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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.

FLERE HISTORIER FRA Mint New Delhi

Mint New Delhi

Mint New Delhi

War on spam call menace stalls on who takes blame

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time to read

3 mins

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Mint New Delhi

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Pricey variants after GST cuts? Govt keeps watch for mischief

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time to read

3 mins

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Mint New Delhi

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Will GST rate cuts revive key FMCG growth metric?

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time to read

2 mins

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Mint New Delhi

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How Nvidia is backstopping America's AI boom

Nvidia’s move to invest $100 billion into Open AI to help finance a historic data center build-out has helped reset market expectations about the startup’s shaky finances. It's a familiar play by the chip giant.

time to read

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Mint New Delhi

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Forced exit at Tata Sons bares split at Tata Trusts

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time to read

4 mins

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Mint New Delhi

DO TAX CUTS REALLY BOOST THE ECONOMY?

Tax cuts are to fiscal policy what rate cuts are to monetary policy-both are tools to stimulate economic growth. This has been a bumper year for tax cuts: in February the Union Budget raised the exemption limit for income tax, and in August GST rates were cut across a swathe of goods and services.

time to read

3 mins

September 24, 2025

Mint New Delhi

Bear mark over IT signals more pain for investors

MUMBAI Investors in Indian IT companies saw their combined wealth plunge by over ₹trillion over the last two days. The pain may not be over yet.

time to read

2 mins

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Mint New Delhi

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Motorbike firms prep for quieter, electric future

Makers of electric motorcycles worldwide are touting stealth and instant power to convert those who swear by the rumble of a V-twin or the thump of a single-cylinder internal combustion engine.

time to read

3 mins

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Mint New Delhi

Mint New Delhi

IT's middle order takes US hit; big cos hold ground

Shares of smaller IT companies reeled on Monday despite their reassurances about the H-1B visa impact, while their large-cap peers that remain tight-lipped closed with smaller losses, signalling market belief that the latter may navigate the crisis better.

time to read

3 mins

September 23, 2025

Mint New Delhi

Mint New Delhi

Startups, VCs rush to digitize India's mutual fund sellers

Startups are rushing to build technology for India's swelling army of mutual fund distributors (MFDs), a segment that is rising alongside the nation's roaring asset management industry.

time to read

2 mins

September 23, 2025

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