With reciprocal tariffs lowered to 10%, think tank GTRI urges India to reassess the trade pact. “Deals are not charity. Both sides must gain,” founder Ajay Srivastava said
US President Donald Trump’s latest salvo at India, threatening to impose new tariffs on rice imports, should not come as a shock, as it follows a familiar pattern
Experience from 2018-19 shows tariffs get passed on to consumers; the 2025 round may be more inflationary, leaving US consumers with higher prices and fewer choices
The US President had mounted a sharp attack on India and Russia for their close ties and said the two countries can take their “dead economies down together”
US President Donald Trump made the remarks even as countries strive to reach deals with the US to avoid or minimise the impact of steep “reciprocal” tariffs that are set to take effect on August 1
Trump’s tariff threat is a risky shortcut that could deepen uncertainty, provoke retaliation, and ultimately isolate the US from the very trade flows it seeks to dominate
On March 26, the US adopted a safeguard measure in the form of a tariff increase of 25 per cent ad valorem on imports of passenger vehicles and light trucks, and on certain automobile parts from India
The biggest pact signed by Britain after leaving the EU marks a major milestone in bilateral relations and also reflects India’s rising status in the global order
The pact lowers tariffs on 99 per cent of Indian goods to zero in the UK market while allowing Indian workers to travel to the UK for work without changing Britain’s point-based immigration system
India should focus on expanding trade with developed countries rather than developing nations, leveraging its skilled and cost-effective labour advantage
Trump administration’s decision to freeze $2.2 billion in grants to Harvard University, as a punishment for refusing to toe the line and comply with a list of ‘unlawful’ demands from the federal government, reflects an authoritarian mindset
