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In this episode, we talk about the global trade war that stopped before it started. First, we talk about US President Donald Trump's decision to reverse the "reciprocal tariffs" on almost every country in the world, except one. Next, we talk about why India had little choice but to offer concession after concession to the US. Finally, we unpack the long term and short term impact of the tariffs on the Indian economy. Check out the newsletters and podcasts mentioned in this episode: The latest edition of The Nutgraf by Praveen Gopal Krishnan — India is the mark ( https://the-ken.com/the-nutgraf/india... ) Two by Two feat Mohit Satyanand —Are Trump's tariffs a crisis or an opportunity for India? ( https://podcasts.apple.com/in/podcast... ) Daybreak Episode 465 April 11, 2025 ★ Episode details: https://share.transistor.fm/s/b92020b7 ★ Additional episodes: https://the-ken.com/podcasts/daybreak/