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Thursday, July 24, 2025
TopicTariffs

Topic: tariffs

World news of the day: 17 July, 2025

ThePrint’s round-up of the major news events from around the world.

Tharoor’s new vision for Congress—speak to the future instead of dwelling on the past

A selection of the best news reports, analysis and opinions published by ThePrint this week.

Not just ‘trade war’, Trump tariffs have also fuelled a meme fest—’$112 MAGA hats’ to ‘penguin protest’

Although the tariffs have sparked strong criticism from economists across the globe, they have triggered a wave of internet memes, with even diplomats joining the online banter.

Jaishankar hints at amending nuclear liability law as India seeks deeper ties with US

External affairs minister, at Global Technology Summit 2025, also spoke of India’s urgency to complete trade deals with US, UK and EU amid ongoing tariff wars.

China increases tariffs on all US goods to 125% in response to US’s 145% taxes on Chinese imports

China has also filed lawsuit with WTO following the latest US tariff hikes, the Chinese commerce ministry said as per a report in the official Xinhua.

Trump has given India a window of opportunity. Delhi needs to do more than tweak tariffs

What is needed now is ever-increasing consideration toward structural reforms.

Ancient Rome used high tariffs to raise money too—and created economic problems

Tariffs of 25% in ancient Rome led to the rise of black markets—a potential challenge for the Trump administration too.

Israel cancels all tariffs on imports from largest trading partner & ally US

'The reduction in customs duties will, in effect, expand the US-Israel trade agreement and strengthen bilateral strategic relations,' the Israel govt said.

NDA, Oppn spar over Trump tariff threat in Rajya Sabha. Sitharaman says custom duty cuts unrelated

On Thursday, P. Chidambaram brought up Trump’s announcement that he would introduce sweeping tariffs on 2 April this year to reset global trade.

On Camera

Defence, tech, education—Modi’s visit will boost India-UK ties

Given the immediate challenges on India’s borders, cooperation in the defence sector with partners such as the UK has achieved greater importance.

India-US set to ink mini trade deal soon, reach understanding on agricultural & dairy products

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.

Indian firm sets up titanium, superalloy plants to meet global need. Safran, Dassault, BAE line up

PTC Industries is investing Rs 1,000 cr in 4 manufacturing plants in UP, has already started supplying titanium parts to BAE Systems for its M-777 howitzers that India also uses.

Strategic partner one day, tactical nightmare the next: India’s learning Trumplomacy the hard way

Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.