Business & Economics

Trump’s Tariff Illusion: How Protectionist Rhetoric Masks a Tax on Americans and Hands China a Strategic Win

An article on the eve of August 12, the day when Trump tariffs come into force against dozens of countries, including China. Introduction When Trump announced – the so-called “Liberation Day” tariffs – on April 2, 2025, during a White House Rose Garden address, he framed it as an act of economic nationalism. The accompanying […]

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Union Budget: A Closer Look at the Tax Cuts

The biggest headline from the Union Budget for FY 2025-26 was the reduction in income tax for individuals. The government adjusted tax slabs and rebates, ensuring that individuals earning up to Rs. 12.75 lakh a year would pay no income tax. That translated to a maximum benefit of Rs. 83,200 for such taxpayers, with the

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The Politics of Indirect and Direct Taxes

Trump’s Tariff Fallacy? Political rhetoric often clouds self-evident truths. A striking example of this came recently during Donald Trump’s speech at the World Economic Forum, where he claimed, “China is paying us billions of dollars a year in tariffs.” He has repeatedly suggested that tariffs could bring trillions into the U.S. Treasury from foreign nations.

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