Page 5 - Tariffs

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

Oil set for steepest weekly losses since June, tariffs cloud demand outlook

Adding more pressure on the oil market, the Kremlin on Thursday confirmed Vladimir Putin would meet Donald Trump in the coming days, raising expectations of a diplomatic end to the war in Ukraine

Trump rules out trade talks with India until tariff dispute resolved

Trump rules out trade talks with India as US imposes 50% tariffs, citing Russian oil imports

Stock market close highlights: Sensex gains 812 pts from low, snaps 2-day losing run; NSDL zooms 20%

Stock market close highlights on Thursday, August 7, 2025: On the BSE, Tech Mahindra, Eternal (Zomato) and HCLTech were the top gainers while Adani Ports, Trent and HUL were among the major laggards.

Why Mahesh Patil sees opportunity, not panic, in Trump's tariff escalation

If effective, the steep 50 per cent tariff would be similar to a trade embargo, and will lead to sharp fall in affected export products, especially ones with thinner margins

Anand Mahindra urges India to turn tariff turmoil into "1991 moment"

Mahindra Group chairman calls for bold reforms, single-window clearance, and a tourism push to turn global tariff disruption into an opportunity for transformation

India's mobile tariffs unfair, rich pay less than poor, says Airtel MD

Bharti Airtel sees an opportunity in raising tariffs for data services as it feels that the rich are paying less and the poor are not required to pay anymore, a senior official of the company said. A customer needs to pay Rs 199 for a month-long connection which comes with unlimited local, STD, roaming calls and a 2GB data limit. By paying Rs 100 more, a subscriber on Airtel can get 1 GB data per day and it goes up to 3 GB data per day with plans starting from Rs 449 onwards. "The architecture of pricing in India is quite skewed. At the entry level itself or just above the entry level, you get so much data allowance, calling and messaging, that you really don't have any reason to upgrade. It's just an unfortunate situation where people who can afford to pay, the rich, are paying less and the poor, you know, we don't need to charge the poor anymore," Bharti Airtel Vice-Chairman and MD, Gopal Vittal said. He was replying to a question on tariffs during the company's earnings call for

Swiss scramble to avert Trump's 39% tariff ahead of looming deadline

Trump administration justified Friday's move by claiming that Switzerland had in essence stolen money from the US and should therefore be hit with a tariff rate commensurate with the trade deficit