Trump Trade Tariff

The commerce ministry on Friday said India and the US remain engaged in discussions for a mutually beneficial bilateral trade agreement. The ministry has denied reports about a hold off on bilateral engagement. "We have noted a media report regarding ongoing trade talks with US. It is denied that there is any hold off in bilateral engagement. It is reiterated that the two sides remain engaged for a mutually beneficial trade agreement," the commerce ministry said in a statement. The remarks assume significance as the United States Trade Representative (USTR) on March 11 launched a fresh round of Section 301 trade investigations targeting policies and industrial practices of 16 economies, including India and China. Following a decision of the US Supreme Court striking down sweeping tariffs of the US administration, President Donald Trump has announced 10 per cent tariffs on all countries for 150 days from February 24.

US trade data show exports from Southeast Asia to America have risen despite Donald Trump's tariffs, supported by tech demand, lower manufacturing costs and the rerouting of goods from China

Donald Trump signs order imposing tariffs on 68 countries and EU from August 7; while some nations secured last-minute trade deals, many - including India and Canada - face steep new duties

New US tariffs starting August 1 will range from 15% to 50%, with tougher terms for nations with strained ties; India pursues interim pact amid deadline pressure

Indian Rupee today: The domestic currency opened 21 paise higher at 85.50, a day after closing at 86.71 against the dollar

Indian exporters are expected to face stronger competition in low-value-added segments like raw, frozen, and peeled frozen shrimp, according to the Crisil report

Trump could apply Section 122 tariffs of up to 15 per cent for 150 days or initiate investigations under Section 301, though those would take longer to implement

The news conference, according to Indian time, will take place at 7:30 pm today. However, Donald Trump has not specified the country to which he was referring

For years, Chinese e-commerce giants like Shein and Temu thrived on a trade loophole that let them ship cheap goods to the US without paying tariffs, which President Trump has now ended

The onshore yuan fell to its weakest level since September 2023 as Beijing signals policy shift to support exporters and counter US trade pressure

This is the second time that Trump has commented about India's tariffs. Previously, Trump has also called India a 'tariff king'

'I probably will tell you that on April 2, but it'll be in the neighborhood of 25 per cent,' Trump told reporters at his Mar-a-Lago club when asked about his plan for auto tariffs

Beyond alienating friends and partners, Mr Trump's tariffs will probably fail to advance his apparent goal of reducing the US trade deficit

Tariffs were Trump's weapon of choice early on, but as China policy hardened he expanded the arsenal

Two US automotive executives said Friday they believed the idea had been floated in White House talks last week by Commerce Secretary Wilbur Ross

"Only losers" will emerge from the U.S. and European Union battling one another with tariffs, said Bernhard Mattes, the president of German auto-industry lobby VDA