Donald Trump Tariff Hike

Congress leader P Chidambaram on Saturday accused US President Donald Trump of indulging in the "weaponisation of tariffs" and said the move must be condemned. In a post on X, the former finance minister said he was not surprised that Trump was "desperately searching" for ways to re-impose tariffs after the US Supreme Court struck down the so-called reciprocal tariffs that he had announced on April 2, 2025. "What is surprising is that some commentators and BJP-leaning trolls are obliquely justifying the actions of Mr Trump to retain the tariffs in one way or other. "Do they realise that the tariffs severely disrupted trade and were contrary to the rule-based trading order that all countries desire? Do they realize that the tariffs hurt India's exports to the US?" he asked. Chidambaram said Trump's actions were condemned by all countries as "weaponisation of tariffs". "Post-judgement, what President Trump is attempting to do (under various other provisions of law) is also weaponisa

He said the administration would determine and announce revised tariff levels for different countries in the coming months within the limits permitted under law

GTRI says the US Supreme Court's decision striking down Trump's global tariffs frees most Indian exports from reciprocal duties, prompting a reassessment of the new bilateral trade deal

India could face a sharp rise in US tariffs after Donald Trump announced a 25 per cent duty on countries trading with Iran, adding pressure on exporters already hit by higher levies

Donald Trump claimed Prime Minister Narendra Modi knew he was not happy about India's purchase of Russian oil, saying the US could further raise tariffs 'very quickly'

The United States would maintain a tariff rate of 19% on exports from all three countries under the deals, with the levy to be reduced to zero for some goods

Hemin Bharucha, from London & Partners, shares practical insights on global expansion, the India-UK FTA, and the skills you need to thrive in the global business world. >

The Trump administration has told the US Supreme Court that it imposed tariffs against India for purchasing Russian energy products "to deal with a preexisting national emergency regarding Russia's war in Ukraine and as a "crucial aspect" of the President's push for peace in the country. Trump has imposed 25 per cent reciprocal tariffs on India and an additional 25 per cent levies for Delhi's purchases of Russian oil, bringing the total duties imposed on India to 50 per cent, with effect from August 27. In a 251-page appeal to the Supreme Court, submitted Wednesday, the Trump administration said that the President recently authorised IEEPA (International Emergency Economic Powers Act) tariffs against India for purchasing Russian energy products, to deal with a preexisting national emergency regarding Russia's war in Ukraine, as a crucial aspect of his push for peace in that war-torn country. The appeal further states that the stakes in this case could not be higher. The President an

It is unbelievable that India's refusal to acknowledge the role of the US in ending 'Operation Sindoor' should lead to such harsh measures

Wood has removed the investment in Aditya Birla Real Estate in his India long-only equity portfolio and replaced it with an investment in Mahindra & Mahindra (M&M)

Data from the Annual Survey of Industries (ASI) show that these sectors together employed around 21 million workers directly and via contractors in 2023, Nomura said

Trump has long railed against EU tech and antitrust regulation over US tech giants including Alphabet Inc.'s Google, Apple Inc. and Meta Platforms Inc

Our own negotiations have so far come to nought. We face amongst the highest tariffs of any country. Mr Trump has supplemented his tariffs with claims and threats

India and the US have held five rounds of trade negotiations, with the sixth round scheduled later this month in India

Business and startup leaders urge reduced US dependence as Trump's tariff hike on Indian exports threatens $80 billion in trade and hits tech and FMCG sectors

Shortly after Nvidia CEO met Trump and agreed to a 15% cut, the US Commerce Department began issuing licences for AI chip sales to China

From an investment and trading perspective, it's clear there is no upside to tariffs for either nation

Economists expect India's FY26 GDP to face a 35-60 bps hit from US tariff hike; strong domestic demand may cushion the blow but targeted support may be needed

Benchmarks rebound from sharp fall as domestic investors pour in ₹10,864 crore

With Trump's tariff hike targeting Indian exports, New Delhi may await US domestic shifts, engage BRICS leaders, and explore alternative markets before retaliating