Trade Wars :
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Wars ?
A few weeks back , US President Donald Trump sounded
the bugle of the trade war by levying hefty import duties on Steel – Aluminium –
Solar Panels and declared his intention to raise import duties on some 1600
items being imported from China
Yesterday , China retaliated by imposing similar duties
on $ 3 billion worth of imports from USA
Earlier , our country had imposed higher duties ( one
item : 10 % on import of components of smart phones ) on several items , with a
view to discourage imports and encourage local manufacture
Levying of a “ Safeguard Duty “ of 70 % on Solar Panels
( mostly imported from China ) , is under consideration
EU is considering raising duties on import of consumer products
from USA
All of this reminded me of
the following “ introduction “ of a report [ QUO VADIS ]
which I submitted to the top management of Larsen and Toubro , in 1989 :
January 5, 1989
Mr.
S.R.Subramaniam
CORPORATE DIVERSIFICATION
20th Century saw
two world-wars between super-powers. The aim of both was territorial expansion.
21st Century will witness a similar war of global
dimensions -but with a difference
It will be
*
a war of expansion of
economic -territory involving
nations,
large and small
* fought
by mega-corporations
*
employing world-wide network of space-age technologies /
Alliances / resources / markets.
*
unrestrained by national boundaries
* without
an end
It will
be a business-war in which the unprepared will be wiped-out and even
those who have made definite survival-plans will find going tough.
I am happy
to enclose a report which goes beyond survival.
For many
thousand L&T-ites, it will offer hope for growth in the 21st
Century.
I suggest that
the Corporate Management sets aside one full day during the
forthcoming Strategic-Plan Meetings, to debate this report and take necessary
decisions.
With kind
regards,
H. C. Parekh
CC : Mr.
N.M.Desai [ Chairman - L&T ]
Ref :
World War 3 ? ( 28 June 2017 )
QUO- VADIS ? ( January 5, 1989 )
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