Page 15 - Tariffs

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

Impact of July's tariff hike by telcos almost over, analysts believe

While overall subscriptions are down, active subscribers have risen since July

Inflation, tariffs & conflicts: Risks stack up for global economy in 2025

In richer economies, governments need to work out how to counter the conviction of many voters that their purchasing power, living standards and future prospects are in decline

Trump adds Europe to list of US trade partners facing tariff threats

President-elect Donald Trump on Friday added the 27 countries that make up the European Union to the list of trade partners he's threatening with tariffs unless the group takes steps to import more US goods. I told the European Union that they must make up their tremendous deficit with the United States by the large scale purchase of our oil and gas, Trump posted shortly after 1 a.m. on social media. Otherwise, it is TARIFFS all the way!!! In 2023, the United States' trade imbalance with the EU on goods was USD 209 billion, according to the Census Bureau. There were USD 576 billion in imports from Europe and USD 367 billion in exports from the United States. Trump's transition team did not respond to questions seeking greater clarity on the message, which for all its bluntness was unclear on next steps. When Trump threatened Canada and Mexico with 25 per cent tariffs in November, the leaders of both countries spoke with him to try and resolve any tensions. But the European Union .

EU deal and Donald Trump tariff threats bolster Mercosur trade talks

Topping the list of Mercosur's most likely new trade pacts next year are deals with the European Free Trade Association of four non-EU nations