India, Aug. 9 -- The US President has slapped 50 per cent tariffs on Indian goods, which might hit the Indian economy badly, but it is certainly not the end of the road
In an unprecedented move, the US President has done what he has been threatening all along. His decision to slap a 50 per cent tariff on Indian goods - coupled with threats of secondary sanctions - has triggered one of the sharpest escalations in bilateral trade relations in recent years. The move is indeed worrisome, as some 18 per cent of Indian goods reach US shores every year. Yet, in New Delhi, while the concern is genuine, the approach is pragmatic. The mood is less about desperation and more about calculation - a recognition that this move may be as much a negotiatin...