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Trump's Latest Grumble: Keep Calm and Carry On

Mint Bangalore

|

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.

FLERE HISTORIER FRA Mint Bangalore

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Mercedes Expects Best Festive Season

The recent GST rate cut is likely to make the upcoming festive season the 'best-ever' for the luxury carmaker, but there is a need to cap road taxes levied by states on car purchases for long-term growth of the industry, Mercedes-Benz India managing director and chief executive officer Santosh Iyer said.

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Yuan versus the dollar: Propose a third option

As China attempts to globalize its legal tender; America guards the supremacy of its own and digital currencies gain traction, India should revive Keynes' idea of a global trade currency

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US, Chinese officials hold talks in Spain

US and Chinese officials began talks in Madrid on Sunday on their strained trade ties, a looming divestiture deadline for Chinese short video app TikTok and Washington's demands that its allies place tariffs on China over its purchases of Russian oil.

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The Man, The Policies: What Makes Modi Special

The prime minister wants India's strong presence in the emerging new global system

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Will We Disprove Yes Minister With Pension Reforms?

In Yes Minister, a TV satire on British politics, Sir Humphrey often stymied urgent reforms by setting up ‘interdepartmental committees.’

time to read

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