TRIPS marked a fundamental shift in global trade priorities. It elevated intellectual property (IP) to the center of trade negotiations—pushed aggressively by developed countries, especially the United States, under pressure from powerful multinational corporations. Before the WTO’s formation in 1995, the General Agreement on Tariffs and Trade (GATT) had governed global trade. While GATT promoted […]
Should India be panicky about Trump-imposed tariffs? On April 2, U.S. President Donald Trump announced a 10% baseline tariff on imports from all nations and a reciprocal tariff on countries with which the U.S. had a significant trade deficit, citing concerns with structural imbalances in the global trading system. The U.S. administration reported that the […]
Donald Trump announced tariffs on exporters to the US, including 20% on the European Union and 24% on Japan. Wall Street traders were left reeling after Donald Trump made good on his threat to disrupt the modern trading order at the climax of ‘Liberation Day.’ Billed as the biggest shake-up of cross-border commerce in decades, […]
Union Minister for Commerce and Industry Piyush Goyal NEW DELHI: Union Minister for Commerce and Industry Piyush Goyal started on a trip to the United States on Monday to pursue trade talks, weeks ahead of President Donald Trump’s planned reciprocal tariffs. Goyal’s visit was sudden, as he departed after cancelling previously scheduled meetings until March […]