Electronics—specifically smartphones—& energy & pharma products make up 30% of Indian exports to US. 25% tariff on India came into effect Thursday, extra 25% to kick in by August-end.
US President Wednesday imposed 25% tariff on India for buying Russian oil, adding to the 25% declared earlier. Additional tariff to come into force after 21 days.
In his book No Trade Is Free, ex-USTR writes how an Indian friend corrected him and said only seven billionaires run the country; the others just try to influence these seven.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
Global news also looks at the human cost of ending ‘Maoist rebellion’ & BBC tracks fugitive gangster Goldy Brar, who reveals why he ordered Sidhu Moose Wala’s 2022 killing.
With Trump escalating trade tensions, especially with China, the 90-day moratorium presents a rare opportunity for India to strike while the iron is hot.
ACM Katre was 2nd IAF chief to die in harness. It was at a memorial lecture in his honour where IAF chief AP Singh revealed that India shot down 6 Pakistani aircraft in Op Sindoor.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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