US President Donald Trump is showing America’s trading partners no mercy. If they export a lot to the US, it will tariff them back—by half. The ‘reciprocal’ rates are especially harsh on several developing countries, with Vietnam, India, Thailand and Bangladesh all facing barriers of well over 20%. The costs won’t be felt equally. Tariffs…
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: Trump’s shock-and-awe tariffs only have…
It is estimated that a car has some 30,000 parts (counting everything from its engine block to nuts and bolts). The firm that provides a car’s marque (like Dodge or Toyota) manufactures only a fraction of these parts in plants spread around the world. Several intermediate parts like tires, windshields, seats and mirrors, plus hundreds…
Further, there is the possibility of even more drastic measures like “reciprocal tariffs” (with the possible inclusion of foreign value added taxes) and duties on US imports of critical minerals, apart from universal tariffs on all imports. Also Read: Think win-win: India should try some mineral diplomacy in its relations with the US We are…
New Delhi: The Union cabinet committee on Friday approved ₹24,657 crore for eight new railway projects till FY31 to improve connectivity and mobility, generate employment in 14 districts of seven states, and reduce oil imports and carbon dioxide emissions. The cabinet also cleared ₹3.06 trillion to construct 20 million rural houses. These eight railway projects…
