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Trump's latest grumble: Keep calm and carry on

Mint Kolkata

|

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 Kolkata

Mint Kolkata

Mint Kolkata

Battery storage to jump 6x by 2047

(MNRE).

time to read

2 mins

November 27, 2025

Mint Kolkata

India’s labour reforms promote inclusion as well as productivity

The codes are designed to work in the interests of our workforce while supporting economic growth

time to read

3 mins

November 27, 2025

Mint Kolkata

ICIL sells Bharti Airtel's stake

Telecom czar Sunil Bharti Mittal’s family office-owned ICIL on Wednesday raised ₹7,195 crore by selling a 0.

time to read

1 min

November 27, 2025

Mint Kolkata

McKinsey trims about 200 tech jobs

The consulting firm joins rivals in using artificial intelligence to automate some positions.

time to read

1 min

November 27, 2025

Mint Kolkata

Mint Kolkata

Uber India valuation surges amid battle with Ola, Rapido

November funding values shares 41% higher than the previous round in May 2023

time to read

2 mins

November 27, 2025

Mint Kolkata

EV, hydro boom to power 6x rise in battery storage by ‘47

India is preparing to meet a projected cumulative battery energy storage capacity of nearly 3 terawatt-hours (TWh) by 2047 across electric mobility, power, and electronic components, according to two people aware of the development, with electric vehicles (EVs) expected to contribute a third of the demand.

time to read

1 min

November 27, 2025

Mint Kolkata

Climate crisis: Innovation works, compression doesn't

After weeks of hot air, the UN’s CoP summit limped to an end in Brazil's Amazonian hub of Belém over the weekend, with a ‘deal’ that delivers nothing measurable for the climate, while wasting political capital and much effort on pledges.

time to read

3 mins

November 27, 2025

Mint Kolkata

Mint Kolkata

PepsiCo taps gourmet taste buds with Red Rock Deli’s India debut

Snack and cola maker PepsiCo is finally giving gourmet a chance with the launch of Red Rock Deli chips, priced ₹60 and ₹125 a pack, in a shift from its years-long focus on mass-market Lay's that starts as low as ₹5.

time to read

2 mins

November 27, 2025

Mint Kolkata

Mint Kolkata

Cabinet approves ₹7,280 cr rare earth magnets scheme

The scheme has been drawn up along the lines of India’s semiconductor mission

time to read

2 mins

November 27, 2025

Mint Kolkata

Mint Kolkata

PORTFOLIO MANAGEMENT AND ASSET ALLOCATION LESSONS FROM THE MAHABHARAT

Thenote can move freely across need and time.

time to read

2 mins

November 27, 2025

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