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Ministerial Review
Expected follow-up meeting to finalize technical standards for AI cooperation.
Statutory Expiration
The 150-day window for Section 122 authority expires unless renewed or modified.
Implementation Date
New 10% global tariffs officially go into effect for all trade partners.
Executive Action
Trump signs EO for 10% global tariff under Section 122 of the Trade Act of 1974.
Rare Earths MoU
India and Brazil sign the landmark critical minerals pact in New Delhi.
Supreme Court Ruling
SCOTUS rules 6-3 that using IEEPA for broad tariffs exceeds executive authority.
Special Global Status
Bilateral ties are elevated to a Special Global Strategic Partnership focusing on deep-tech.
AI Impact Summit
PM Modi and PM Plenković meet to discuss strategic technology and energy ties.
Aerospace Partnership
Embraer and Adani Group announce plans to build aircraft in India.
Trade Headwinds
Both nations hit by US tariffs, prompting calls for stronger Global South cooperation.
Initial Trade Target
Modi and Lula set an initial $20 billion bilateral trade target in Brasilia.
Croatia Integration
Croatia joins the Eurozone and Schengen Area, increasing its influence in EU trade policy.
Horizon 2047
PM Modi and President Macron adopt the Horizon 2047 roadmap in Paris.
FTA Restart
India and the EU formally relaunch negotiations for a Free Trade Agreement.
Strategic Partnership
India and France establish their first formal strategic partnership.
India and Brazil have dramatically scaled their economic ambitions, setting a $30 billion bilateral trade target for 2030 and signing a landmark pact on critical minerals. The agreement focuses on securing resilient supply chains for rare earths and steel while expanding cooperation into high-tech sectors like AI and space.
India and Brazil have signed a landmark memorandum of understanding on rare earths and critical minerals, aiming to secure resilient supply chains and reduce a 90% import dependency on China. The partnership marks a strategic pivot for the Global South toward resource independence, advanced technology cooperation, and a $30 billion bilateral trade target.
President Donald Trump has dismissed a 6-3 Supreme Court ruling that declared his 'reciprocal tariffs' illegal, asserting that trade terms with India will remain unchanged. Despite the judicial setback regarding executive authority under the International Emergency Economic Powers Act, the administration is seeking alternative legal pathways to enforce its trade agenda.
President Trump has signed an executive order imposing a 10% global tariff by invoking Section 122 of the Trade Act of 1974, following a landmark Supreme Court ruling that invalidated his previous use of emergency powers. The move recalibrates trade relations with key partners like India while setting up a new 150-day window of economic uncertainty.
Prime Minister Narendra Modi and Croatian PM Andrej Plenković met at the AI Impact Summit 2026 to accelerate bilateral cooperation in emerging technologies and renewable energy. The leaders emphasized the strategic importance of concluding the India-EU Free Trade Agreement to unlock deeper economic integration.
India's premier conglomerates, Reliance Industries and the Adani Group, are aggressively recruiting specialized AI talent at the inaugural India AI Impact Summit. This strategic hiring push comes as the nation attracts $50 billion in AI investments, signaling a shift from traditional infrastructure to high-tech dominance.
Prime Minister Narendra Modi has formally elevated India's relationship with France to a 'Special Global Strategic Partnership,' signaling a new era of industrial and technological integration. The upgraded framework prioritizes deep-tech collaboration in defense, sovereign artificial intelligence, and clean energy transition.