logo
episode-header-image
Aug 12
1h 3m

Trade Wars: Trump Targets India

CARNEGIE ENDOWMENT FOR INTERNATIONAL PEACE
About this episode

Last week, U.S. President Donald Trump issued an executive order slapping India with a 25 percent special tariff due to its purchases of Russian oil. This surprise measure raised the total tariff on Indian exports to the United States to 50 percent—among the highest rates imposed by the United States on any country in the world.

But India is not just “any country.” Over the last quarter-century, it has emerged as one of America’s most valuable strategic partners. Trump’s tariff move has plunged the bilateral relationship into crisis, raising difficult questions about the future of both U.S. and Indian foreign policy.

Grand Tamasha emerged from its summer hiatus for an emergency episode to make sense of these developments and their global ramifications. For this special episode, Milan is joined by Grand Tamasha regulars, Sadanand Dhume of the American Enterprise Institute and the Wall Street Journal and Tanvi Madan of the Brookings Institution.

The trio discuss the drivers behind Trump’s decision, India’s response to the crisis, and the future of India’s policy of “multi-alignment.” Plus, the two discuss the U.S. government’s 180-degree turn on Pakistan and the prospects for an amicable resolution of the U.S.-India trade spat by summer’s end.

Episode notes:

1. Praveen Swami, “Asim Munir’s India nuke threat from US ballroom—‘will take half the world down,’” ThePrint, August 10, 2025.

2. Sadanand Dhume, “India Is Losing Its Best and Brightest,” Wall Street Journal, July 30, 2025.

3. “Tanvi Madan on the geopolitical shifts revealed by the India-Pakistan crisis,” The Economist, May 12, 2025.

4. Ashley J. Tellis, “India’s Great-Power Delusions,” Foreign Affairs (July/August 2025).

5. Nirupama Rao, Dhruva Jaishankar, Lisa Curtis, and Ashley J. Tellis, “What Kind of Great Power Will India Be?Foreign Affairs (September/October 2025).

6. Milan Vaishnav, “How India Can Placate America,” Foreign Affairs, July 16, 2025.

7. “What Kind of Great Power Will India Become? (with Ashley J. Tellis),” Grand Tamasha, July 2, 2025.

Up next
Jul 2
What Kind of Great Power Will India Become?
Two summers ago, Ashley J. Tellis published an essay in Foreign Affairs titled, “America’s Bad Bet on India,” which led to an extended, highly charged debate about the future of the U.S.-India relationship.Just a few weeks ago, Ashley published another big-picture piece in Foreig ... Show More
47m 42s
Jun 25
Hindutva Politics in the Diaspora
How and why did Hindu nationalism become popular among India’s diaspora after India’s independence in 1947? This is the central question of Hindu Nationalism in the Indian Diaspora: Transnational Politics and British Multiculturalism, a 2023 book by the historian Edward Anderson. ... Show More
46m 53s
Jun 18
The Decline and Fall of an Indian Ed Tech Empire
India’s celebrated education technology company Byju’s went from being one of the world’s most hyped start-ups to being sued for fraud in a Delaware court and accused of engaging in unethical, if not illegal, behavior.The episode serves as a cautionary tale about the world of sta ... Show More
47m 45s
Recommended Episodes
Sep 2024
Ep70. Peak Disorder in Bangladesh
‘Peak Disorder’ is Jason’s coinage for: the democratic world’s inability to exert ordering capacity to respond to new challenges except if they are existentially pressing because we are simply too divided, distracted, and overtaxed by existing crises. This phenomenon of ‘peak dis ... Show More
55m 48s
Aug 2024
Bangladesh Battered
Bangladesh is facing its worst crisis in recent times. The government has broken down, PM Sheikh Hasina has escaped, law and order is in complete disarray as mob violence and vandalism continue to rattle several parts of the country. As talks of an interim government hang in the ... Show More
28m 51s
Jan 2025
The Muslim senator who took on Australia’s government | Fatima Payman | The Big Picture
When Fatima Payman was first elected to Australia’s senate - she didn’t imagine she’d go to war with the Prime Minister two years later. Back in May, the country’s first ever hijabi lawmaker broke ranks with the governing Labor Party and accused Israel of genocide in Gaza. Despit ... Show More
42m 30s
Oct 2024
Tunisie : Kaïs Saïed, le fossoyeur de la jeune démocratie tunisienne
Personne ne l’attendait. En 2019, Kaïs Saïed, professeur de droit spécialiste de la Constitution en Tunise remporte l’élection présidentielle, avec plus de 70 % des voix. Un raz-de-marée, pour cet homme sans parti ni expérience politique. Sa popularité, il la doit à ses nombreuse ... Show More
22m 45s
Jun 17
Muhammad Yunus: We dream of creating a new Bangladesh
Rajini Vaidyanathan, BBC News presenter and correspondent, speaks to Muhammad Yunus, interim leader of Bangladesh.The 84-year-old is perhaps one of the world’s best-known Bangladeshis. Described as the banker to the world’s poor, he gained international recognition as a Nobel pri ... Show More
22m 59s
Apr 2024
21. Are We Living Through the Most Revolutionary Period in History?
Fareed Zakaria says yes. But it’s not just political revolution — it’s economic, technological, even emotional. He doesn’t offer easy solutions but he does offer some hope. SOURCES:Fareed Zakaria, journalist and author. RESOURCES:Age of Revolutions: Progress and Backlash from 160 ... Show More
1h 2m
Jul 2024
Taiwan’s 100-Year Rise From Japanese Colony to Monopoly Producer of Microchips
When global supply chains were shut down in 2020 and messily rebooted after COVID lockdowns ceased, one island nation emerged as the most important player in getting critical components to factories around the world. That was Taiwan, which produces 90 percent of the world’s advan ... Show More
43m 5s