New Delhi: Amid the American tariff hike, PM Narendra Modi in his 12th consecutive Independence Day speech reiterated that India will not compromise on...
Past FTAs failed to yield much benefit because they exposed domestic industries to global competition without strengthening the manufacturing ecosystem.
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.
No nation other than China can negotiate one-on-one with Trump on an equal footing. That’s why the middle powers who so far formed the core of multilateral bodies now feel orphaned.
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