Page 15 - Trump Tariff

Trump doubles down on tariffs, betting long-term gains for Americans

Not even 24 hours after his party lost a key Wisconsin race and underperformed in Florida, President Donald Trump followed the playbook that has defined his political career: He doubled down. Trump's move on Wednesday to place stiff new tariffs on imports from nearly all US trading partners marks an all-in bet by the Republican that his once-fringe economic vision will pay off for Americans. It was the realisation of his four decades of advocacy for a protectionist foreign policy and the belief that free trade was forcing the United States into decline as its economy shifted from manufacturing to services. The tariff announcement was the latest and perhaps boldest manifestation of Trump's second-term freedom to lead with his instincts after feeling his first turn in the Oval Office was restrained by aides who did not share his worldview. How it shakes out will be a defining judgment on his presidency. The early reviews have been worrisome. Financial markets had their worst week si

EU answer to Trump tariffs may involve data use by big tech, says France

We have several tools at our disposal at the European level: regulatory, fiscal, customs, said French Finance Minister Eric Lombard

EU answer to Trump tariffs may involve data use by big tech, says France

We have several tools at our disposal at the European level: regulatory, fiscal, customs, said French Finance Minister Eric Lombard

US inflation set to offer early signs of tariff impact under Trump

Bureau of Labor Statistics figures on Thursday are projected to show that the consumer price index edged up 0.1 per cent, which would be the smallest rise since July

Taiwan's security chief to meet Trump admin amid US-China tensions, tariffs

Taiwan will have a 'special channel' meet with the United States administration amid Trump tariffs and growing tensions between China and US, as well as China and Taiwan

Trump speaks with India, Vietnam, Israel on trade deals ahead of deadline

While US President Donald Trump had initially framed tariffs as non-negotiable, he later hinted at possible compromises

Trump reciprocal tariff wipes $6.6 trillion from US markets in two days

Trade war escalates as China announces retaliatory measures against the US, while other economies seek dialogue with the White House

Trump says tariffs on chips and pharma imports to be announced soon

President Trump has said tariffs on pharmaceutical and semiconductor imports will be announced shortly, as the US imposes a 27% duty on all imports from India

US reciprocal tariffs: Ecom players wait & watch as no-duty regime winds up

The de minimis system allowed products and merchandise under $800 to enter the US without any duty and with minimal inspection

Short-term painkiller? Pharma Inc gets a breather from US tariffs

Tariff worries, raw material costs still ail sector

US reciprocal tariff may erode India's GDP by up to 50 bps, say experts

The reciprocal tariff announced by the Trump administration can shave off India's GDP growth rate by up to 50 basis points to 6 per cent and the country's exports to the US could fall by 2-3 percentage points in the current fiscal, experts said on Thursday. EY Chief Policy Advisor D K Srivastava said, "the maximum adverse impact on India's GDP growth will not be higher than 50 basis points. As per our earlier projection, the GDP growth estimate for current fiscal was 6.5 per cent, which may go down to 6 per cent without retaliation". Standard Chartered Bank Head - India, Economics Research, Anubhuti Sahay said an effective 20 per cent tariff increase on Indian exports to the US ( after considering the exempted goods) in our view is likely to adversely impact India's GDP by 35-40 bps, ceteris paribus. "However, the final impact would depend on the trade deal agreement between India and the US along with how each country negotiates/ retaliates on the proposed tariffs," Sahay said. Sh

Trade deficit vs tariff: How were Trump reciprocal tariffs calculated?

The US claims India charges a 52% per cent tariff on US imports, but where does this figure come from? Let's find out

Trump tariffs redraws export map: Where do Indian exporters win and lose?

Donald Trump' 27 per cent tariff on India may be better positioned compared to key competitors such as China, Vietnam, Bangladesh, and Indonesia. Here's how

Trump's reciprocal tariffs to hit the world's poorest nations the hardest

Cambodia was slapped with Asia's highest tariff rate of 49 per cent in Trump's levies

Indian auto parts makers in Canada, Mexico see no major impact of tariffs

Indian auto component makers having manufacturing facilities in Canada and Mexico will face no significant impact of US President Donald Trump's latest tariff war as the two countries have been exempted from additional duties. Due to the existing order under the International Emergency Economic Powers Act (IEEPA) related to fentanyl and migration, the White House confirmed that the new tariffs announced on Wednesday will not apply to Canada and Mexico. Subsequently, US-Mexico-Canada Agreement (USMCA) compliant goods from both the countries will attract zero duty while non-compliant items will face a 25 per cent tariff. Indian auto component makers such as Samvardhana Motherson International Ltd have already stated that with a significant part of their products being USMCA-compliant, Trump's orders may not have any material impact. "A significant part of the products supplied by the company and/or its subsidiaries to its various customers in the US are either manufactured in the US

Not 26%, but 27% tariff imposed on Indian exports by Trump administration

White House has released the order for tariffs imposed by the Trump administration on various nations

India better off than key export rivals China, Vietnam: ICEA on US tariffs

The imposition of 27 per cent tariffs by the US still positions India more favourably compared to electronics export rivals like China, Vietnam, and Indonesia, as these nations face even higher rates, according to the India Cellular and Electronics Association (ICEA). That said, the true long-term inflection point for India's electronics trade with the US will hinge on the successful conclusion of a bilateral trade pact, the industry body said. The comment assumes significance as the US has slapped a 27 per cent tariff on imports from India. "While some countries like Brazil and Egypt enjoy marginally better tariff outcomes, India's positioning, particularly with China and Vietnam facing combined tariffs of up to 54-79 per cent, (China) and Vietnam at 46 per cent offers a valuable near-term window of export competitiveness," Pankaj Mohindroo, Chairman of ICEA said. He, however, added in the same breath that "the true long-term inflection point for India's electronics trade with the

Senate vote to reverse Trump's tariffs on Canada tests Republican support

With President Donald Trump's so-called Liberation Day of tariff implementation fast approaching, Senate Democrats are putting Republican support for some of those plans to the test by forcing a vote to nullify the emergency declaration that underpins the tariffs on Canada. Republicans have watched with some unease as the president's attempts to remake global trade have sent the stock market downward, but they have so far stood by Trump's on-again-off-again threats to levy taxes on imported goods. Even as the resolution from Democratic Sen. Tim Kaine of Virginia offered them a potential off-ramp to the tariffs levied on Canadian imports, Republican leaders were trying to keep senators in line by focusing on fentanyl that comes into the U.S. over its northern border. It was yet another example of how Trump is not only reorienting global economics, but upending his party's longtime support for ideas like free trade. I really relish giving my Republican colleagues the chance to not jus

Will US tariffs succeed in lifting the veil on India's drug safety problem?

Over 30 per cent of Indian pharma exports go to the US, and it provides an even larger proportion of earnings

Trump's promised 'Liberation Day' of tariffs coming: Here's what it means

President Donald Trump says Wednesday will be Liberation Day" a moment when he plans to roll out a set of tariffs that he promises will free the United States from foreign goods. The details of Trump's next round of import taxes are still sketchy. Most economic analyses say average US families would have to absorb the cost of his tariffs in the form of higher prices and lower incomes. But an undeterred Trump is inviting CEOs to the White House to say they are investing billions of dollars in new projects to avoid the import taxes. It is also possible that the tariffs are short-lived if Trump feels he can cut a deal after imposing them. At stake are family budgets, America's prominence as the world's leading financial power and the structure of the global economy. What exactly does Trump plan to do? He wants to announce import taxes, including reciprocal tariffs that would match the rates charged by other countries and account for other subsidies. Trump has talked about taxing the