Tariff Hike

Trump’s security argument for steel tariffs is not just hollow, it has hurt US steel users and set American manufacturing back. Essar plans a steel plant in Iowa, a swing state vital to Trump’s political party, but how far should protectionism go?

It's a rare case of third parties at risk of penalties for trading with specified countries despite no formal declaration of war against them. India’s oil import needs have put it in a tight spot. While a shift to clean energy is a worthy aim, New Delhi will need to negotiate with the US for now.

While the US Federal Reserve’s assertion of independence is a relief, globally, its rate hike dims the relative appeal of Indian assets—unless the Reserve Bank of India (RBI) follows suit. America’s new tariff threat, on the other hand, is trickier to deal with.

The levies will take aim at big industries, like aluminum and steel, in addition to smaller ones located in states with closely watched elections.

Even as about nine states and Union territories have increased their tariffs for FY27, states headed for elections have held their line due to political considerations.

Another day, another threat US President Donald Trump seems to have 'chickened out' of. This time, over his trade run-in with Canada. What are we to make of these flip-flops? And is Mark Carney’s game working?

Various factors have helped America defy gloomy predictions so far, but that doesn’t mean the risk of shrunken output has receded. In fact, for those wondering what could go wrong, the answer is pretty much everything.

Democrats have dragged Trump’s latest import duties—levied after dubious investigations—to court in the US. This case differs from the last one that saw reciprocal tariffs dropped for being illegal. Which is all the more reason for India to keep watch.