Page 7 - Donald Trump Tariff Hike

South Korea requests to be excluded from Trump's efforts to raise tariffs

South Korean officials have asked the Trump administration to exclude their country from US plans to impose aggressive tariffs on trade partners, emphasizing that Seoul is already applying low duties on American products under the free trade agreement between the two nations. South Korea's government on Friday said Deputy Trade Minister Park Jong-won made the request while travelling to Washington this week for meetings with unspecified officials from the White House, the Department of Commerce and the Office of the US Trade Representative. The South Korean Trade Ministry didn't say what Park heard from the Americans. Park cited how South Korean companies were contributing to the US economy through large-scale business investments and noted that the country was already imposing low duties on free trade partners such as the United States. He called for South Korea to be excluded from US plans to establish reciprocal tariffs with trade partners and raise duties for imported steel and .

Buy dips in auto stocks amid Tesla's India debut, Trump tariffs: Analysts

Trump tariff news, Tesla India: US President Donald Trump said he would levy around 25-per cent import tariffs on automobiles, starting April 2, 2025

Nearly 90% of Japanese firms say Trump's policies hurt business: Survey

Around 72 per cent of those surveyed cited Trump's trade policies, including tariffs, as a key issue, while 26 per cent blamed worsening US-China relations, the survey found

Japan raises concerns over auto tariffs with US as Trump threatens 25% hike

It's not clear if Japan is also seeking an exemption from the auto tariffs as Trade Minister Yoji Muto didn't respond directly on Tuesday when asked about it

Cong slams Trump's threat to GST, questions Modi's stance on tariffs

The Congress on Wednesday claimed that the talk of reciprocal tariffs by US President Donald Trump is calling into question a consumption tax like GST, and wondered whether his "good friend in New Delhi" would stand up to it when national sovereignty is at stake. Congress general secretary in-charge communications Jairam Ramesh said his party has long been calling for a GST 2.0 that will make GST a truly Good and Simple Tax, as it was intended to be. It has called for the barest minimum of rates and vastly reformed compliance rules, he said in a post on X. "Now President Trump is threatening the very existence of GST. By its very structure, GST is applicable to imports but not on exports. This has never been disputed," he said. Now all this talk of reciprocal tariffs by the US President is calling into question a consumption tax like GST, Ramesh claimed. "WTO apart, national sovereignty is at stake here. Will President Trump's good friend in New Delhi, who keeps trumpeting that he

Export sector face uncertainty as Trump threatens reciprocal tariffs

To ease trade tension, India has already cut tariffs on several items, for example to 30 per cent on high-end motorcycles from 50 per cent and 100 per cent on bourbon whiskey from 150 per cent

Govt plans more tariff changes to curb US President Trump's trade threats

Weeks after she unveiled sweeping cuts to duties on imports from textiles to motorcycles, India's finance minister said that she will carry on the process of reforming the nation's tariff regime

Stock Markets Crash: Nifty levels; strategy after Q3 results, Trump tariffs

Stock Market Crash: Nifty's immediate resistance is placed at 23,810, above which the bearish formation of 'Lower Top-Lower Bottom' gets negated

Need a serious fall in Indian markets before I start buying: Jim Rogers

I do not like to buy markets that are making all-time highs. As a rule, if the markets are correcting and investor are not worried, I do not buy, Jim Rogers said.

Markets Today: GIFT Nifty gap-up; Trump tariffs; Modi US visit highlights

Stock Markets Today, Feb 14: During their bilateral talks, PM Modi and US President Donald Trump talked about India's border issue with China; India and US' role in ending Russia-Ukraine war

'Today is the big one: Reciprocal tariffs': US President Donald Trump

President Donald Trump said Thursday that he'll sign an order that increases US tariffs to the rates other countries charge on imports. TODAY IS THE BIG ONE: RECIPROCAL TARIFFS!!! Trump posted on his social media site, Truth Social. MAKE AMERICA GREAT AGAIN!!! The prospect of a dramatic hike on tariffs could send shockwaves through the world economy, possibly depressing growth while also causing inflation to intensify. Trump has maintained that such tariffs will help to create domestic factory jobs, but most economists say they would effectively be a tax increase on US consumers that would add to inflationary pressures. The Republican president has openly antagonised multiple US trading partners over the past several weeks, levying tariff threats and inviting them to retaliate with import taxes of their own that could send the economy hurtling into a trade war. Trump has put an additional 10 per cent tariff on Chinese imports due that country's role in the production of the opioid

Trump says lower interest rates would go hand-in-hand with tariffs

A Reuters poll showed the Federal Reserve was expected to wait until the next quarter before cutting rates again. Tariffs could fuel US inflation and postpone rate cuts

Steel, pharma, chemicals: Top Indian sectors at risk of higher US tariffs

Countries that have free trade agreements with the US, such as Singapore and South Korea, are safer with respect to Trump's reciprocal tariff threat, analysts at Nomura said.

Gold price hits $2,900 today, up 11% in 2025; will the rally continue?

The recent uptick in gold prices in 2025 has been led by tariff threats by US president Donald Trump, which in turn have seen investors move away from equities to safer havens.

India's aluminium exports to US may fall due to Trump's tariff hikes

Unlike aluminium companies, India's steel producers are not expected to face significant setbacks as their supplies to the US are smaller

Oil prices rise despite concerns over US tariffs, trade war risks

Trump said on Sunday that the US is making progress with Russia to end the Ukraine war, but he declined to provide details about any communications with Russian President Vladimir Putin

Canada aims to strengthen EU trade ties amid tariff threats from Trump

Canada is also pushing to diversify its exports and set itself a target in 2018 of increasing non-US exports by 50 per cent by 2025. Ng said the country was on track to meet or exceed the target

Trump may announce reciprocal tariffs on imports as early as Friday

Trump announced tariffs of 25 per cent on Canada and Mexico on Saturday but delayed them after a negative reaction from investors

China files WTO dispute over Trump's tariffs, escalating trade tensions

In a statement cited by the WTO, China's government said the measures appeared to be inconsistent with U.S. obligations under the agreement that led to the creation of the trade body

Donald Trump tariffs hammer markets globally, rupee sinks below 87/$

The benchmark Sensex and Nifty ended with a decline of around half a per cent