Page 7 - Tariffs

EU votes to curb Chinese medical devices, cites procurement bias

The move comes after the EU, in its investigation, found that Beijing discriminated against foreign firms in procurement of medical devices

Tariffs, AI unleashing unprecedented uncertainty: Infosys chairman Nilekani

Nilekani cautioned that tariffs, which have become a lightning rod across the globe for their impact on various industries, are underscoring the need for companies to diversify their sourcing

What's behind the 2% decline in Nifty Metal index today?

As per media sources, the US government is likely to increase tariffs on imported steel and aluminium from existing 25% to 50% starting June 4, to support domestic manufacturing of metal in the US.

Central banks prepare for an age of uncertainty after USA's tariff moves

A new world economic order is emerging as a result of US tariff decisions, prompting central banks to consider options to handle the situation

Rupee slips as tariff ruling lifts dollar; opens 16 paise lower at 85.52/$

Indian Rupee today: The domestic currency opened 16 paise weaker at 85.52 against the US dollar, after ending at 85.36 on Wednesday

Changes in tariffs, US immigration policies may negatively hit biz: Wipro

IT firm Wipro has cautioned that escalations in tariffs and trade policies of "certain countries with large economies", and changes in US immigration laws may negatively hit its revenues and business. In its annual report for FY25, Wipro noted that ongoing global trade tensions and evolving regulatory environments pose significant risks to its operations, particularly as the company relies heavily on international markets for growth. "Our revenues are highly dependent on clients primarily located in the Americas (including the US) and Europe, as well as on clients concentrated in certain industries; therefore, an economic slowdown or factors that affect the economic health of the US, Europe or these industries would adversely affect our business," Wipro said. The USD 280 billion company, which derives 62.3 per cent of its revenue from US clients, and 27 per cent from Europe, acknowledged its vulnerability to economic and policy shifts in these regions. "If the economy in the Americ

Tariff uncertainties pose growth risks, says RBI Governor Sanjay Malhotra

The governor said India's domestic growth is supported by stable policies, healthy corporate balance sheets and strong macroeconomic fundamentals that bode well for the economy.

Donald Trump's tariff deals: End of the beginning in global standoff

Many experts thought that Mr Trump's aim was to lock China out of the global trade chains by striking major deals with big, long-term trading partners and allies. They were wrong

Stock market close highlights: Sensex sheds 200 pts; Nifty ends at 25,019; SMIDs outperform

Sensex Today | Stock Market Highlights on Friday, May 16, 2025: The Nifty Smallcap100 and Nifty Midcap100 indices closed with gains of 1.86 per cent and 0.94 per cent, respectively

China to US ocean cargo bookings surge nearly 300% after tariff truce

The suspension of tariffs is pushing US importers to front-load orders from China, with shipping lines predicting an earlier-than-expected peak cargo season

Tariff truce prompts Chinese auto-parts makers to rethink US investment

The 90-day temporary easing of US tariffs on China has introduced a high level of uncertainty, with the Chinese auto sector weighing the short-term and long-term impact

'US-UK FTA can serve as launch pad for Indian firms to enter US mkt'

MEA's Dammu Ravi says Indian firms can leverage the US-UK trade pact to expand into American markets, but cautions on supply chain gaps and infrastructure hurdles

Who is He Lifeng, the Chinese official leading high-stakes US trade talks?

He Lifeng, China's Vice Premier and close ally of Xi Jinping, is set to lead crucial trade talks with the US in Switzerland amid rising tensions, as both sides face escalating tariffs

Rahul Gandhi backs Trump's tariff stand, says India must negotiate firmly

At an interactive session in the US, Congress leader Rahul Gandhi had said Donald Trump has every right to push for tariff changes, but India must negotiate confidently to secure a fair deal

Is it a good time to buy stocks? Chris Wood of Jefferies answers

With US stocks trading at nearly 19.2x forward earnings, global investors, Wood suggested, should continue to reduce positions in favour of Europe, China and India

Textile sector: India needs to grab the opportunity amid tariff turmoil

India needs to reclaim the grounds which it has been losing over the last 15-20 years as one of the market leaders in textiles

India, US likely to use side letters to settle non-tariff barriers

The US has in recent days raised serious concern over non-tariff barriers the American businesses face in India

Tariff shock risks hit India growth; policy reset, reforms needed

The answer lies in assessing the impact through both a cyclical and strategic lens

Trump admin would consider cutting China tariffs as part of talks

China tariffs could come down to between 50% and 65%, the paper said, citing a White House official

US effective tariff has surpassed levels seen during Great Depression: IMF

Reflecting the complexity and fluidity of the moment, IMF's World Economic Outlook on Tuesday presented a range of forecasts for the global economy