Page 17 - Trump Tariff

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

'Couldn't care less' if automakers raise prices due to tariffs, says Trump

Tariffs will hit a $240 billion trade route, with imported cars and light trucks accounting for about half of the roughly 16 million vehicles sold in the US last year

Amid trade war, Canada's PM Mark Carney to speak soon with Donald Trump

Canadian Prime Minister Mark Carney on Thursday said he would speak with US President Donald Trump in the coming days after the latter announced 25 per cent tariffs on auto imports. Carney, who hasn't spoken with Trump since becoming Canada's new leader nearly two weeks ago, said the US president reached out on Wednesday night to schedule a call. "We will be speaking soon, certainly in the course of the next day or two," Carney said. He also said that Trump has to respect Canada's sovereignty. "That's not much to ask, but apparently it's a lot for him," he said. Trump has declared a trade war on Canada and continues to call for the United States' northern neighbour to become the 51st US state, a position that has infuriated Canadians. Carney was sworn in as Canada's new prime minister on March 14. It's unusual for a US president and Canadian prime minister to go so long without talking after a new leader takes office. Carney, who replaced Justin Trudeau as Canada's leader and th

Porsche, Mercedes face $3.7 bn hit from Trump tariffs on imported cars

Trump's additional 25 per cent duties, to be collected from April 3, could wipe out around a quarter of Porsche and Mercedes' projected 2026 operating earnings

Trump's tariff to impact Indian auto parts makers more than vehicle makers

Indian auto component makers are more likely to be impacted than their vehicle manufacturing counterparts by US President Donald Trump's tariff war, industry observers said on Thursday. Trump on Wednesday announced imposition of 25 per cent tariffs on auto imports from April with another 25 per cent tariffs expected to be applied on imports of major automotive parts -- engines and engine parts, transmissions and powertrain parts, and electrical components by May. "It is the Indian auto components industry that is more likely to face the heat due to the US tariff as exports from here to the US are significant. "Indian vehicle makers are less likely to be impacted as there are no direct exports of fully built cars from India to the US," an industry executive told PTI on the condition of anonymity. According to industry estimates, India's auto component exports to the US was USD 6.79 billion in FY24, while the country's imports from the US stood at USD 1.4 billion at 15 per cent duty.

Trump's auto tariffs to have minimal impact on India's auto sector: GTRI

The implications of the US announcement to impose 25 per cent import duty on completely built vehicles and auto parts from April 3 remain limited for India's auto industry and may even present an opportunity for domestic exporters, think tank GTRI said on Thursday. On March 26, US President Donald Trump announced a sweeping 25 per cent tariff on completely built vehicles (CBUs) and auto parts, a move set to take effect on April 3. "An analysis of India's auto and auto component exports in calendar year 2024 suggests that the impact of these tariffs on Indian exporters will be minimal," Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said. In the case of passenger cars, the think tank said India exported a modest USD 8.9 million worth of vehicles to the US in 2024, which is just 0.13 per cent of the country's total exports of USD 6.98 billion. He said this negligible exposure implies the tariffs will have no real effect on India's thriving car export business and in

Japan considering 'all options' to address US auto tariffs, says PM Ishiba

Analysts say the move could deal a heavy blow on Japan's economy given its reliance on auto exports to the United States

Elon Musk one of the few winners from Donald Trump's auto tariffs

The electric vehicle maker has large factories in California and Texas that churn out all the cars it sells in the US

Donald Trump may give China reduction in tariffs to get TikTok deal done

ByteDance has an April 5 deadline to find a non-Chinese buyer for TikTok or face a US ban on national security grounds