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Sunday, August 31, 2025
TopicTariffs

Topic: tariffs

Humiliation in two distinct ‘flavours’—an ‘epic mistake’ by Trump, a test for Modi

Financial Times reports on ‘the largest litigant clogging up’ Indian judicial system while NYT looks at protests in Mumbai over restrictions on pigeon feeding.

Pushback against globalisation shouldn’t make us withdraw from it

As geopolitical tensions prompt serious calls for 'de-globalisation' and reduced import dependence, a more measured path may lie in regional globalisation.

Chinese chatter says Trump tariffs will make India turn to China and Russia

One analyst noted that Trump’s tariff on India signals a clear shift from Washington’s earlier view of New Delhi as a friendly partner to a strategic adversary.

Stand up to Trump or cave on Russian crude? Why US President’s move has put Modi ‘in a bind’

A piece in The Economist says India will eventually be able to replace its Russian supply, but China will be the final benefactor.

Ready to pay ‘heavy price’ for India’s farmers, says Modi, day after Trump levies additional 25% tariff

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.

Trump raises India tariffs to 50% over Russian oil purchases, MEA labels action ‘unreasonable’

India had called out America’s double standards this week in a stinging rebuke, pointing out the continued trade between Washington DC and Moscow which touched $17.5 billion.

NSA Ajit Doval lands in Russia amid US spat with India, set to meet with Putin

This is his 1st Moscow visit since Op Sindoor. However, he did attend SCO's NSA meeting in Beijing in June & met Russia’s Security Council Deputy Secretary Aleksandr Venediktov.

‘Don’t give China a pass & burn ties with strong ally India over Russian oil’: Nikki Haley warns Trump

Asked about US’ own imports from Russia, hours after Haley’s comments, Trump said, 'I don’t know anything about it. I’d have to check, but we’ll get back to you on that.'

Trump’s new trade tariff will have an impact not just on India but also South Asia. Here’s how

India's $86.5 bn in exports to US could be significantly impacted but it is expected to remain a preferred country for manufacturing.

Indian shares dip after Trump’s 25% tariff, additional penalty on India

All 16 major sectors logged losses, with the Nifty 50 falling to 24,703.1 points. After announcing the tariffs, Trump said US is still negotiating with India on trade.

On Camera

Essential oils aren’t just about nice smells. They can change your skincare routine

Essential oils contain powerful properties that can help address concerns like acne, aging, hydration, and inflammation.

A Rs 33,000 cr ‘banking fraud’: ED’s case against Arvind Dham, Amtek’s web of ‘500 shell companies’

ED has accused Amtek promoter Arvind Dham of controlling web of nearly 500 shell companies operating as a layered structure, with up to 15 levels of indirect ownership, to divert funds.

Ahead of SCO meet, Russia & China stage maiden joint submarine patrol in Sea of Japan, East China Sea

Joint submarine patrol ‘covered more than 2,000 nautical miles’ and was joined by Russian support vessels. Beijing maintains exercise ‘not directed against any third party’.

For Indian Mercedes, Asim Munir’s dumper truck in mirror is closer than it appears

From Munir’s point of view, a few bumps here and there is par for the course. He isn’t going to drive his dumper truck to its doom. He wants to use it as a weapon.