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Trump's latest grumble: Keep calm and carry on

Mint Chennai

|

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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Apple iPhone 17 vs Google Pixel 10: a ₹80,000 close call

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time to read

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IndoSpace Core acquires six logistics parks for over $300 mn

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time to read

1 min

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India’s first privately made PSLV is close to lift-off

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time to read

2 mins

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Let ‘nowcasts’ precede our economic numbers

‘Nowcasting’ that captures data from early indicators could aid policymaking, especially in the face of high economic uncertainty. But it must supplement existing data, not supplant it

time to read

2 mins

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Businesses mustn't wait for a global climate consensus

This year’s United Nations climate summit in Belém, Brazil, ended last week. Countries made promises on paper and avoided hard decisions. Having gathered nearly 200 nations to chart out climate action, CoP-30 produced a ‘Belém Political Package’ that deferred questions rather than answer them. We should not pretend that this is progress.

time to read

3 mins

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Mint Chennai

Ore shortage hits Adani copper plant

Indian tycoon Gautam Adani’s $1.2 billion copper smelter in Gujarat is receiving only a fraction of the ore required to operate the 500,000-tonne-a-year plant at full capacity, as a global supply squeeze tightens.

time to read

1 min

November 26, 2025

Mint Chennai

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New emission norms for small tractors likely to be deferred

The Centre is set to give Indian tractor makers major relief by delaying the rollout of the next phase of emission rules—the Tractor and Machinery Emission Standards V (TREM V)—for tractors below 50 horsepower (HP), two officials told Mint.

time to read

1 mins

November 26, 2025

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PPFAS’s new fund to run like an index fund, with an edge

Fund will use futures market discounts, merger opportunities and index-rebalancing tactics

time to read

3 mins

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Mint Chennai

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Wipro to enter pet foods with ‘HappyFur’

Wipro Consumer Care and Lighting, the consumer venture of Wipro Enterprises, is set to enter India’s fast-growing pet food market with a new brand, ‘HappyFur’, said three people aware of the plan.

time to read

2 mins

November 26, 2025

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