Trump’s new tariff regime has triggered swift retaliation from China and concern across global markets. Vietnam and Cambodia are offering concessions to avoid deeper impact
Economists warn of a potential downturn in global trade, recalling the 1930s protectionist spiral. Escalation could deepen if the EU targets US services
India may face lighter tariffs, but exporters are already seeing demands for steep discounts. The financial system must support firms navigating this shock
India should ease import barriers, resolve pending trade pacts with the US, and prepare for long-term structural adjustments
Free-trade agreements with the European Union and Britain must be prioritised to offset risks and diversify trade dependence
To avoid deeper disruption, India must lead with agility, open dialogue, and strategic clarity in global trade negotiations