Page 6 - Tariffs

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

Trump says tariff revenue could fund direct payouts to US citizens

As Trump signals cash benefits from trade tariffs, he fires the labour statistics commissioner after weak jobs data and faces a surprise Fed governor resignation

Best of BS Opinion: India must not bend the knee before Trump's tariffs

Today's articles look at India's options while dealing with the vagaries of Donald Trump's tariff impositions, a look at a potential new VP for India, and the desire for older, great brand campaigns

Apple's iPhone sales rise on tariff rush, doubts linger on sustainability

The results came at a precarious time for the company long seen as Big Tech's safest bet

Gold prices to drop? Analyst decodes near-term strategy amid tariff threats

Considering the US GDP data, weekly job report, hot PCE report and calm in the wider markets despite tariffs, gold is susceptible to further decline in the near-term, says Praveen Singh of Mirae Asset

US importers in limbo as chaotic Trump tariffs lack clear guidance

US importers and customs brokers face confusion as Trump's new tariffs lack formal notices, leaving key implementation details unclear and risking delays, penalties, and costly compliance issues

Goldman Sachs, Bernstein, Nomura: Brokerages decode Trump India tariffs

Export-oriented stocks, analysts said, can underperform in the near-term. Investor sentiment till trade talks turn positive from here is expected to remain cautious, they suggest

US tariffs may hit India's IT sector indirectly via tech spend cuts: EY

Though the Indian IT services sector is not directly hit by the newly-announced 25 per cent US tariffs on goods, the ripple effects could be "substantial" as rising input costs may prompt US companies to scale back discretionary tech spends, Nitin Bhatt, Technology Sector Leader at EY India said on Thursday. The tariff announcement comes at a time when the export-led Indian IT industry is grappling with macroeconomic uncertainties and the advent of Artificial Intelligence (AI). "While the Indian IT services sector isn't directly hit by the newly announced 25 per cent US tariffs, the ripple effects could be substantial. Rising input costs may prompt US companies to scale back discretionary tech spending. Simultaneously, growing unease around workforce mobility and evolving digital taxation frameworks could redefine how cross-border services are priced and delivered," Bhatt said. Companies that pivot to hybrid delivery models, diversify geographically, and embed AI at scale will be ..

Best of BS Opinion: FTA with UK a clear shift in India's stance on trade

Our daily wrap of today's Opinion page traverses the India-UK FTA, what the RBI needs to do to make the financial inclusion index more transparent, US tariffs, and the Jane Street affair

Datanomics: How India-UK CETA can boost trade from textiles to whiskeys

The CETA will allow duty-free access to 95 per cent of India's agriculture exports to the UK, which accounts for a bit over five per cent of the goods exported to the UK

CETA joins India's expanding trade playbook: A new template for future FTAs

From protectionism to liberalisation - it sets a new template for India's future FTAs

Trump says 50-50 chances of negotiating a trade deal with European Union

Trump earlier this month issued a letter saying the EU would face a 30 per cent tariff on most goods if they fail to reach an agreement by Aug 1

Sensex rises 400 pts, Nifty above 25,150; Auto stocks lead gains today

At 12:30 PM, Sensex was trading at 82,570.47 level, up by 384 points or 0.47 per cent

Few tariff exclusions in India-UK free trade agreement, says MEA

Agreeement gets Cabinet approval, likely to be signed on Thursday; highest priority to ensure energy security: Misri

Thailand to cut tariffs on 90% of US goods to avoid Trump trade levy

Thailand is one of the Southeast Asian countries racing to finalize terms with the US

Japan racks up trade deficit amid threat from Donald Trump's tariffs

Japan sank into a trade deficit of 2.2 trillion yen ($15 billion) for the first six month of this year, according to government data released Thursday, as exports were hit by President Donald Trump's tariffs. In June, Japan's exports slipped 0.5% from a year earlier after its shipments of vehicles and other products were slapped with a 25% tariff. Trump has postponed implementing that higher import duty until Aug. 1, to allow time for negotiations but so far no deal has been reached. Exports in June totaled nearly 9.2 trillion yen ($62 billion), in the second straight month of declines. Imports in June rose 0.2% to 9 trillion yen ($61 billion), the Finance Ministry said. That left a trade surplus of 153 billion yen (just over $1 billion). The trade deficit in May was 637.6 billion yen, or $4.4 billion. Japan's exports to the United States fell 11% in June, with auto exports plunging 25%. Shipments to China decreased by nearly 5%. Exports to Mexico, a major auto assembly hub for Nort

Will place tariffs of over 10% on smaller countries, says Donald Trump

President Donald Trump told reporters Tuesday that he plans to place tariffs of over 10 per cent on smaller countries, including nations in Africa and the Caribbean. "We'll probably set one tariff for all of them," Trump said, adding that it could be "a little over 10 per cent tariff" on goods from at least 100 nations. Commerce Secretary Howard Lutnick interjected that the nations with goods being taxed at these rates would be in Africa and the Caribbean, places that generally do relatively modest levels of trade with the US and would be relatively insignificant for addressing Trump's goals of reducing trade imbalances with the rest of the world. The president has this month been posting letters to roughly two dozen countries and the European Union that simply levied a tariff rate to be charged starting August 1. Those countries generally faced tax rates on the goods close to the April 2 rates announced by the US president, whose rollout of historically high import taxes for the U

India-US trade talks moving fast as fresh deadline nears: Piyush Goyal

India and US negotiators are in Washington for intense discussions, with the interim trade pact facing a critical deadline and pressure from the US on tariff concessions

EU delaying retaliatory tariffs on US, hopes to reach deal by Aug 1

The EU will suspend retaliatory tariffs on US goods scheduled to take effect Monday in hopes of reaching a trade deal with the Trump administration by the end of the month. "This is now the time for negotiations," European Commission President Ursula von der Leyen told reporters in Brussels on Sunday, after President Donald Trump sent a letter announcing new tariffs of 30% on goods from the EU and Mexico starting Aug 1. The EU America's biggest trading partner and the world's largest trading bloc had been scheduled to impose "countermeasures" starting Monday at midnight Brussels time (6 pm EDT). The EU negotiates trade deals on behalf of its 27 member countries. Von der Leyen said those countermeasures would be delayed until Aug 1, and that Trump's letter shows "that we have until the first of August" to negotiate. European leaders have urged Trump and von der Leyen to give negotiations more time. "We have always been clear that we prefer a negotiated solution," she said. If they

Why did UBS downgrade Bharti Airtel, Vi ahead of Q1 results? Find out here

UBS has downgraded Bharti Airtel to 'Sell' and Vi to 'Neutral', while keeping the target prices unchanged at ₹1,970 and ₹8.5, respectively.