Trump’s tariff war is back – this time, electronics are on the line. Commerce Secretary Howard Lutnick confirmed that smartphones, chips and computers can face new tariffs from specific departments within a month. Despite the temporary waiver, the move has eased companies such as Apple, Samsung and TSMC. Similarly, China’s XI Jinping is running against trade diplomacy, warning that protectionism is “everywhere” when he visits Vietnam and Malaysia. In our second big story: The Reserve Bank of India is expected to transfer a record Rs 350 crore surplus to the Indian government – a significant increase in tax slowing down and driving growth spending. Capture all sharp updates – There are only two sharp updates on ET.
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