Page 10 - Tariffs

Pharmaceutical growth cure lies in CDMOs' resilience to market ailments

They get growth Rx from outsourcing, with fewer Trump tariff side effects

India may gain as US imposes fresh tariffs on China, others: NITI Aayog

Apart from the additional tariffs that have been imposed on Mexico, China and Canada by the US, these countries account for 50 per cent of the US's total imports, which stands at over $3 trillion

EU plans concessions for Trump administration after reciprocal tariffs hit

EU officials were told at meetings this week in Washington that there was no way to avoid new auto and so-called reciprocal tariffs that Trump is launching next week

Brokerages analyse US tariffs impact on economies, sectors and markets

Analysts at Barclays, meanwhile, estimate that nearly $22 billion worth of India's exports (30 per cent of exports to the US and 5 per cent of total goods exports) are most at risk

India proposes tariff cuts on US farm imports as April 2 deadline looms

Unlike many other nations, India has been been on the front foot to negotiate tariff cuts and is open on over half of US imports worth $23 billion, Reuters reported

Canadian PM Mark Carney announces end of ties with US over Trump tariff

Carney's statement comes a day after Trump announced 25 per cent tariff on auto imports

India's growth story intact despite US tariff threat, says Piyush Goyal

Since taking over as the US President over two months ago, Trump has been implementing protectionist policies in an attempt to Make America Great Again

Indian industry seeks shield from US tariff, pushes for trade pact

The US administration has said it will impose reciprocal tariffs from April 2 to match the tariff and non-tariff barriers on imports from America

Industrial goods tariffs be India's focus during trade talks with US: GTRI

Both sides hope to finalise the first tranche of the agreement by the fall of 2025

Manufacturing sector must not rely on tariffs for cover: India Inc

With supply chain uncertainties looming, companies are trying to procure more components and create an inventory, felt industry insiders

India Inc should not worry about tariffs, focus on competitiveness: Godrej

Amid fears of the possible impact of US tariff measures, industry grouping CII on Tuesday asked companies to focus on competitiveness rather than worrying about the duty revisions. Jamshyd Godrej, the chairman and managing director of locks and refrigerator maker Godrej & Boyce, said that Indian manufacturers will have to focus on scale just like China in its pursuit to become more competitive. US President Donald Trump has announced that the country will charge tariffs at par with the ones levied by India on American imports from April 2. Experts have opined that there is a difference in tariffs of the two countries and there can be some impact on Indian exporters. "...I think tariffs is the wrong thing to focus on. The thing to focus on is competitiveness. And I think everyone should get away from this tariff mindset," Godrej told reporters on the sidelines of CII Manufacturing Summit here. Godrej, who has been a past president of CII and also chairman of the summit, recalled ..

Here's why India's confidence about Trump's trade tariffs is deluded

Indeed, if anybody nourished a vague hope that Trump would fail to impose tariffs on Indian exports, the man himself dashed them last week

Trump announces 25% tariff on nations buying Venezuelan oil and gas

Venezuelan crude has made up less than 1 per cent of all crude imports for India in FY25

Best of BS Opinion: Uncertainty rules in a world in flux

Thanks to President Donald Trump, not just the world but even the US Fed remains in a state of suspense over how his tariff-threats will pan out in the real world

Pakistan, IMF agree to cut average applied tariffs by 43% over five years

Pakistan and the IMF have made further adjustments to the economic liberalisation plan and agreed to cut weighted average applied tariffs to around 6 per cent a reduction of 43 per cent over five years in the protection level available to local industries, according to a media report. The International Monetary Fund (IMF) had long been raising concerns over the protection available to local industries, but Pakistani authorities were reluctant to open these areas. The country has the third-highest trade-weighted average tariffs in South Asia at 10.6 per cent. After the implementation of the full liberalisation plan, it will have the lowest weighted average tariffs in the region. A weighted average applied tariff is the average of effectively applied tariff rates, weighted by the value of imported goods to which they are applied. The final adjustments were made during a virtual meeting held on Thursday, The Express Tribune newspaper reported quoting government sources. It has been

A world much like the 1930s: Echoes of war, tariffs, and autocracy

But three key differences make today even more alarming

No country-specific or reciprocal tariffs imposed by the US yet, says GoI

Under the ambitious "Mission 500", India and the US aim to more than double bilateral trade to $500 billion by 2030 by expanding partnerships across multiple sectors

Tariffs and sanctions are now a reality in global trade, says S Jaishankar

The External Affairs Minister emphasised the growing weaponisation of economic activities, adding that financial flows, energy supplies, and technology are now being used in global competition

Govt assessing gains, challenges from US tariffs: Commerce secy Barthwal

Barthwal said govt is carrying out stakeholder consultations and assessing challenges, opportunities, and the broader impact of the additional tariffs imposed by the US on Indian exports

Trump vows to respond to EU's threat of counter tariffs on US goods

Trump said Ireland had used its tax policies to lure away pharmaceutical and other companies from the United States, but US reciprocal tariffs would help rebuild US manufacturing