The two countries had agreed on a 90-day pause & lifting restrictions on Chinese exports needed for US semiconductor, electronics, and defence production in May this year.
The lawsuit argues that Trump lacks the authority to unilaterally impose tariffs through International Economic Emergency Powers Act, creating immediate & irreparable harm to California.
Over the last week, volatility indexes (VIX) across the world have surged, with the Chicago Board Options Exchange (CBOE) and the India VIX surging by 120 and 65 percent, respectively.
Stephen Miran, the brain behind Trump’s tariffs, wrote a report that helps explain the president’s present approach. It also shows why this approach is unlikely to work.
Trump’s ‘Liberation Day’ tariffs have been unleashed on India despite its efforts to appease the US, leaving New Delhi with little to show for the concessions it has made.
Fauja Singh, 114, died after being hit by a speeding car. His death renews questions about India’s deadly roads, rising accidents, and poor traffic discipline.
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.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
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.
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