Page 12 - Trump Tariff

Bessent says China tariffs not sustainable as US willing to de-escalate

Bessent said the tariffs - 145 per cent on Chinese products and 125 per cent on US products - would have to come down before trade talks can proceed

Dozen US states sue Trump administration over tariffs, trade policy

The suit, filed in the US Court of International Trade in Manhattan, argues that Congress didn't grant Trump the necessary authority to impose the tariffs

Trump slams 'non-tariff cheating' in detailed 8-point Easter warning

The US President also revived a controversial claim first made in 2018 about Japan's 'bowling ball test' while warning of protective technical standards

Appeasing the US at the expense of Beijing won't be tolerated, warns China

China has strongly condemned any nation that reaches a trade deal with the Trump administration that may compromise Beijing as US-China trade war escalates

Trump tariffs, competition to push Boeing, Airbus jet prices even higher

Experts described the official prices as "a complete work of fiction", noting significant discounts based on contract specifics, according to media reports

First shockwaves of Trump's trade tariffs about to hit global economy

International Monetary Fund is set to lower its outlook for economic growth in new projections released on Tuesday

Trump escalates threat to fire US Fed Chair Jerome Powell: Here's why

Donald Trump has long pressured the Fed Chair to cut interest rates, especially after the administration imposed global tariffs on trade partners

Diamond polishers in Surat face a rougher grind as US tariffs cut deep

The tariff trap Part-I: The first of a three-part series captures how Surat's diamond industry is coping with tariff uncertainties

Netflix reports record profit, unaffected by economic uncertainty, tariffs

First-quarter earnings rose 25 per cent to $6.61 a share, the company said, easily beating analysts' estimates. Sales grew to $10.5 billion, in line with projections

Reluctant to keep raising trade tariffs on China, says Donald Trump

Trump, speaking to reporters in the Oval Office on Thursday, said officials he believed represented the Chinese leader Xi Jinping had sought to start talks

Trump '100%' confident of trade deal with EU during Meloni's US visit

Trump has paused the imposition of 20 per cent reciprocal tariffs on more 75 countries, including the EU

US tariffs to weaken global economy, trigger inflation, not recession: IMF

Surging US tariffs will weaken the global economy and push up inflation this year, according to projections to be released next week by the International Monetary Fund. The IMF's Managing Director, Kristalina Georgieva, said Thursday that the Trump administration's sharp increases in duties have caused global uncertainty to spike. The import taxes will slow global growth, but not cause a worldwide recession, she added. The details of the IMF's outlook will be issued Tuesday. The world economy's resilience is being tested by the reboot of the global trading system that threatens to cause turbulence in financial markets, Georgieva said. That turbulence has been playing out in financial markets for weeks now, especially on Wall Street, which has experienced wild swings from day-to-day and often times even hour-to-hour. The IMF chief also echoed some Trump administration concerns. She called on countries to reduce their tariffs and lower other barriers to trade, a process that she said

Japan, US agree to more discussions over tariffs, reach deal soon

US President Donald Trump, who joined the negotiators in a session at the White House, described the meeting as big progress

Govt studying impact of US tariffs on chemicals, petrochemicals sector

The government is still assessing the impact of US tariffs on the country's chemicals and petrochemicals industry, a senior official said on Thursday. "We are still studying. We are in touch with the industry and trying to assess how it will impact our industry," Chemicals and Petrochemicals Secretary Nivedita Shukla Verma told PTI on the sidelines of a brainstorming session here. US President Donald Trump on April 9 reduced a planned 26 per cent reciprocal tariff to 10 per cent, just one week after announcing the higher rate on April 2. The government will determine measures after discussions with industry players, Verma added. According to industry data, chemicals constitute about 18 per cent of India's total exports to the US, with FY24 exports valued at around USD 5.7 billion. India Ratings and Research estimates the tariff hike could reduce chemical exports by USD 2-7 billion in FY26. Industry experts said the tariff increase substantially raises costs for Indian chemical ex

Japan reports $63 bn trade surplus with US amid Trump tariffs talk

Japan recorded a trade deficit in its March-April fiscal year but racked up a surplus with the US, the Finance Ministry reported Thursday. Japan's global trade deficit totalled 5.2 trillion yen (USD 37 billion) for the fiscal year through March, for the fourth straight year of deficits, according to the provisional statistics. The surplus with the US ballooned to 9 trillion yen (USD 63 billion). Exports to the US are a contentious issue for US President Donald Trump and Japanese negotiators are in Washington to argue their case against higher US tariffs. Japan is a key longtime US ally and major investor in the US, employing hundreds of thousands of Americans. Trump said on April 2 that he planned to impose a 24 per cent tariff on imports from Japan as part of an announcement of higher tariffs on dozens of countries. After financial markets panicked, he put a partial 90-day hold on the import taxes, while increasing his already steep tariffs on Chinese goods to as much as 145 per .

Trump tariffs sparked rush to get bitcoin mining gear out of Asia

Crypto miners depend heavily on Chinese suppliers like Bitmain Technologies Ltd. which, while Beijing-based, routes a lot of machinery through Southeast Asia

Trump joins tariff talks with Japan as US seeks deals amid trade wars

US President Donald Trump on Wednesday inserted himself directly into trade talks with Japanese officials, a sign of the high stakes for the United States after its tariffs rattled the economy and caused the administration to assure the public that it would quickly reach deals. The Republican president attended the meeting alongside Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, top economic advisers with a central role in his trade and tariff policies. Hopefully something can be worked out which is good (GREAT!) for Japan and the USA! Trump wrote in a social media post ahead of the meeting. Afterward, he posted: A Great Honor to have just met with the Japanese Delegation on Trade. Big Progress! The president's choice to get directly involved in negotiations points to his desire to quickly finalize a slew of trade deals as China is pursuing its own set of agreements. It's an open test of Trump's reputation as a dealmaker as countries around the world seek t

Tariff pause eases trade slide, but strong downside risks persist: WTO

Director-General Ngozi Okonjo-Iweala said, I am deeply concerned by the uncertainty surrounding trade policy, including the US-China stand-off

Japan-US trade talks may heighten uncertainty, add to yen volatility

US Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer have both already made it clear they want to discuss currency issues

China faces up to a 245% tariff on imports to the US, says White House

US President Trump signs executive order to investigate into the national security risks associated with imported critical minerals