Could this have a bigger impact than the budget expectations? I think it’s going to be a big topic on Monday.
What’s frustrating is that we have tens of thousands of employed journalists, analysts, interviewers and content creators in India’s financial news sector trying to catch and alert readers and viewers about important events, but it seems like no one really remembered that this pivotal ruling was today.
I remember reading about the discussions surrounding the ruling a month ago, but I completely forgot about it. It would be great if there was an alert system where you could set reminders for future events like this, so we don’t have to rely on journalists or news media to remind us.
I’m hoping for a big gap-up — big enough to wipe out the trading accounts of those option sellers and speculators who’ve been shorting everything and trying to hold stock prices down.
Maybe then stock prices can finally get back to what they usually do over time — move higher.
His only reason for announcing 10% Tariffs today is that he lost the case and he is posturing to show his ‘power’.
From what I understand the tariffs on India were IEEPA Tariffs, so I am guessing those are not applicable as per court order.
Effective 27 August 2025, articles imported from India will be subject to an additional ad valorem duty of 25%, increasing the cumulative International Emergency Economic Powers Act (IEEPA) tariffs on imports from India to 50% ad valorem. Source
Unless he announces new Tariffs under a different rule looks like India is now Tariff free ?
Good that we got a framework and not a deal.
Now I guess deal should depend on whether Trump can impose any tariffs legally or not.
I think 10% will apply now(as he signed a global 10% here) until he figures out a legal pathway to restore existing tariffs(18%). The problem with “other section” tariffs is mainly that he loses the ability to target specific nations with tariffs. That’s why it’s “Global” 10%. This costs him a lot of bargaining power, as differential tariffs(between nations) are the source of his power. He still has the ability to completely ban all imports from a specific country under the IEEPA tariffs. He can probably threaten to do that to enforce previous trade deals.
the Court said that I’m not allowed to charge even $1 DOLLAR to any Country under IEEPA, … But I am allowed to cut off any and all Trade or Business with that same Country, even imposing a Foreign Country destroying embargo, and do anything else I want to do to them — How nonsensical is that?
