Trump Tariff Plan

US tariffs pose near-term challenges for auto component makers: ACMA

The decision to impose high tariffs on Indian goods by the US presents near-term challenges for the auto component makers, underscoring the importance of enhancing the sector's competitiveness and exploring new and diversified markets, industry body ACMA said on Thursday. On August 6, the US announced an additional 25 per cent tariff on all Indian imports, on top of an existing 25 per cent duty, taking the total to 50 per cent from August 27. "The recent decision by the US to impose higher and additional tariffs on certain imports from India, including auto components, underscores the shifting landscape of global trade," ACMA President Shradha Suri Marwah said in a statement. While this development presents near-term headwinds, for Indian exporters, it also underscores the importance of enhancing our sector's competitiveness, strengthening value addition, and exploring new and diversified markets, she added. The US is a significant trade partner of the Indian auto components ...

India, Asean drift apart as Trump tariffs strain trade ties and trust

Trump might be the immediate cause of this rift, but, as always, China's massive manufacturing overcapacity is at the heart of the problem

Stock Market close: Sensex dips 176 pts, Nifty at 25,476; realty, metal stocks drag, Vedanta down 3%

Sensex Today | Stock Market close, Wednesday, July 9, 2025: The Nifty MidCap 100 fell 0.13 per cent, while the Nifty SmallCap index rose 0.59 per cent.

Trump's tariffs may overshadow Rubio's first official trip to Asia

Sweeping tariffs set to be imposed by President Donald Trump next month may cast a pall over his top diplomat's first official trip to Asia this week just as the US seeks to boost relations with Indo-Pacific nations to counter China's growing influence in the region. Trump on Monday sent notice to several countries about higher tariffs if they don't make trade deals with the US, including to a number of Asian countries. The move came just a day before Secretary of State Marco Rubio planned to depart for a Southeast Asian regional security conference in Malaysia. Top diplomats and senior officials from at least eight countries that Trump has targeted for the new tariffs, which would go into effect on Aug 1, will be represented at the annual Association of Southeast Asian Nations Regional Forum in Kuala Lumpur that Rubio will attend on Thursday and Friday. State Department officials say tariffs and trade will not be Rubio's focus during the meetings, which the Trump administration ..

'Modi will meekly bow to Trump': Rahul Gandhi slams PM over tariff deadline

Rahul Gandhi targets PM Narendra Modi over looming US tariff deadline as India continues trade talks; failure to finalise a deal by July 9 could trigger 26 per cent duty on key Indian exports to US

Trump calls US-Japan car trade unfair, floats keeping 25% tariffs

'So we give Japan no cars. They won't take our cars, right? And yet we take millions and millions of their cars into the United States. It's not fair,' Trump said

US tariffs signals end to era of free trade: Singapore PM Lawrence Wong

Wong also criticised the US's policy to address the country's trade imbalances by imposing tariffs. Wong believes that running a trade deficit is not inherently negative

Trading guide, April 11: Trump 90-day tariff halt, global sell-off, TCS Q4

In the previous session, Indian markets ended in the red after the RBI MPC cut the repo rate by 25 basis points to 6 per cent, and shifted its policy stance from 'accommodative' to 'neutral'.

Operation over, patient healing: Trump defends reciprocal tariffs

Trump's tariff salvo has also reignited the fears of a global recession, as well as inflation in the US

'Protectionism leads nowhere': China on US tariffs; vows countermeasures

China on Thursday said it would resolutely adopt countermeasures after President Donald Trump imposed 34 per cent tariffs on its over USD 438 billion imports to America, but put off any immediate retaliatory action leaving room for a negotiated deal. Trump announced reciprocal tariffs on Chinese imports on Wednesday as part of sweeping measures aimed at reshaping American trade policy. The Chinese Commerce Ministry hit out hard on Trump's tariffs on its exports to the US, third largest after ASEAN and EU, However, its spokesperson skirted questions about an immediate action by China. To questions about the prospect of future trade talks with the US following the latest tariff measures, the ministry said China and the US had been in communications on their trade concerns, and would resolve their concerns through equal dialogues, the Hong Kong's South China Morning Post reported. Separately, the Chinese Foreign Ministry spokesperson Guo Jiakun said the US has imposed tariffs on China

Explained: What are tariffs, who pays them, and how will US enforce them

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

Govt examines US tariff move, seeks feedback from exporters: Commerce Dept

India is among countries on which Trump has imposed substantial tariffs, ranging from 46 per cent on Vietnam to 17 per cent on the Philippines, which will kick in from April 9

Trump's 'Liberation Day' tariffs: Which countries will be hit the hardest?

US President Donald Trump's new tariffs, set to take effect on April 2, will target countries with high duties on US goods, escalating trade tensions and reshaping global commerce

PwC suggests IDEA framework for India to navigate US tariff uncertainties

Global consultancy firm PwC has suggested IDEA (Invest, Diversify, Express, stay Aware) Framework for Indian businesses to navigate trade uncertainties following the decision by the US administration to impose reciprocal tariff. Since the United States (US) presidential elections in November 2024, global trade dynamics have shifted significantly. The Donald Trump administration has already implemented several tariff measures impacting major economies. The reciprocal tariff, which will impact India, is scheduled to take effect on April 2. According to PwC report, the evolving US trade policies, including tariff realignments and other measures, require Indian businesses to develop a long-term resilience strategy. The IDEA Framework provides a structured approach to navigate trade uncertainties and leverage emerging opportunities, it said. Under the Invest Framework, PwC suggested that businesses should put in money for technology upgradation and AI-driven supply chain solutions. To

India to significantly cut tariffs before April 2 deadline, claims Trump

India to lower tariffs ahead of US-imposed reciprocal duties on April 2, President Donald Trump claims, adding nations are now reducing unfair trade barriers against American exports

Global automakers warn Trump's tariffs will hurt them, US consumers

Whatever domestic economic gain comes from US President Donald Trump's new 25 per cent tax on imported cars and experts are skeptical automakers around the world are bracing for a lot of pain. In Japan, South Korea, Mexico, Canada and across Europe, the world's largest automakers employ millions of people whose livelihoods depend on US car buyers, who currently spend more than USD 240 billion annually on imported cars and light trucks. The Trump tariffs aimed at boosting US jobs and tax revenues will also affect imported auto parts, which were valued at USD 197 billion last year. The impact will be really huge and very disruptive, said Sigrid de Vries, director general of the European Automobile Manufacturers' Association. Vries and others critics say American car shoppers will also be worse off, as tariffs push prices higher. Policymakers around the world said on Thursday they were weighing their next moves namely, whether to retaliate, and if so, how. But they also express

Reciprocal tariff plan on all nations 'lenient', says Donald Trump

We have not been treated nicely by other countries, but we're going to be nice. So I think people will be pleasantly surprised, he said

Trump announces 25% tariff on Venezuelan oil: What's at stake for India?

US President Trump announced a 25 per cent tariff on countries buying Venezuelan oil and gas, effective April 2, applying to both direct and indirect buyers of Venezuelan crude

Why Trump 2.0 could play spoilsport for India's coddled billionaires

The sudden enthusiasm for the businesses of Trump's head of government efficiency has a clear message for India's billionaires: They're being cut loose

Markets Today: Trump tariff concessions; RBI; FIIs; NAPS Global IPO Day 3

In the previous session, equity markets logged their biggest single-day gain in a month, aiding Nifty50 to end its record 10-day losing streak. The Nifty settled at 22,337.30, up 254.65 pts or 1.15%