This article covers three major developments crucial for India's strategic and economic interests. First, India and Brazil solidified their Global South partnership with agreements on critical minerals and digital infrastructure. Second, the US raised blanket tariffs to 15%, impacting global trade dynamics. Third, India achieved a diplomatic victory with the New Delhi Declaration on AI Impact, signed by 88 countries including the US and China.
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- ›India-Brazil Bilateral Trade (2024-25): $12.20 billion
- ›New US Tariff Rate: 15% (for 150 days)
- ›Target this Data: Bilateral trade with Brazil was $12.20 billion in 2024-25.
- ›Target this Nodal Body: The US President invoked Section 122 of the Trade Act of 1974.
- ›Target this Legal Point: The US Supreme Court struck down tariffs imposed under the IEEPA.
- ›Target this Fact: 88 countries signed the New Delhi Declaration on AI Impact.
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