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.
He also attacked Centre over foreign policy, saying that while China has taken over 4,000 sq km of Indian territory, foreign secy Misri was cutting a cake with Chinese ambassador.
Foreign Secretary Vikram Misri instead highlighted India’s recent trade liberalisation deals with a number of countries as a part of New Delhi’s push to cut tariffs.
Nitish Kumar has mastered the rhythm of renewal in Bihar. In a democracy of churn and chance, endurance may be the rarest—and most refined—form of political art.
While the move could free up grid capacity struggling to keep up with rapid renewable rollout, it would be a major setback for green ambitions. India aims to double clean power capacity to 500 gigawatts by the end of the decade.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
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