The article discusses the recent upheaval in U.S. tariff measures under President Trump, particularly affecting negotiations with India. Following broad tariffs announced in April targeting numerous countries, a U.S. federal court initially blocked these measures, causing confusion among trading partners. However, an appeals court later overturned this decision, leaving U.S. trade leverage uncertain. Former trade negotiator Mark Linscott noted how this legal turmoil might impact negotiations and leads to deliberations among nations, including India, about their strategies moving forward.
I'm sure in every capital, including in India, there are internal discussions about whether the U.S. has less leverage now, and whether it makes sense to take some time and slow down a bit.
Trump's April 2 global-tariff blitz marked a dramatic pivot toward protectionism, imposing a blanket 10 percent levy on nearly all imported goods, with steeper rates for select countries such as India.
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