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Tuesday, February 3, 2026
TopicUS tariffs

Topic: US tariffs

India says US to remove 25% penalty for Russia oil purchases: Bloomberg report

President Donald Trump announced on Monday that the US and India reached a trade deal to cut the reciprocal tariff from 25% to 18%.

Sitharaman announces integrated textile programme. What it means for businesses, artisans

The programme has five sub-parts, including the National Fibre Scheme for self-reliance in natural fibres, man-made fibres, and new-age fibres.

Trump tariffs, import dependence are holding back America’s manufacturing renaissance

Better tax, regulatory, and monetary policy should indeed provide a tailwind for manufacturing, but the sector will probably continue to struggle.

India has 7.4% growth, but faltering tax revenue could have implications in coming fiscal year

In the first eight months of the current fiscal year, New Delhi’s net tax intake didn’t even hit the halfway mark of what it expects to collect by March 31.

Trump dials up pressure on Tehran—25% tariff to be imposed on countries doing business with Iran

The US President posted on social media on Monday that the new duty would be 'effective immediately', without providing details about the scope or implementation of the charges.

Trump’s trade tariffs face the Supreme Court test. What to know

A ruling against Trump would set the stage for potential legal fights over refunds in tariffs paid by importers. Over 1,000 companies are already lined up in court.

Global economic growth to slow in 2026 as Trump’s tariffs bite, UN says

The global economy is forecast to expand 2.7% this year, down from an estimated 2.8% in 2025. Growth is expected to go back up to 2.9% by 2027.

‘Crime Master’ Trump & fatal warning shot

The best cartoons of the day, chosen by the editors at ThePrint.

How would India, other trading partners react if US top court rules against Trump tariffs?

Officials in India say a US Supreme Court ruling against Trump won’t make much difference to trade talks, but it could strengthen New Delhi’s case for sticking to its position.

Ford to invest $370 million in India, defying Trump’s local push

The Maraimalai Nagar manufacturing site in Tamil Nadu will be retooled to make high-tech engines for export, with an annual capacity of 235,000 units.

On Camera

Floundering PM Internship Scheme has seen 44% drop out since 2024 launch. Budget deals drastic blow

Only 21 percent of interns complete programme as Centre slashes budget by over 50% after poor joining and high attrition.

CDS Gen Chauhan in Armenia, focus on deeper defence ties including new deals

Armenia has procured significant defence equipment from India, including artillery guns, multi-barrel rocket launchers, air defence system, sniper rifles, weapons locating radars, anti-drone weapons.

Swiss report should now close Op Sindoor debate. Knowing when to stop the fight is key too

The key to fighting a war successfully, or even launching it, is a clear objective. That’s an entirely political call. It isn’t emotional or purely military.