Last mentioned: 7h ago
Target Deadline
Goal to reach $30 billion in annual bilateral trade.
Operational Launch
Expected start of commercial production for display driver chips.
Equipment Installation
Installation of specialized semiconductor assembly and testing machinery.
Construction Commencement
Initial site preparation and infrastructure development at the YEIDA site.
Surcharge Expiration
The 150-day temporary surcharge period under Section 122 is set to expire unless renewed or replaced.
Tariff Implementation
The 10% global tariff officially takes effect for all trade partners.
Executive Defiance
Trump holds a press conference asserting that India will continue to pay tariffs regardless of the ruling.
Critical Minerals Deal
PM Modi and President Lula sign the agreement to boost rare earth cooperation.
Foundation Stone Laid
PM Narendra Modi virtually lays the foundation for the India Chip Pvt Ltd facility.
Pact Signing
India and Brazil sign critical minerals agreement and revise trade targets.
Supreme Court Ruling
SC rules 6-3 that IEEPA does not authorize the President to levy duties.
Executive Order Signed
Trump signs new order invoking Section 122 of the Trade Act of 1974.
SCOTUS Ruling
The Supreme Court rules 6-3 that the tariffs exceed executive authority under IEEPA.
AI Impact Summit
President Lula addresses AI governance in Delhi before bilateral talks.
State Visit Begins
President Lula arrives in India for a five-day visit with a massive business delegation.
Aerospace Partnership
Embraer and Adani Group announce plans to build aircraft in India.
Tariff Announcement
President Trump announces 'reciprocal tariffs' on global trading partners, including India.
US Tariff Pressure
Both India and Brazil hit by US tariffs, prompting a shift toward Global South cooperation.
Trade Baseline
Bilateral trade reaches $12 billion milestone.
India and Brazil have significantly upgraded their economic partnership, revising bilateral trade targets to $30 billion by 2030 while signing a landmark agreement on critical minerals and rare earths. The deal aims to secure high-tech supply chains and reduce reliance on third-party nations for essential manufacturing inputs.
Prime Minister Narendra Modi has laid the foundation stone for India Chip Pvt Ltd, a 60:40 joint venture between HCL Group and Foxconn in Greater Noida. The facility, focused on display driver chips, is a cornerstone of India's strategy to achieve semiconductor self-reliance by 2028.
India and Brazil have signed a landmark agreement to cooperate on critical minerals and rare earths, aiming to reduce dependence on Chinese monopolies. The deal strengthens 'Global South' supply chain resilience amid shifting trade policies and recent tariff pressures from the United States.
Following a 6-3 Supreme Court ruling declaring his 'reciprocal tariffs' illegal, President Trump asserted that trade terms with India remain unchanged. The administration is reportedly seeking alternative legal pathways to maintain the tariff structure despite the court's finding that the executive exceeded its authority under the IEEPA.
Following a Supreme Court ruling that struck down the use of emergency powers for trade levies, President Trump has invoked Section 122 of the Trade Act of 1974 to impose a 10% global tariff. The move recalibrates trade costs for partners like India and introduces a 150-day window of heightened supply chain volatility.