Page 14 - Tariffs

Best of BS Opinion: India must learn to negotiate its way across the world

With the world in rapid flux following the election of Donald Trump, India finds itself in uncharted waters, and needs to learn how to make deals that serve its interests to the fullest

Gold pares early losses as Trump tariffs drive interest in safe-haven

Gold, often regarded as a safe-haven investment during periods of economic or geopolitical instability, soared to a record peak of $2,817.23 on Friday

Will work out measures to help industry address non-tariff barriers: Goyal

The commerce and finance ministries are working as a team to see which are the sectors that require maximum support in terms of availability of capital, technology upgradation, marketing

Trump's tariffs on Mexico, Canada loom; these goods are in the crosshairs

President Donald Trump said this week that tariffs on US neighbours Canada and Mexico will arrive Saturday. The two nations are not only close geographically, but economically as well. The business between the North American nations now exceeds China, totalling USD 1.8 trillion in 2023. That is far greater than the USD 643 billion in commerce that the US did with China in that same year. Following are just a few imported goods that could be hit first. A grenade' lobbed into auto production For decades, auto companies have built supply chains that cross the borders of the United States, Mexico and Canada. More than one in five of the cars and light trucks sold in the United States were built in Canada or Mexico, according to S&P Global Mobility. In 2023, the United States imported USD 69 billion worth of cars and light trucks from Mexico more than any other country -- and USD 37 billion from Canada. Another USD 78 billion in auto parts came from Mexico and USD 20 billion from ...

From avocados to autos, US tariffs on Canada, Mexico could drive inflation

The 25 per cent tax that President Donald Trump plans to slap on imports from Canada and Mexico as soon as Saturday could drive up the price of everything from gasoline and pickup trucks, to Super Bowl party guacamole dip. The tariffs would also invite retaliation. Doug Ford, the premier of Ontario, has already vowed to counterpunch by pulling American alcohol off store shelves in the Canadian province no idle threat; Canada is the world's No. 2 market for America's distilled spirits (behind the 27-nation European Union). Trump's tariffs threaten to blow up the trade agreement he himself negotiated with America's neighbours in his first term. His US-Mexico-Canada Agreement the fairest, most balanced, and beneficial trade agreement we have ever signed into law", Trump once declared -- was supposed to bring predictability to North American trade, giving businesses the confidence to make investments. But when it comes to the self-proclaimed Tariff Man", Trump and his passion for ...

China's big EV push into Europe fizzles out on EU tariffs and slowdown

Brands led by SAIC Motor Corp.'s MG registered 3.5 per cent fewer EVs in the region for all of 2024, according to data from automotive researcher Dataforce

Bagasse-generated power from UP sugar mills dropped to six-year low in FY24

Sources attribute the slump in power production from bagasse to govt's reluctance to revise tariff rates

Trump's tariff plans for Canada, Mexico carry higher stake than Colombia

Having already forced Colombia to accept deportees by threatening a 25 per cent tariff, President Donald Trump is readying the same move against Canada and Mexico as soon as Saturday. But this time, the stakes are higher and many economists surveying the possible damage doubt Trump would be comfortable with what they say would be self-inflicted wounds from the tariffs. The potential for such sizable economic impacts ought to act as enough of a deterrent that Trump will not end up implementing these higher tariffs, said Matthew Martin, senior US economist at the consultancy Oxford Economics. Trump has repeatedly insisted that tariffs are coming on Canada and Mexico, despite both countries seeking to address his stated concerns about illegal border crossings and the smuggling of fentanyl. But the Republican president is also motivated by the idea that tariffs would force other countries to respect the United States. We're going to immediately install massive tariffs," Trump said in a

Rupee falls 25 paise to close at 86.56 against dollar amid tariff threats

The rupee depreciated 25 paise to close at 86.56 (provisional) against the US dollar on Tuesday, as global risk sentiments were dampened amid tariff threats by the US President Donald Trump. Forex traders said the rupee continued to face pressure due to sustained foreign fund outflows and the strength of the American currency in the overseas market amid unabated dollar demand from oil importers and weak risk appetite. At the interbank foreign exchange, the rupee opened on a weak note at 86.53, and during the day touched a high of 86.50 and a low of 86.57 against the American currency. The local unit settled for the day at 86.56 (provisional), registering a fall of 25 paise over its previous close. On Monday, the rupee depreciated 9 paise to close at 86.31 against the US dollar. "The Indian rupee declined as global risk sentiments were dampened amid tariff threats by the US President Donald Trump. This impacted the Chinese Yuan, which also led to strengthening of the US dollar," sa

India, US trying to arrange early meeting between Modi, Trump: Report

Trump's return to the White House has raised worries about the imposition of tariffs on India

French, German leaders meet to discuss proposed tariff threats by Trump

Trump, who has also threatened Canada, Mexico and China with heavy duties, said on Tuesday Europe had troubling trade surpluses with the United States and was "in for tariffs"

Gold prices hit over 2-month peak as dollar slips on signs of Trump tariffs

Spot gold climbed 0.4 per cent to $2,719.52 per ounce by 1059 GMT, reaching its highest level since Nov. 6 and nearing the all-time high of $2,790.15 set in October

Govt bond yields slip on signs of gradual tariff approach from Trump

The 10-year benchmark bond yield ended at 6.7373 per cent, the lowest level since Dec. 13, as compared with Monday's close of 6.7610 per cent

Tariffs could drive prices higher: Top Ikea retailer warns in Davos

Inflation and high interest rates have had a "damaging" impact on consumers over the past few years, Brodin said, adding that he saw demand improving

Donald Trump 2.0 presidency: What it means for stocks, H1-B visa, bitcoin

Here's how leading brokerages have interpreted Donald Trump's latest statements, and what his presidency could mean for trade tariffs, markets, crypto, H1-B immigration visa and other asset classes

UK facing threat of possible Trump tariffs braces for 'all scenarios'

Trump has repeatedly vowed to impose tariffs of as much as 20 per cent on imports to the US

India Inc lands in Davos as summit begins on Monday in Trump's shadow

Incoming US Prez expected to speak virtually with WEF audience, likely to talk about his economic plans

Dollar drifts near 2-year high as rate-cut bets fade, eyes on tariffs

The threat of tariffs along with the Federal Reserve's stated measured approach to rate cuts this year have lifted Treasury yields and the dollar

Donald Trump keeps world guessing over how he intends to impose tariffs

During his campaign, Trump promised 10 per cent to 20 per cent across-the-board tariffs on all imported goods and a tariff as high as 60 per cent on Chinese goods

Time for telcos to reap gains from tariff hike: EY's Prashant Singhal

Reduction in levies and tariff hikes are required for telecom operators in the country to reap the benefit of investments they have made in digital infrastructure, according to experts in the sector. Private operators have invested around Rs 70,000 crore in telecom infrastructure and radiowave assets this year to expand the coverage of next-generation 5G services in 2024 for the sector. However, the challenge is to keep 180 million 2G customers connected and encourage them to move to 4G for inclusive growth. "Telecom sector levies need to be rationalised, India is the highest on levies and still one of the lowest on tariffs. Innovation in tariff structure may come in with high usage customers paying more and entry level data users still at similar rates," EY India Markets and Telecom leader Prashant Singhal said. He said that India still had over 18 crore 2G customers who need to move to the 4G bandwagon in 2025 may see that happening. "The investments made by telecom companies