US Supreme Court Likely to Deliver its Ruling on Trump's Tariffs: All Eyes on 500% Tariff Bill

On this Special Report, India Today’s Foreign Affairs Editor Geeta Mohan analyses India’s strategic response to the proposed 500 percent tariff imposition by Washington, D.C. As the Ministry of External Affairs confirms it is 'closely following the developments around the bill,' Mohan emphasises that 'diversification of markets is primary and most important for India' to maintain economic stability. The discussion highlights the 'calculated and dignified' approach taken by New Delhi amidst the escalating tariff tussle. Mohan warns that failing to secure a trade deal with the United States could inadvertently increase India's dependence on Chinese supply chains, contrary to the goal of building resilient, independent networks. The report further explores how the European market might become overcrowded if Indian goods are rendered 'practically unexportable' to American shores due to prohibitive duties. This analysis provides a comprehensive look at the multilateral complexities and the urgent need for diplomatic engagement to safeguard India’s export interests and global trade standing.

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