President Donald Trump has a penchant for keeping international trade and tariffs perpetually in turmoil. The latest salvo in the tariff saga is a recently released White House report titled “The Great Transshipment Scam”. This report and a slew of tariff related actions in the US during the past few weeks call into question the possibility of India securing a predictable and stable tariff regime for its exports to that country. This also has implications for the ongoing negotiations for a bilateral trade agreement.