clean energy,
* Ukraine - While the return of Crimea is to Ukraine is off the table for the US, the least what they can insist on, is return of the 20% of it's territories being held by Russia, ever since it invaded two years back. As a quid-pro-quo, US can give guarantees on behalf of NATO to Russia, that Ukraine will not be admitted within their fold, but that will not deny the NATO members to participate in post war reconstruction in Ukraine. Furthermore, Russia needs also needs to give 'iron-clad' guarantees, that no further invasion of any other sovereign country will take place from its soil,
* Middle East - Impress upon the Palestinian leadership to dump Hamas, and enable the return of the Israeli hostages being held captive for over a year, at the earliest. Side-by-side, compel Israel to accept the 'two nation' formula, by recognizing the 'State of Palestine'. With Iran, try to renegotiate a new peace deal, by which Iran reigns its proxies in the 'Axis of Resistance', and commits to upholding human rights and also pledges to be a responsible power, and gets off the sanctions.
India is uniquely poised to play a dependable interlocutor, in enabling the above. 😊