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.
Advice comes at a time when India accounts for a 5th of global generic drug supply & 40% of generics used in US. However, this strength in finished formulations relies on imported ingredients.
It’s easy to understand why the government can’t speak the hard truth. When this war ends, as all wars do, India’s interests will lie with both the winner and the loser.
May not. America accounts for 13% of global trade. It has antagonised almost the entire residual 87%, agnostic to friends and adversaries. They will find ways to work together. Expect the EU to discover that it can co exist peacefully, do good business with China, as it has in the past. It takes a real genius to destroy the relationship with Canada.
May not. America accounts for 13% of global trade. It has antagonised almost the entire residual 87%, agnostic to friends and adversaries. They will find ways to work together. Expect the EU to discover that it can co exist peacefully, do good business with China, as it has in the past. It takes a real genius to destroy the relationship with Canada.