The most sophisticated justification for Trump’s tariff spree comes from Stephen Miran, who heads the president’s council of economic advisers. Miran’s contention is that the normal economic argument in favour of unrestrained trade does not apply to the US because of America’s special circumstance.
The week in review was dominated by US president Donald Trump, as every week has been since his inauguration on January 20.
The Google Tax was slated to die, but Donald Trump has removed the rationale for its dignified death. Now, removal of the digital tax is achieved by US bullying, by means of the tariff threat.
India's largest public policy think tank, Niti Aayog, will be releasing the Investment Friendliness Index in July 2025 in association with the Department for Promotion of Industry and Internal Trade (DPIIT) and the Finance Ministry.
India’s export promotion mission was announced in the 2025-26 Union Budget presented by the finance minister with a budget allocation of Rs 2,250 crore. This mission is a major step for India to make its global trade more competitive.
On March 4, 2025, tariffs kicked in on US’s biggest trading partners - Mexico, Canada and China. India is still negotiating a deal as cutting tariffs on US goods could impact agriculture and industry. Trump may be using the threat of tariffs to get concessions for USA – but, it could boomerang on the US.
Assorted state governments have been holding investment summits, where chief ministers declare their unstinted support to new business ventures, assorted businessmen turn up to declare their investment plans for the state, and sign memoranda of understanding, hope for a paradigm shift in the local business-smothering culture floats at the venue of the summit, like an evanescent puff of perfume, the assembled scribes write up positive stories, and then, once the photographs have been taken, and the motorcades carrying visiting dignitaries have wound their way to the airport, everyone departs the site of synthetic euphoria, climbing down to their habitual elevations above the mean sea level, back to the principal occupation of humdrum survival.