Page 143 - Donald Trump

Indian fuel exports to US escape Trump's tariff net, no Russian penalty yet

India's exports of petroleum products like diesel and jet fuel to the US continue to be exempted from the levy of any import duty or tariff, and President Donald Trump has, for now, not indicated the penalty he plans to impose to deter New Delhi's energy trade with Russia. On Wednesday, Donald Trump had announced plans to impose a 25 per cent tariff on India, along with an additional penalty, citing concerns over the country's energy and defence ties with Russia, as well as existing trade barriers. However, the executive order he signed thereafter only gives effect to the 25 per cent tariff on Indian goods coming to the US. Even this has an exclusion list that includes finished pharmaceutical products (tablets, injectables and syrups), active pharmaceutical ingredients, electronics and ICT goods (semiconductors, smartphones, SSDs and computers), and petroleum products (crude oil, LNG, refined fuels, electricity and coal). The executive order also does not indicate any penalty that i

Trump's tariff clouds cast a spreading gloom over export-focused MSME mood

The downward sentiment comes despite the Composite MSME Business Confidence Index (M-BCI) indicating a favourable business environment for MSMEs

Trump orders trade tariffs on 68 nations: Who has a deal and who doesn't

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

'Dead hand can strike': Medvedev hits back at Trump's 'dead economies' jab

Donald Trump took aim at 'dead economies' of Russia and India - even warning 'Russia and the USA do almost no business together'; Medvedev fired back, saying that 'dead hands' still pack nuclear power

Key things to know about how Elon Musk boosted hard-right figures in Europe

Elon Musk may have tumbled from political grace in Washington, DC, but as he seeks to build a new political party, his power on X where he commands the most popular account remains unchecked. Musk is a kingmaker on the platform he acquired in 2022 for USD 44 billion. He has used his influence to cultivate hard-right politicians and insurgent activists across Europe. A retweet or reply from Musk can lead to millions of views and tens of thousands of new followers, according to an Associated Press analysis of public data. That fact has not been lost on influencers who have tagged Musk persistently, seeking a reply or a retweet. It has also fuelled concerns in Europe about foreign meddling -- not from Russia or China, but from the United States. Every alarm bell needs to ring, Christel Schaldemose, a vice president of the European Parliament who works on electoral interference and digital regulation, told AP. The Associated Press analysed more than 20,000 posts, which were compiled

'Was fighting lunatics like you': Trump hits back at reporter on tariffs

During a White House press briefing, US President Donald Trump defended his delayed action on tariffs, saying he 'was fighting lunatics like you' when pressed by a reporter on the issue

Pakistan to import US crude for first time after Trump trade deal

Pakistan's top refiner will receive its first-ever US crude shipment in October, following a new Trump-brokered energy pact aimed at deepening trade and geopolitical ties

Tariff worries, Sun Pharma Q1 miss: Why are pharma stocks falling today?

Pharma stocks came under pressure after President Trump announced a 25 per cent tariff rate for Indian exports to the US

Trump to build $200 million White House ballroom through private funding

The new ballroom will be privately funded by US President Donald Trump and other donors; the venue is expected to seat 650 guests, replacing temporary South Lawn tents

Trump ended conflicts including India-Pak, deserves Nobel Peace Prize: WH

Donald Trump should be awarded the Nobel Peace Prize, White House Press Secretary Karoline Leavitt has said, claiming that the US President ended several conflicts around the world including the one between India and Pakistan. Since May 10, when Trump announced on social media that India and Pakistan had agreed to a "full and immediate" ceasefire after a "long night" of talks mediated by Washington, he has repeated his claim on several occasions that he helped settle the tensions between the two countries. At a White House press briefing on Thursday, Leavitt said that Trump has now ended conflicts between Thailand and Cambodia, Israel and Iran, Rwanda and the Democratic Republic of the Congo, India and Pakistan, Serbia and Kosovo and Egypt and Ethiopia. She said that the president has brokered, on average, about one peace deal or ceasefire per month during his six months in office. "It's well past time that President Trump was awarded the Nobel Peace Prize, she said. Trump has ...

India's Russian oil buys 'a point of irritation', says US Secretary Rubio

US Secretary of State Marco Rubio says India's Russian oil imports are 'a point of irritation' in ties with Washington, a day after Trump announced 25 per cent tariffs on all Indian exports

Trump demands pharma companies slash US prices in blow to industry

In the letters, sent to Eli Lilly & Co., Novo Nordisk A/S, Pfizer Inc. and others, Trump insisted companies immediately lower what they charge Medicaid for existing drugs

Trump signs order imposing new tariffs on trading partners from August 7

President Donald Trump on Thursday signed an executive order that set new tariffs on a wide swath of US trading partners to go into effect on August 7 the next step in his trade agenda that will test the global economy and sturdiness of American alliances built up over decades. The order was issued shortly after 7 pm on Thursday evening. It came after a flurry of tariff-related activity in the last several days, as the White House announced agreements with various nations and blocs ahead of the president's self-imposed Friday deadline. The tariffs are being implemented at a later date in order for the rates schedule to be harmonised, according to a senior administration official who spoke to reporters on a call on the condition of anonymity. The order capped off a hectic Thursday as nations sought to continue negotiating with Trump. It set the rates for 68 countries and the 27-member European Union, with a baseline 10% rate to be charged on countries not listed in the order. The ...

Brokerages size up US's trade punch: Tariff impact seen as limited

Brokerages are hopeful that the final tariff may land lower - 15-20% - as both nations continue to negotiate a solution

Trump tariffs may drag India's FY26 GDP growth by 20-40 bps: Economists

Apart from the 25 per cent tariff, Trump on Wednesday threatened to impose a penalty on India for buying Russian oil and defence equipment

Trump team 'frustrated' with India over trade, says US Treasury Secy

US Treasury Secretary accused India of refining and reselling Russian oil, calling the country 'not a great global actor'

Trump scraps $800 import exemption, may dent India's e-commerce exports

The move may impact Indian online sellers and e-commerce companies, many of whom have built businesses around shipping small parcels

US judges challenge claim that emergency law lets Trump impose tariffs

The US Court of Appeals for the Federal Circuit in Washington, D.C., is considering the legality of "reciprocal" tariffs that Trump imposed on a broad range of US trading partners in April

Trump strikes oil deal with Pakistan, says 'maybe they'll sell to India'

Trump announced a new oil partnership with Pakistan via Truth Social, saying both the nations would jointly develop reserves and hinting that Islamabad may one day supply oil to India

Trump gives Mexico 90-day tariff hike relief to continue trade talks

President Sheinbaum described the conversation with Trump as "really good" and said both countries have 90 days to build a long-term deal