[ad_1] US President Donald Trump is showing Americaâs trading partners no mercy. If they export a lot to the US, it will tariff them backâby half. The âreciprocalâ rates are especially harsh on several developing countries, with Vietnam, India, Thailand and Bangladesh all facing barriers of well over 20%. The costs wonât be felt equally….
[ad_1] Negotiations will now proceed sector-by-sector, focusing on market access, tariff barriers and supply chain integration. Yet, the ‘Liberation Day’ tariffs of 27% make it clear that the US is setting the terms, using protectionist levers to shape the deal in its favour for its economic nationalism. Also Read: Trade war: Trumpâs shock-and-awe tariffs only…
[ad_1] At its most basic, a tariff is a tax or duty on an imported good or service. It can be on a single product, a category of products or applied on all imports from a specific country. In the first weeks of the new Trump administration, all these forms have been announced. For instance,…
[ad_1] Never mind that applying selective tariffs violates the Most Favoured Nation (MFN) rules of the World Trade Organization (WTO). If someone raises an objection, WTOâs dispute resolution mechanism is expected to deal with it. But that mechanism is broken partly because the US has blocked appointments to its appellate body. If pushed further, it…
[ad_1] Amid global tariff flux and confusion over aims, India has made a relatively straightforward move. It has levied a 10% import duty on lentils, allowed in duty-free earlier, while extending a zero-rate on yellow peas till 31 May. Also Read: India must keep its strategic options open as Trumpâs tariffs kick in The new…
[ad_1] When you make a pact with the devil, he always comes back to get his due. I wish Volodymyr Zelensky had remembered this before getting into a confrontation with Russia. Had that been the case, his country would have saved itself from ruin. What the Ukrainians are subject to today is the result of…
[ad_1] To be sure, progress on Indiaâs FTA with the European Union has not been insubstantial. Both sides have committed themselves to signing it by the end of this calendar year. When it happens, it will be the worldâs largest deal of its kind. A trade pact between both sides will not just strengthen our…
[ad_1] How are these disruptions likely to affect India? Three disruptive moves in particular need to be taken into consideration in this regardâon immigration, trade and tariff policy, and foreign policy. Also Read: Harsh Pant: Trumpâs foreign policy recast poses a challenge that India cannot avoid Attacking immigration was Trumpâs first major move. He had…
[ad_1] Game theorist Thomas Schelling once wrote that coercion depends more on âthe threat of what is yet to come than on damage already done.” He added that countries in conflict situations would want âan impressive unspent capacity for damage be kept in reserve.” Schelling wrote his classic works on strategy in the context of…
[ad_1] On 3 February, both Canada and Mexico were given a 30-day reprieve, with concessions extracted from themâthe beefing up of border patrols to prevent ingress of fentanyl and illegal immigrants. While both Canada and Mexico had threatened retaliatory tariffs, they too have deferred action in the wake of Trumpâs decision to temporarily suspend tariffs…
