Page 2 - Tariff

Trump’s 100% tariff shock on pharma: What it means for India, pharma stocks?

US President Donald Trump has once again rattled markets with his tariff announcement, this time targeting the pharmaceutical sector.

India, China should oppose any form of tariff, trade wars: Chinese envoy

China and India should firmly oppose hegemony, power politics and any form of tariff and trade wars, Chinese ambassador Xu Feihong said on Tuesday amid New Delhi's frosty ties with the Trump administration after it doubled the levies on Indian goods to 50 per cent. In an address at an event, the envoy proposed a four-point approach to advance relations between India and China that included finding the "right way" to get along with each other in the spirit of mutual respect and trust. Xu said the two countries should not allow the boundary question to define the current China-India relations and that bilateral trade should be expanded as it has "great potential". The envoy's remarks came more than three weeks after Prime Minister Narendra Modi and Chinese President Xi Jinping held talks on the sidelines of the Shanghai Cooperation Organisation (SCO) summit in China's Tianjin city. In the last few months, both sides have initiated a series of measures to reset their ties that came un

Trade, Tariffs, H-1B shock: What did Jaishankar and Rubio discuss? | Trump tariffs | India-US trade

External Affairs Minister S Jaishankar met US Secretary of State Marco Rubio in New York for the first time since Washington doubled tariffs on Indian imports.

Watch | Trump on 50% tariffs "Very close to Modi, but sanctioned India" | Russian oil | Trade war

US President Donald Trump on Thursday said he is very close to Prime Minister Narendra Modi, but imposed 50 per cent tariffs on India nonetheless because of its imports of Russian crude oil.

US, Chinese officials hold talks in Spain on TikTok deadline, trade

The talks mark the fourth time in four months that the delegations have met in European cities to try to keep fractured U.S.-China trade relationship from collapsing under President Trump's tariffs

US court ruling on Donald Trump's tariffs fuels market uncertainty

Wall Street's main indexes fell about 1% on Tuesday, while longer-dated U.S. Treasury yields jumped, amid a global bonds selloff on fiscal worries

India Post suspends all US-bound mail services over new tariff rules

India Post has halted booking and dispatch of all US-bound mail, citing operational hurdles under new US tariff rules, affecting families, students and small exporters

Piyush Goyal slams India Inc, says needs to step out of 'cosy comfort zone'

The commerce minister said Indian industry sees the large domestic market as a comfortable profit zone, and that it needed to re-evaluate its efforts at value addition

Commerce ministry holds talks with exporters to counter steep US tariffs

The Commerce Ministry will hold a series of meetings this week with exporters from various sectors, including chemicals, gems and jewellery, to discuss ways to boost exports to new markets to shield industries from the steep 50 per cent US tariffs on Indian goods, an official said on Wednesday. The official also said work is progressing fast on the formulation of the Export Promotion Mission, announced in the Budget for 2025-26. "In the next 2-3 days, the ministry will meet stakeholders on the diversification of exports," the official added. The steep 50 per cent tariff on Indian goods entering the United States, which came into effect from August 27, would impact exports worth more than USD 48 billion. The sectors which would bear the brunt of the high import duties imposed by the Trump administration include textiles/ clothing, gems and jewellery, shrimp, leather and footwear, animal products, chemicals, and electrical and mechanical machinery. Sectors such as pharma, energy ...

India, US hold 2+2 dialogue on trade, defence after tariff tensions

India and the US held a 2+2 Intersessional Dialogue to advance trade, defence, and security cooperation after weeks of strained ties over Washington's new tariffs on Indian goods

Nikki Bhati dowry death case, RBI on US tariffs, Fitch affirms India’s rating at ‘BBB-’ & more top #newsinamin

RBI Governor Sanjay Malhotra on Monday said the central bank will respond with policy measures if the 50% US tariffs, effective Wednesday, hurt India’s growth.

Secondary tariffs on India 'economic leverage' to end Russia war: Vance

Vice President J D Vance on Sunday said President Donald Trump has applied aggressive economic leverage such as secondary tariffs on India to force Russia to stop bombing Ukraine. Vance was speaking during an exclusive interview on NBC News' Meet the Press when he also said the step would make it harder for the Russians to get rich from their oil economy. The Trump administration has been highly critical of India for its procurement of discounted crude oil from Russia. Interestingly, Washington has not been criticising China, the largest importer of Russian crude oil. India has been maintaining that its energy procurement, including from Russia, is driven by national interest and market dynamics. Vance remained confident the US can broker an end to the war between Russia and Ukraine despite potential hang-ups that have emerged since President Trump's meeting this month with Russian President Vladimir Putin, NBC News said. We believe we've already seen some significant concessions

Indian envoy, US lawmakers discuss trade, energy security amid tariff row

Indian envoy Vinay Mohan Kwatra on Friday discussed mutually beneficial trade engagement and energy security with US lawmakers amid tariff tensions between Washington and New Delhi. The Indian ambassador met Senator Bill Hagerty and thanked him for consistent and strong support to the India-US partnership. Briefed him on continuing bilateral discussions for fair, balanced and mutually beneficial trade engagement, the Indian envoy posted on social media. He also shared perspectives on India's energy security and the growing trade between India and the US in hydrocarbons with Senator Hagerty. Kwatra also held a productive conversation with Congressman Greg Landsman and briefed him on developments in bilateral trade engagement. Briefed him on recent developments in bilateral trade engagement and energy security, and the growing hydrocarbon partnership between our countries, he posted on social media. Earlier, Kwatra met with Rep Josh Gottheimer, Ranking Member of the National Securi

China opposes US plan to impose up to 50% tariffs on India: Amb. Feihong

China fully opposes the US move of imposing tariffs of up to 50 per cent on India and Washington's threat to increase it, Chinese envoy Xu Feihong said here on Thursday. In his address at an event here, Feihong also said that tariff and trade "wars" were disrupting the global economic and trade system. The Chinese envoy's remark assumes significance as it comes amid a thaw in Sino-India ties. India and China on Tuesday unveiled a series of measures for a "stable, cooperative and forward-looking" relationship that included jointly maintaining peace along the frontier, reopening border trade, promoting investment flows, and resuming direct flight connectivity at the earliest. The announcements aimed at realising the "full" development potential of the two Asian giants came amid growing estrangement in ties between India and the US over President Donald Trump's policies on trade and tariffs. India and China listed the measures in a joint document after Chinese Foreign Minister Wang Y

Trump says 'we'll see what happens' on August 12 deadline for China tariffs

US Treasury Secretary Scott Bessent has said that Washington has the makings of a deal with China and he was "optimistic" about the path forward

Trade ties must not compromise policy sovereignty, says Jayant Chaudhary

Union Minister Jayant Chaudhary on Friday said national interest is paramount and trade diplomacy cannot be at the cost of policy sovereignty, days after the US ratcheted up tariffs on Indian goods to 50 per cent. Addressing a skills summit organised by FICCI here, the minister said the government is sensitive and allied to the strong support and solidarity extended by the Indian industry. "Currently the global economy appears to be in a flux. Of course we need full support from the industry. This is the kind of conversation and you could almost call it a battle that the government of India is currently engaged in, but we have decided that trade diplomacy cannot be at the cost of policy sovereignty," the minister for Skill Development and Entrepreneurship said. Last week, US President Donald Trump had announced 25 per cent tariff on India that came into effect from August 7. Later, Trump also signed an executive order slapping an additional 25 per cent levy on India for New Delhi's

Trump's sweeping new tariffs take effect, fuelling global trade tensions

The latest monthly measure of inflation showed that appliances, clothing and furnishings became more expensive in June

Watch | PM Modi on Trump tariffs: Ready to pay heavy price for our farmers, fishermen | Trade war

Prime Minister Narendra Modi has responded to Donald Trump’s reciprocal tariff, saying India will not compromise on the interests of its farmers, fishermen, or dairy farmers

Trump tariff impact: Govt hopeful US will modify tariffs downwards

Despite tensions over tariffs, India continues diplomatic engagement with the US and remains hopeful that the White House will reconsider its 25% tariff on Indian goods

Tariffs drive June inflation rise in US, delaying Fed rate cut hopes

The personal consumption expenditures (PCE) price index rose 0.3 per cent last month after an upwardly revised 0.2 per cent gain in May, the Commerce Department's Bureau of Economic Analysis said