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Trump's latest grumble: Keep calm and carry on

Mint New Delhi

|

August 27, 2025

His new tariff threat aimed at countries seen to defy US Big Tech interests must not disturb India's digital legislative agenda. It's our call. The same goes for a revival of the 'Google tax'

The Donald Trump administration has notified its extra 25% tariff on merchandise imports from India, set to take effect from 27 August. True to form, the US President also warned of fresh barriers against countries whose taxes, legislation and regulations are seen to target US Big Tech companies.

With a wide range of Indian goods facing a 50% levy now, it scarcely matters if this hurdle gets pushed further up. It's bad enough that Trump's 'reciprocal' levy of 25% on our shipments was higher than the 15-20% he levied on those of rival exporters. This gap could plausibly have been offset by efficiency gains in production and logistics, plus speedier customs clearances. But the additional punitive layer of 25%, meant to punish India for buying Russian oil, puts the US market out of reach for Indian producers in several categories.

Unfortunately, this might not be the end of it. How we should respond has stirred a lively debate around our national interest as a rallying point.

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New safety, emission rules spell riches for parts firms

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Smart GDP growth casts shadow over December rate cut

The Reserve Bank of India’s (RBI's) Monetary Policy Committee (MPC) is widely expected to keep the policy rate unchanged on 5 December, even as a sizable minority of economists argues that the space created by softening inflation and moderating nominal growth warrants another rate cut.

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Early-stage funding climbs back, led by bigger cheques

This year's fundraising average is likely to surpass 2022, with more deals yet to be reported

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Opec+ retains pause on oil supply hikes

The Organization of the Petroleum Exporting Countries and its partners (Opec+) will stick with plans to pause production increases during the first quarter, delegates said, amid growing signs of a surplus in global oil markets.

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Gen Alpha will make new rules for their workplace

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