While US President Donald Trump had initially framed tariffs as non-negotiable, he later hinted at possible compromises
Trade war escalates as China announces retaliatory measures against the US, while other economies seek dialogue with the White House
At the global level, slower trade will also mean slower growth, especially for export-oriented economies, Sabnavis said. Back home, he feels that the MSMEs will be under pressure again
Trump's tariff salvo has also reignited the fears of a global recession, as well as inflation in the US
US President Donald Trump has imposed a 10 per cent baseline tariff on all imports and reciprocal tariffs on individual countries. Here's an explainer on how tariffs work and what they mean for India
The silver lining amid all this is the fact that the reciprocal tariffs on India are lower than the other economies like China at 34 per cent and Vietnam at 46 per cent, Baliga said
Reciprocal tariffs, announced by US President Donald Trump, might have a long-term, negative impact on the global economy, warned Deepak Shenoy, founder and CEO of CapitalMind over an 'X' post.
Noted economist Arthur Laffer warns in a new analysis that President Donald Trump's 25% tariffs on auto imports could add USD 4,711 to the cost of a vehicle, adding that the proposed taxes could weaken the ability of US automakers to compete with their foreign counterparts. In the 21-page analysis obtained by The Associated Press, Laffer, whom Trump awarded the Presidential Medal of Freedom in 2019 for his contributions to economics, says the auto industry would be in a better position if the president preserved the supply chain rules with Canada and Mexico from his own 2019 USMCA trade pact. The White House has temporarily exempted auto and parts imports under the USMCA from the tariffs starting on April 3 so that the Trump administration can put together a process for taxing non-US content in vehicles and parts that fall under the agreement. Without this exemption, the proposed tariff risks causing irreparable damage to the industry, contradicting the administration's goals of ...
US President Donald Trump, during his Congress addressed, announced that his administration will implement reciprocal tariffs on multiple nations, including China and India, starting April 2
According to Ambreesh Baliga, an independent analyst, "It's essentially a pullback rally following a prolonged decline in the Indian market."
From a steel standoff in 2018 to a lumber feud spanning decades, here's how US-Canada tariff battles have shaped trade relations over the years
As part of his effort to rewrite global trade rules, Trump announced a series of duties including 25 per cent tariffs on steel and aluminum exports that could take effect as soon as March 12
While many countries are considering retaliatory tariffs on US goods, such measures are both unproductive and unlikely to deter Mr Trump
Technical chart suggests that the Nifty Auto, IT and Pharma indices can potentially fall up to 22% from present levels if these key support levels are broken.
The company is waiting to see the final details of the U.S. plans before making a final decision