Past FTAs failed to yield much benefit because they exposed domestic industries to global competition without strengthening the manufacturing ecosystem.
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.
Forget comparing it with classics like Hrithik’s Ek Pal Ka Jeena or the slick title track of Dhoom 2, Janaab-e-Aali does not even come close to Ghungroo.
India’s industrial output growth saw a 10-month low in June, with Index of Industrial Production (IIP) growing by mere 1.5% as against 1.9% in May 2025.
Standing up to America is usually not a personal risk for a leader in India. Any suggestions of foreign pressure unites India behind who they see as leading them in that fight.
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