Donald Trump Tariff Hike

Weaponisation of tariffs must be condemned: Chidambaram slams Trump

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

Trump raises global tariff to 15% from 10% day after US court's big ruling

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

India must review US trade deal after SC tariff ruling, says GTRI

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

US plans extra 25% tariff over Iran trade: What it means for India

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

'Important to make me happy': Trump's fresh tariff warning to India

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'

Donald Trump strikes trade, critical minerals deals in Southeast Asia

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

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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. >

Imposed tariffs on India over Russian oil imports: US govt to Supreme Court

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

US tariffs: A wakeup call to improve India's trade competitiveness

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

Proposed GST rejig saved the day for Indian stock markets, says Chris Wood

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)

Tariff impact: Nomura cuts FY26 GDP forecast to 5.8% in worst-case scenario

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

EU defends digital tax rules after Trump warns of tariffs on tech firms

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

India must learn from Japan to win the economic war with Donald Trump

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

US tariff hike could pressure India's economy and banks, says CreditSights

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

Trump tariff hike to 50% on Indian goods sparks calls for self-reliance

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

Nvidia, AMD to share 15% of China AI chip sales with US under Trump deal

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

Tariffs and the chicken-out game: Will India hold out till November 2026?

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

US tariff impact: India's FY26 GDP growth likely to take 60-bp hit

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

DII flows, Trump-Putin summit hopes help markets duck tariff blow

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

India could bide time till US public opinion pushes Trump to review tariffs

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