Page 2 - Trump Tariff

Trump celebrates Diwali at White House, calls PM Modi 'great friend'

During the Diwali celebrations at the White House, Trump said he spoke directly with Prime Minister Narendra Modi and reiterated his claim that India would reduce its oil purchases from Russia

Trump claims PM Modi assured him India will stop buying Russian oil

Trump also said his ambassador-designate Sergio Gor told him that PM Narendra Modi "loves Trump," adding that he shares a great friendship and strong relationship with PM Modi

Trump says he wants to be nice to China, but slaps 155% tariffs from Nov 1

Trump said while he personally wishes to maintain friendly relations with China, years of one-sided economic dealings have left the US with no choice but to take firm action

Refiners likely to cut Russian oil imports following Trump's claim

US President Donald Trump on Wednesday said Prime Minister Narendra Modi had assured that India will stop buying oil from Russia

China urges US to respect facts, trade rules amid Trump tariff threat

This comes after China's Ministry of Commerce (MOFCOM) on Tuesday announced sanctions against five US-based subsidiaries of South Korea's Hanwha Ocean

Is India ready to embrace CPTPP after walking out of RCEP in 2019?

Six years after leaving RCEP, India faces pressure to rejoin or consider CPTPP as US tariffs disrupt exports - but core trade, dairy, and policy hurdles persist

Centre says trade team to visit US this week as bilateral talks progress

The negotiations resumed last month as both sides sought to ease tensions following President Donald Trump's decision to slap India with the highest tariffs in Asia

World Bank cuts South Asia outlook to 5.8% on Trump tariffs to India

Washington-based institution projected South Asia's growth to ease to 5.8 per cent in 2026, down from 6.6 per cent this year, a sharper slowdown than previously anticipated.

US to impose 25% tariffs on imported trucks from Nov 1, says Trump

President Donald Trump on Monday announced that his administration will impose 25 per cent tariffs on all medium and heavy-duty trucks coming into the US from other countries beginning next month. Trump, in a post on his social media platform Truth Social, said, Beginning November 1st, 2025, all Medium and Heavy Duty Trucks coming into the United States from other Countries will be Tariffed at the Rate of 25%. The US trucking industry is a cornerstone of the national economy, moving roughly 73 per cent of all domestic freight, according to the American Trucking Associations, Fox Business reported. Around two million Americans work as heavy and tractor-trailer truck drivers, with many more employed as mechanics and support staff, according to data provided by the US Chamber of Commerce. The top five import countries by customs value are Mexico, Canada, Japan, Germany and Finland, it said.

Countries that maintain more openness will grow more: Anne Krueger

The position of any country, including India, will depend on what they do and how they react to geopolitical uncertainties

Putin orders steps to ease India-Russia trade imbalance amid Trump tariffs

Criticising US pressure on India and China to cut energy ties with Moscow, Putin said Trump's tariffs could backfire and pledged to reduce trade imbalance with New Delhi

Others exploited US for years, tariffs now ensure fair treatment: Trump

"I love tariffs. Most beautiful word... Tariff is my favourite word... We're becoming rich as hell...," said US President Donald Trump

Tariff uncertainties may spur rise in third-party pharma manufacturing

Analysts say Indian drugmakers may lean on CDMOs, US plants and diversification to safeguard high-value products as Trump's 100% tariff threat looms over patented drugs

US commerce secy calls for India to open mkts, stop actions harming America

Lutnick said that India must open its markets and take actions that would not 'harm' the US

Indian pharma firms likely to dodge immediate impact of Trump's tariff

Trump's 100% tariffs on branded drugs will spare Indian generics, though analysts see exposure for Sun Pharma, Biocon and Aurobindo, with Jubilant Pharmova set to benefit

How to Fulfil your London Dreams?

Hemin Bharucha, from London & Partners, shares practical insights on global expansion, the India-UK FTA, and the skills you need to thrive in the global business world. >

Trump announces 100% tariff on pharma imports; duties on trucks, furniture

Trump said the new tariffs would not apply to companies that are actively building pharmaceutical manufacturing facilities in the US

JPMorgan sees India as 'bright spot' despite Trump tariff concerns

India has borne the brunt of policy changes by the US administration, with a 25 per cent reciprocal levy on the country being doubled because of its purchases of Russian oil

US may cut tariff to 10-15%, penal duty likely to go: CEA Nageswaran

Chief Economic Advisor V Anantha Nageswaran said, according to his intuition, the penal tariff was unlikely to continue beyond November 30

No direct impact of US tariffs on domestic industry, says steel secy

The imposition of tariffs by the US will not have a direct impact on the domestic steel industry as India's own consumption of the alloy is growing, Steel Secretary Sandeep Poundrik said on Wednesday. Besides, the exports of steel to the US is around lakh tonnes -- out of 152 million tonnes production, the senior ministry official said in a session at 'FT Live Energy Transition Summit India' in the national capital. "So, if we take direct impact on steel, it's not much because, practically speaking, we don't export much steel to the US," Poundrik said in reply to a question related to the US tariffs. Last year, India's total steel exports to the US stood at around 1,00,000 tonnes. Similarly, India does not import much steel from the US. So, the steel trade between India and the US is not very direct, he said. However, there may be some indirect impact because of the products made of steel that are traded between the two countries, Poundrik said. The domestic production of steel wa