New Delhi, June 2 -- For US President Donald Trump, the imposition of trade tariffs on countries the United States was in business with, was one of the major things on the Presidential agenda. This was even before he became President. However, after the Presidential inauguration and the subsequent ascension to office, things began taking some "topsy-turvy" turns, as he announced repeated policy changes related to tariff imposition.

The latest of the lot was the raising of steel tariffs from 25% to a whopping 50%. Meanwhile, Commerce Secretary Howard Lutnick claimed on Sunday that "tariffs are not going away" after a federal appeals court last week restored many of the Trump administration's sweeping tariffs that had hit a roadblock.

The...