Trump's Tariff Hikes

Global M&A deal signings fall to 20-year low amid Trump's 'Liberation Day'

There was one bright spot for M&A last month: tech deals in which value lies more in intellectual property like algorithms and software than in physical goods subject to tariffs, like autos

Between Trump tariffs and China charm, EU rethinks trade strategy

As Beijing offers investment incentives and Trump threatens tariffs, the EU walks a diplomatic tightrope to protect its economic interests on both fronts

High US tariffs on China can boost India's manufacturing, says CEA

Global disruptions have created opportunities for emerging nations like India, and US tariffs on China could drive manufacturing shift to India due to lower duties, Chief Economic Advisor (CEA) V Anantha Nageswaran said on Saturday. While there are worries about the first, second, and third round effects of the tariffs in terms of external demand to start with and the overall uncertainty and therefore implications for capital formation etc, there are some favourable outcomes also, he said at an event organised by Ashoka University here. One of the positive impacts of the uncertain global environment is a reduction in crude oil prices which are now available around USD 60 per barrel. It is a windfall from India as it lowers input cost and also provides fiscal space, he said. "China plus one, which was a different dimension earlier, now acquires a much higher sense of urgency for many other companies located inside China. So in some sense, you can call it a second wind (in favour of .

US economy shrinks 0.3% in Q1 as tariff-driven imports hit GDP growth

Gross domestic product decreased at a 0.3% annualized rate last quarter, the Commerce Department's Bureau of Economic Analysis said in its advance estimate of first-quarter GDP on Wednesday

Trump to ease 25% auto tariffs to support US carmakers, factory jobs

President Donald Trump will sign an executive order Tuesday to relax some of his 25 per cent tariffs on autos and auto parts, the White House said, a significant reversal as the import taxes threatened to hurt domestic manufacturers. Automakers and independent analyses have indicated that the tariffs could raise prices, reduce sales and make US production less competitive worldwide. White House press secretary Karoline Leavitt said at a Tuesday briefing that Trump would sign the order later in the day but declined to provide details on the order. Treasury Secretary Scott Bessent, who joined Leavitt at the White House briefing, said the goal was to enable automakers to create more domestic manufacturing jobs. President Trump has had meetings with both domestic and foreign auto producers, and he's committed to bringing back auto production to the US, Bessent said. So we want to give the automakers a path to do that, quickly, efficiently and create as many jobs as possible. Stellantis

US consumer confidence hits 5-year low amid rising tariff concerns

Americans' confidence in the economy slumped for the fifth straight month to the lowest level since the onset of the COVID-19 pandemic as anxiety over the impact of tariffs takes a heavy toll. The Conference Board said Tuesday that its consumer confidence index fell 7.9 points in April to 86, its lowest reading since May 2020. Nearly one-third of consumers expect hiring to slow in the coming months, nearly matching the level reached in April 2009, when the economy was mired in the Great Recession. The figures reflect a rapidly souring mood among Americans, most of whom expect prices to rise because of the widespread tariffs imposed by President Donald Trump. About half of Americans are also worried about the potential for a recession, according to a survey by The Associated Press-NORC Centre. Rattled consumers spend less than confident consumers, said Carl Weinberg, chief economist at High Frequency Economics, in an email. If confidence sags and consumers retrench, growth will go ..

Amazon denies plans to display Donald Trump-imposed tariffs on listings

Trump has imposed a tsunami of tariffs on US trading partners, including China, which has seen tariff costs rise by 145 per cent since Trump took office

AO Smith Q1 revenue dips 2% on weak US, China water heater demand

The company, which makes residential and commercial water heaters, boilers, tanks and treatment products, posted a 2 per cent fall in quarterly sales to $963.9 million

Global stocks, dollar edge up as US signals easing of auto tariffs

Canada's dollar dipped against a broadly-firm US currency as Canadian Prime Minister Mark Carney's Liberals retained power in Monday's election

IMF chief urges swift action to ease trade tensions that risk growth

The head of the International Monetary Fund urged countries to move swiftly' to resolve trade disputes that threaten global economic growth. IMF managing director Kristalina Georgieva said the unpredictability arising from President Donald Trump's aggressive campaign of taxes on foreign imports is causing companies to delay investments and consumers to hold off on spending. Uncertainty is bad for business,' she told reporters on Thursday in a briefing during the spring meetings of the IMF and its sister agency, the World Bank. Georgieva's comments came two days after the IMF downgraded the outlook for world economic growth this year. The 191-country lending organisation, which seeks to promote global growth, financial stability and to reduce poverty, also sharply lowered its forecast for the United States. It said the chances that the world's biggest economy would fall into recession have risen from 25 per cent, to about 40 per cent. Georgieva warned that the economic fallout from

Boeing to resell jets blocked by China as trade tariffs delay deliveries

Boeing took the rare step of publicly flagging the potential aircraft sale during an analyst call on Wednesday, saying there would be no shortage of buyers in a tight jet market

Trump trade war fuels business uncertainty, rising costs and profit cuts

Dove soap maker Unilever, which was also reporting earnings, described declining consumer sentiment in its North American markets

US imposes tariffs as high as 3,521% on solar imports from Southeast Asia

While the duties are set to benefit domestic manufacturers, they also will pinch US renewable developers that have long relied on inexpensive foreign supplies, heightening uncertainty

Oil prices rebound on short-covering amid ongoing tariff concerns

The Brent and WTI benchmarks dropped more than 2 per cent on Monday, as signs of progress in nuclear deal talks between the US and Iran helped to ease supply concerns

Indian toy exporters see golden opportunity as US hikes tariff on China

India's toy exporters are aiming to utilise a "golden opportunity" emerging out of the steep tariffs imposed by the US on Chinese imports, and growing enquiries from American buyers eyeing alternative markets to reduce their reliance on Chinese goods. Toy Association of India has identified about 40 firms with the potential to export to the US market while meeting the compliance requirements. Currently, about 20 companies export toys in bulk to the American market, President Ajay Aggarwal told PTI. "We are getting more enquiries from US-based toy buyers in the last one month. Some Indian export houses have also got in touch with us seeking a list of the manufacturers who can make toy products as per US rules and regulations. They are looking for white labelling and original equipment manufacturers capable of meeting the compliance requirements of the American toy market," Aggarwal said. According to GMI Research, the United States' toy market size touched USD 42.8 billion in 2024 a

US small manufacturers hopeful on tariffs, but fear growing uncertainty

Drew Greenblatt is fully on board with the Trump administration's use of tariffs to rebalance a global trading system that it says favours foreign companies over US manufacturers. Greenblatt is the president and owner of Marlin Steel Wire Products in Baltimore, Maryland, which makes baskets and racks for medical device manufacturers, aerospace companies, food processing companies and others. It has 115 employees and makes its products in three locations in Maryland, Indiana and Michigan. The steel is sourced from Tennessee, Illinois and Michigan. Currently, it's hard to compete with baskets made overseas., Greenblatt says, because the countries he competes against have an unfair advantage. For example, due to European tariffs and taxes, it costs much more for a German consumer or company to buy Marlin wire baskets than it does for Americans to buy a German-made basket, creating an uneven playing field, Greenblatt said. It's wildly unfair to the American worker, he said. And this has

Xi Jinping pushes for 'Asian Family' unity amid US trade pressure

In another thinly-veiled swipe at the US, the Chinese leader reiterated his call to fight unilateralism in an article published Thursday in Cambodian media ahead of his arrival in the capital

Trump warns Harvard may lose tax exempt status over political stance

President Donald Trump said on Tuesday that Harvard University could lose its tax exempt status and be taxed as a political entity after the school rejected demands from his administration

Wall Street edges higher as investors eye possible tariff exemptions

US President Donald Trump on Monday hinted at potential exemptions for the 25 per cent tariffs imposed on imports of autos and auto parts

IEA cuts 2025 oil demand forecast amid trade tensions, economic uncertainty

Global oil demand expected to rise by 730,000 b/d in 2025, down from 940,000 b/d last year