Page 2 - Tariff

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

EU plans retaliation strategy as US hardens trade stance before deadline

The overwhelming preference is to keep negotiations with Washington on track in a bid for an outcome to the impasse ahead of next month's deadline

India's goods exports may face pressure in fiscal 2026 amid tariffs: Crisil

Ratings firm CRISIL said that India's goods exports are likely to face some headwinds in fiscal 2026, as reciprocal tariffs imposed by the US are seen to aggravate this. With the tariff hikes expected to come into effect from August, India and the US are negotiating on a bilateral trade agreement and a key monitorable, the report said. The World Trade Organisation forecasts a 0.2 per cent decline in the volume of merchandise trade in 2025 compared to 2.9 per cent in 2024. The report said global growth is expected to slow down to 2.9 per cent in 2025 from 3.3 per cent. Growth in the US, India's largest export destination, is projected to slow to 1.7 per cent from 2.8 per cent. Accordingly, India's merchandise trade is expected to come under pressure this fiscal. However, the current account deficit (CAD) is expected to stay in the safe zone at 1.3 per cent of the GDP in the current financial year. The surplus in services trade, a robust flow of remittances is expected to cushion

Stocks fall, dollar up as Trump plans 25% tariffs on Japan, South Korea

Trump announced in April a 10 per cent base tariff rate on most countries and higher "reciprocal" rates ranging up to 50per cent, with an original deadline of this Wednesday

Tariff deadline extension: US nears trade deals, says Donald Trump

In April Trump unveiled a base tariff rate of 10 per cent on most countries and additional duties ranging up to 50 per cent, although he later delayed the effective date for all but 10 per cent until

EU hopes for Trump tariff deal by July 9 deadline after 'good exchange'

It was not immediately clear, however, whether there had been a meaningful breakthrough in talks to stave off the imposition of sweeping tariff hikes on the United States' largest trading partner