Page 3 - Tariff

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

Donald Trump aims to shut trade loopholes China uses to evade tariffs

The agreement slaps a 20 per cent tariff on Vietnamese exports to the US and a 40 per cent levy on goods deemed to be transshipped through the country

Trump warns of July 9 tariff hike as Treasury Chief Bessent hints delay

Asked if the mid-July deadline was set in stone, Trump suggested he could even shorten the timeline for trading partners seeking deals

Amid reciprocal tariff row, NITI Aayog backs 'dual-track' India-US trade

In the aftermath of 'reciprocal tariffs' by the US, India should adopt dual-track approach and selectively reduce high tariffs on non-sensitive agricultural commodities imports from Washington, while also strategically offer concessions where domestic supply gaps exist, a NITI Aayog working paper has said. The Aayog in a working paper, titled 'Promoting India-US Agricultural Trade Under the New US Trade Regime', said that India's agricultural sector needs safeguards, to ensure price stability for both producers and consumers, against excessive volatility in international markets. "A dual-track approach is essential now. In the short term, India should consider to selectively reduce high tariffs on non-sensitive imports and negotiate non-tariff safeguards on vulnerable segments such as poultry," the paper said. It noted that sudden announcement of "reciprocal tariffs" and enhanced market access for US exports following re-election of Donald Trump as President of the United States in

Gold price dips ₹10 to ₹95,170, silver price falls ₹100 to ₹99,700

The price of 22-carat gold declined ₹10, with ten grams of the yellow metal selling at ₹87,190

'Zero-for-zero' tariff under proposed India-US BTA unlikely: Report

A 'zero-for-zero' tariff strategy under the proposed bilateral trade agreement between India and the US is unlikely, as the two countries are at different levels of economic development, official sources said. Certain trade experts have suggested that India can propose a 'zero-for-zero' tariff strategy to the US for addressing America's reciprocal tariff hikes. An official said that zero-for-zero tariffs can be possible between the US and the European Union (EU) as both are developed and advanced nations. The India-US agreement will always be a "package" deal that could include issues such as goods and non-tariff barriers, the official said adding "it does not happen like this that if he will do 'zero' in electronics, we will also do in electronics. Trade agreements do not happen like this. It is a wrong thinking". India and the US have been engaged in negotiating a bilateral trade agreement (BTA) since March. Both sides have targeted to conclude the first phase of the pact by fall

Trump's tariffs take effect: India faces 26% tax on exports, China 104%

With Donald Trump's sweeping tariffs kicking in, India's key exports are now taxed at 26%, while China faces a staggering 104% levy-sparking fears of a global trade war

Donald Trump cuts India tariff to 26% from 27% in final White House list

Trump's 27% tariff on Indian imports has been quietly revised to 26% after discrepancies in White House documents sparked confusion among trade watchers and officials

Donald Trump tariffs trigger sector churn with more losers than winners

The Nifty Pharma index surged 2.25 per cent after the pharmaceutical sector was unexpectedly spared from reciprocal tariffs, at least for now

Trump’s tariffs: A boon for Indian textile exports?

Trump's tariff gives Indian textile exporters an edge over competitors. Could this be a game-changer for India's apparel industry? Watch as we decode!

'PM Modi is a very smart man, India-US tariffs will work out well': Trump

Trump hails PM Modi as a 'very smart man' and a 'great friend,' expressing confidence that India-US trade talks will resolve tariff issues for a mutually beneficial outcome

US President Trump's 25% tariff hands the car industry keys to China

By smashing up the links holding the delicate non-Chinese supply chain together, Mr Trump is guaranteeing a future where Beijing rules the road

Trump's threat to pull the trigger may jolt India's complacent elite

India needs another shot of difficult reform, of the kind only possible at gunpoint. Mr Trump holds that gun to our heads now

Trump warns auto industry: No car price hikes after tariff shake-up

Trump warned US automakers not to raise prices in response to his latest 25 per cent tariff on imported vehicles and parts, despite industry concerns over rising costs and inflation

Is Trump's 25% car tariff about to drive the auto industry off a cliff?

Will Trump's 25 per cent car tariff drive the auto industry into crisis as global leaders threaten retaliation and prices soar for consumers?

Data localisation norms a key sticking point in India-US BTA talks

Among digital services, one of the contentious issues on the table is India's data localisation norms - cross-border flow of data - that have been a concern for American companies