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Site title: The Big Picture
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The US administration has been going out of its way to emphasise that the Supreme Court judgement striking down tariffs imposed by President Trump changes nothing. Tariffs will stay- and the trade deals done so far, including the one with India (done but not signed), will remain.
If anybody has doubts on this score, the
Much of the analysis of the Indo-US trade deal centres on what India has gained or lost in terms of trade. But the point about the deal is not that it improves our export prospects while opening up selectively to American goods.
It is that the deal improves the prospects for capital inflows, FDI and FII. These inflows have been distinctly unsatisfactory consequent...
US Secretary of State Marco Rubio's impassioned speech at the Munich security conference a few days ago lays out very clearly what the US thinks is wrong with the world and how it thinks it...
It's a trade deal, not an agreement. The broad contours have been agreed between PM Modi and President Trump. Now the details have to be filled in.
Trump made a number of claims in his post on Truth Social:
India will stop buying Russian oilAmerican exports to India will be subject to zero tariffs and there will be no non-tariff barriersIndia will buy $500 bn ...I had a post yesterday on Kevin Warsh, the new appointee for Fed Chairman.
By way of post-script, I want to write about the process followed for his selection. What I write is gleaned from various reports in the media.
Warsh mis...