India, Feb. 24 -- US President Donald Trump announced on Friday that his administration will soon match the tariffs India and China impose on American goods. His push for "reciprocal tariffs" could shake up global trade affairs, as India's steel exports to the US face an 85% snare. Meanwhile, the rupee has sunk to a record low, and India's long-stalled FTA with the UK remains stuck in limbo.

As Trump continues to take jabs at India, Hindustan Times spoke with Lord Jim O'Neill-the economist who coined the term "BRIC" (Brazil, Russia, India, and China), led Goldman Sachs in his prime, and shaped Treasury policy in the Second David Cameron Ministry-to weigh in on Trump's trade war, India's economic trajectory, and the roadblocks to the UK-I...