New Delhi is examining the legal implications of the latest set of American investigations into Indian exports under Section 301(b) of the Trade Act of 1974, it is learnt.
Punch’s attachment to his plush toy is not based on its country of origin, but on the comfort it provides. Similarly, consumers prioritise trust and design over geopolitical labels.
While Trump later proposed 15% global tariff, Bloomberg Economics estimated that it equals about 12% effective rate, the lowest since his 'Liberation Day' tariffs were released in April.
IEEPA vs Section 122: The legal battle behind Trump’s tariffs. A deeper look into laws behind the emergency powers the top court examined, and the trade rules Trump pulled out to reset tariffs.
The new 15% universal levy overrides the interim tariff framework for India, under which Trump had slashed reciprocal duties from 25 percent to 18 percent. The trade deal is on, he says.
US President Donald Trump imposed a number of tariffs under the International Emergency Economic Powers Act of 1977, a law that had never been used for such action previously.
US had imposed penalty tariff on India at the end of August 2025, citing purchase of Russian oil. Trump, Modi announced reduction of reciprocal tariffs earlier Monday.
If the 'math' fails this time, it would have less to do with the voters changing their minds, and more to do with the very ground beneath all calculations being swept away.
IEA projects sharp reversal from its earlier expectations, with global demand for oil in 2026 turning negative. Hormuz disruptions have pushed crude prices to $130 per barrel.
We now live in a world order that will keep shifting. India must use this window. This also means we remain disciplined enough not to be knee-jerked into reacting to what Pakistan sees as its moment in the sun.
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