As the U.S. policy on tariffs continues to unfold in April 2025, with impacts for countries around the world, we presented Take Note: on US Tariffs and their Impact on India and South Asia. Featuring Wendy Cutler (Vice President, Asia Society Policy Institute), Surjit Bhalla (Noted economist, columnist and author), Neelkanth Mishra (Chief Economist, Axis Bank and Head of Global Research, Axis Capital) and Akshay Mathur (Senior Director, Asia Society Policy Institute Delhi), the 'Take Note' explainer offers a background on the tariffs policy announcement by the U.S. administration;  their place in the arc of the global economy; and their impact on markets in India. A question that will continue to define the months ahead is: can India use this as an opportunity to reexamine its manufacturing system and build economic bridges with other countries, perhaps ensuring its own economic growth in the process?