Page 3 - Tariffs

Market complacent on tariffs; additional 25% pure hypocrisy: Nilesh Shah

If someone wants 25 per cent returns, I don't see opportunities. For high single-digit or low double-digit returns, there are plenty, says Nilesh Shah of Kotak AMC in this exclusive interview.

India must impose higher tariffs on US imports: Arvind Kejriwal

AAP national convener Arvind Kejriwal on Thursday demanded that India impose higher tariffs on imports from the United States to protect the interests of Indian farmers. There was no immediate response from the central government to Kejriwal's demand. US President Donald Trump has imposed a 50 per cent trade tariff on India over its crude oil imports from Russia. The tariff will impact exports and job creation in labour-intensive sectors such as shrimp, apparel, diamonds, leather and footwear, and gems and jewellery. Addressing a press conference here, Kejriwal alleged that the BJP-led central government has decided to waive 11 per cent duty on cotton imported from the US, a move he claimed could adversely affect domestic growers. "There are lakhs of farmers in the country who depend on cotton for their livelihood. If cotton is imported duty-free, our farmers will suffer losses. Why is the government hurting them?" he asked. The former Delhi chief minister said countries across th

Delhi traders call US tariff hike temporary, urge govt support for exports

Delhi's trade associations on Wednesday expressed concern over the US decision to impose a 50 per cent tariff on Indian goods, but said the impact would largely be temporary as India would explore alternative markets and strengthen domestic competitiveness. The Federation of Sadar Bazar Traders' Association (FESTA) termed the step "unfair and unwise". "Tariffs will create a situation of trade war between the two countries," FESTA Chairman Paramjit Singh Pamma said. They appealed to Prime Minister Narendra Modi to give maximum relief to traders in GST and ensure low-interest loans so that domestic products can remain competitive. The Gandhi Nagar Market Association described the disruption as temporary. "This is only a short-term problem as our exports will be routed to other countries," said the association's President Naresh Sikka, adding that traders are confident better alternatives will be found under the Prime Minister's policies. Additionally, Khan Market Traders' Associatio

What to know about India's rising oil imports from Russia amid US tariffs

President Trump accused India of aiding Moscow's war on Ukraine by purchasing Russian energy, derailing trade talks between India and the United States

LIVE news updates: Cabinet approves India's 2030 CWG bid, says Ahmedabad ideal host

Top news updates: Catch all the latest news updates here

US slaps steep tariffs on Indian goods, exports set to fall from Wednesday

The new duties will apply from 12:01 am EDT on Wednesday (9:31 am IST), it showed. Exceptions are shipments in transit, humanitarian aid, and items under reciprocal trade programmes

EU, US set new steps to cut tariffs and boost transatlantic trade

The development underscores the nature of trade talks under Trump, with some initial, broad pronouncements of deals giving way to weeks or more of work to hammer out detailed agreements

US tariffs may lower India's growth by 30 bps over a year, says HSBC report

Along with the 25 per cent tariff in effect, the US had imposed an additional 25 per cent penalty on India for importing crude from Russia

US examines equity stake in chip makers for CHIPS Act cash grants: Report

Trump administration has recently made unusual deals with US companies, including allowing AI chip giant Nvidia to sell H20 chips to China, exchange for the US government receiving 15% of those sales

US-China tariff status quo working well ahead of November, says Bessent

Bessent's remarks indicate that an easing of tensions between the two sides remains in place, potentially creating an opening for President Donald Trump to meet Chinese leader Xi Jinping

Reliance Jio ends 1GB/ day daily plans, sets new base tariff at ₹299

The two discontinued Jio plans are now accessible solely through physical retail outlets, with online recharge no longer available

Trump tariff shock: A wakeup call for India as challenges intensify

The crisis may not be as visible this time as in 1991, but the stakes are just as high

No additional tariffs by US on Indian pharma, electronics so far: Govt

The government on Tuesday said no additional tariffs have been imposed on Indian exports to the US in sectors like pharmaceuticals, and electronics so far. In a written reply to the Lok Sabha, Minister of State for Commerce and Industry Jitin Prasada said reciprocal tariff at the rate of 25 per cent has been imposed on certain goods exported from India to the US, effective August 7. It is estimated that around 55 per cent of the total value of India's merchandise exports to the US is subjected to this reciprocal tariff, he said, adding that additional ad valorem rate of duty of 25 per cent with effect from August 27 has been imposed on certain goods exported from India. "No additional tariffs have been imposed on Indian exports to the US in sectors like pharmaceuticals, and electronics as yet," Prasada said. He also said the government is engaged with all stakeholders, including exporters and industry, for taking feedback of their assessment of the impact from the reciprocal tariff

Donald Trump says gold imports won't be tariffed in reprieve for market

Gold futures traded on New York's Comex and the global benchmark for spot prices in London were little-changed after Trump's post

US tariffs on Indian oil imports from Russia a 'big blow' to Moscow: Trump

President Donald Trump on Monday said American tariffs imposed on India for purchasing Russian oil have dealt a "big blow" to Moscow's economy, which is not doing well, as he referred to New Delhi as Russia's "largest or second largest oil buyer". Addressing a press conference at the White House, Trump claimed that Russia's economy has been severely disrupted by the ongoing global pressures due to the imposition of US tariffs on several countries. "I think Russia has to get back into building their country. It's a massive country... They have tremendous potential in Russia to do well. They're not doing well. Their economy is not doing well right now because it's been very well disturbed by this," he said. "Doesn't help when the President of the United States tells their largest or second-largest oil buyer that we're putting a 50% tariff on you if you buy oil from Russia. That was a big blow," Trump said, in an apparent reference to India. Trump has imposed 25 per cent reciprocal ..

US tariffs threaten to derail India's affordable housing market recovery

MSME and SME sectors, key consumer segments for affordable housing, face income disruption from US tariffs, raising risks for sales, launches, and housing finance institutions

Trump urges China to quadruple soybean buys amid tariff truce talks

In a late night post on Truth Social, Trump said China was worried about a shortage of soybeans and he hoped it would quickly quadruple its soybean orders from the US

Brokerages decode Tata Motors' Q1 results; is the stock still worth buying?

Nuvama Institutional Equities flagged the sharp miss in Tata Motors' JLR and India PV earnings, reducing its FY26E/FY27E Ebitda estimates by 6-7 per cent.

Indian economy is robust: Arvind Panagariya counters Donald Trump's jibe

Dismissing US President Donald Trump's "dead economy" jibe, 16th Finance Commission Chairman Arvind Panagariya on Friday said the Indian economy is growing at 7 per cent, and more than that in dollar terms. Panagariya was speaking at the Business Today India@100 event. "You don't grow at 7 per cent plus (if the economy is dead), and actually in dollar terms we are growing at more than 7 per cent. I don't know what the definition (of dead economy) means. May be, dead bodies do move," he said when asked if India is a dead economy. Asked about India's trade protectionism, Panagariya said: "There may be protectionist measures... We are substantially open". Mounting a sharp attack on India, Trump had remarked that India is a "dead economy". "I don't care what India does with Russia. They can take their dead economies down together, for all I care," Trump had said in a social media post on July 31. Trump later imposed 50 per cent tariff on Indian goods imported to the US with a brief .

Trump's tariffs to India's oil bets: Decoding sanctions on Russia

Even before Russia invaded Ukraine in February 2022, Moscow was under sanctions due to its annexation of Crimea