Imposing a minimum of 10% baseline tariffs on all products entering US, & reciprocal tariffs on several countries, the US president said it was time to put ‘America first’.
The US president’s announcements have drawn sharp responses from several impacted countries, with some like China vowing retaliation and others seeking negotiations.
Trading partners are expected to respond with countermeasures of their own that could lead to dramatically higher prices for everything from bicycles to wine.
China has announced export controls on graphite days after US instituted curbs on semiconductor chips. Countries like India, in process of transitioning to green energies, to be affected.
Share of Indian export to Asian countries has dropped in the past decade despite forging major free trade alliances but it has gone up in traditional markets like US and Europe.
International trade is set to get a new lease of life as Covid-hit countries learn the value of global supply chains in the fight against the pandemic.
There is no doubt that once the world has conquered the coronavirus pandemic, there will be a tectonic shift in the global balance of power. India cannot be a lone crusader.
The Economic Survey 2025-26 is not a celebration of success, but a measured warning that the traditional paradigms of global economic growth are no longer applicable.
The IT services sector contributed more than half of India’s Gross Value Added, serving as a major driver of exports and employment, the Economic Survey 2025-26 has found.
Shield AI will provide V-BAT vertical takeoff & landing drones along with licences for software, which will be integrated into aircraft and made available to select Indian partners.
No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.
Thomas Piketty is not an economist. He is a propagandist. A woke Left “intellectual” whose objective is to make everyone of us equally poor, and therefore, equals.
Thomas Piketty is not an economist. He is a propagandist. A woke Left “intellectual” whose objective is to make everyone of us equally poor, and therefore, equals.