Overview

• US President Trump’s executive order will levy a 25% tariff on Indian goods from August 1 as part of reciprocal measures to correct trade imbalances and bolster US economic security.
• India’s commerce ministry and industry leaders have ruled out retaliatory tariffs, choosing instead to pursue bilateral talks and explore export diversification into Europe, ASEAN and beyond.
• Commerce Minister Piyush Goyal told Parliament that India has held multiple negotiation rounds aiming for lower tariff rates and will take all necessary steps to protect domestic industries.
• A Special NIA Court in Mumbai acquitted all seven accused in the 2008 Malegaon blast, including Sadhvi Pragya Thakur and Lt. Col. Prasad Purohit, citing lack of reliable evidence.
• The court identified major lapses—flawed UAPA sanction orders, contaminated crime-scene protocols, unauthorized intercepts and frequent judge transfers—that stalled the trial over 17 years and undermined the prosecution’s case.