Page 2 - Tariffs

Brics flags concern over tariffs, trade barriers hitting Global South

The remarks came at the annual meeting of Brics Foreign Ministers, held on the sidelines of the 80th UN General Assembly on Friday

BJP govt failed to shield India from arbitrary tariffs, visa fees: Akhilesh

Samajwadi Party president Akhilesh Yadav has attacked the BJP government commenting that an emergency has struck India's foreign policy under it and that it has failed to protect the country from arbitrary tariffs and visa fees. He also said the government has failed to protect Indians living abroad from violent attacks. In a post on microblogging site X on Saturday, Yadav said, "An emergency has struck foreign policy under the BJP rule: The BJP government is unable to protect India from arbitrary tariffs and arbitrary visa fees." He said the government is unable to keep up relations with neighbouring countries, adhere to the country's historical non-alignment policy, protect overseas Indians from handcuffs, chains, public humiliation and violent attacks, and bring any country along on the matter of terrorism. The post in Hindi added that the BJP government has put the foreign policy aside. Speaking to reporters at the party office in Lucknow, the Samajwadi Party chief slammed the

US Automakers may soon hike car prices as tariff costs pressure profits

The average manufacturer's suggested retail price, or MSRP, on new vehicles in the US rose less than 1 per cent from mid-March to mid-August, according to car-shopping site Edmunds

China accuses US of bullying over tariffs on Russian oil purchases

China opposes Washington's request that the Group of Seven and NATO countries impose secondary tariffs on Chinese imports over its purchase of Russian oil

Trump to hold call with Xi on Friday as TikTok deal framework is finalised

US Trade Representative Jamieson Greer, also speaking in Madrid on Monday, indicated that another extension in the pause on the highest tariff levels is possible when the November deadline arrives

US inflation likely rose last month as Trump tariffs drive up prices

US inflation likely ticked higher last month as the Trump administration's import taxes have lifted the price of goods, potentially putting the Federal Reserve in a tough spot when it meets next week. Economists forecast that consumer prices rose 2.9 per cent in August from a year earlier, according to a survey of economists by data provider FactSet. That would be an increase from an annual pace of 2.7 per cent in July. Excluding volatile food and energy costs, core inflation is expected to have increased 3.1 per cent, the same as in July. Both figures are above the Fed's 2 per cent inflation target. The potential increase, while modest, would underscore the challenges the Fed is facing as it experiences relentless pressure from President Donald Trump to reduce its short-term interest rate. Trump hopes that rate cuts will spur more borrowing and spending and boost the economy. Recent government reports have also shown that hiring has slowed sharply in recent months and was lower tha

India's textile exports to US jumped 9% in July on pre-tariff rush

India's textile exports to the US rose 9.1% in July as suppliers rushed shipments ahead of new tariffs though growth lagged Vietnam and Bangladesh, according to CITI

Trump signs tariff order, may grant 'most-favoured nation' rates on imports

The order lists over 45 categories of goods that could get zero tariffs if partner nations strike reciprocal trade deals, covering metals, drugs, aircraft parts and other imports

Small businesses urge US Supreme Court to fast-track Trump tariff case

In a court filing Friday, the companies said they support expedited review because they are 'suffering severe economic hardships as a result of the price increases and supply chain interruptions'

Dabur challenges Colgate as India-US trade tensions hit toothpaste ads

Consumer goods company Dabur, valued at $11 billion, took out a front-page newspaper advertisement this week carrying photos of unbranded toothpaste packs that resemble Colgate packaging

LIVE news: Trump says will impose tariffs on semiconductor imports 'very shortly'

Latest news updates: Catch all the latest developments here

US govt moves Supreme Court to uphold Donald Trump's tariff powers

The Trump administration seeks to overturn an appeals court ruling that termed its tariffs illegal, urging the Supreme Court to affirm presidential power to impose import taxes

High manufacturing costs may erode India's gains from reforms, trade deals

Post-tariffs, a slew of reforms have been proposed by many commentators, and indeed almost all of those would be welcome

Who were Boston Brahmins? Navarro's remark revives debate on elite class

White House aide Peter Navarro's jibe on 'Brahmins' while defending US tariffs on India has triggered debate, raising questions over what he meant by the term

Brics leaders to hold virtual meet to discuss Trump's trade tariffs

The US has set different tariffs for different BRICS nations, however, making it difficult for them to agree on a joint statement, according to the Brazilian officials

Rupee hits fresh intraday low of 88.33 on tariff fears, ends flat at 88.20

The rupee hit a fresh low of 88.33 on tariff concerns before recovering losses to end flat at 88.20 per dollar on likely RBI intervention, amid continued FPI outflows

Indian tea industry concerned over higher US tariff, exports likely to hit

The tea industry in India on Monday expressed concern over the imposition of higher tariffs by US President Donald Trump, stating that the hike in levy is likely to have an impact on exports of the beverage to that country. Leading industry body Indian Tea Association (ITA) said the US is a significant market for Indian tea. In 2024, the US had imported 17 million kilograms of tea from India, while the shipment to America stands at 6.26 million kilograms till May this year, according to the industry body. The additional 25 per cent tariff by the US on Indian products for the country's purchases of Russian oil came into effect on August 27, bringing the total amount of levy imposed on New Delhi to 50 per cent. The tea industry association said that the recent imposition of 50 per cent tariff on Indian goods would be a "limiting factor for exports of the beverage to the US". The association said that persistent decline in tea prices, influx of imports and export market volatility po

US continues trade talks despite court ruling on Trump tariffs: USTR

Trump blasted the decision and said he would take the case to the US Supreme Court. The appeals court said his tariffs can remain in effect through October 14 to allow for appeals

Proposed GST rejig saved the day for Indian stock markets, says Chris Wood

Wood has removed the investment in Aditya Birla Real Estate in his India long-only equity portfolio and replaced it with an investment in Mahindra & Mahindra (M&M)

Impact of 50% US tariff would be concentrated in Q2: CEA Nageswaran

The CEA said that while it was difficult to calculate the precise impact of the US tariff on the growth at this point, the removal of uncertainty can unleash higher growth in the coming quarters