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Why in the News ? The US imposed a 10% tariff on imports from Australia-governed Heard and McDonald Islands, which have no trade activity. Experts are puzzled, calling it symbolic or erroneous, given the islands’ ecological value and status as a protected nature reserve. Background and Geopolitical Context: The US President recently imposed a 10% …
Read MoreWhy in the News ? U.S. President Donald Trump announced sweeping reciprocal tariffs on global trade partners, including a 27% duty on Indian exports. Despite ongoing trade talks, India was not spared, prompting muted official responses while global markets reacted with sharp declines and concern. About Trump’s Tariffs and Impact on India: S. President Donald …
Read MoreWhy in the News ? Mark Carney became Canada’s Prime Minister, replacing Justin Trudeau, raising hopes for improved India-Canada relations. With Trudeau’s Khalistani-linked policies sidelined, India expects stronger trade, diplomacy, and security cooperation, potentially reviving CEPA negotiations and strengthening bilateral economic and strategic ties. About the Political Transition in Canada: Mark Carney became Canada’s Prime …
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