Page 5 - Trump Tariff

Centre plans support package for exporters hit by Trump's tariffs

The Ministry of Commerce and Industry has proposed measures to ease liquidity for exporters through collateral-free loans and subsidised interest rates

Trump's tariffs seen cutting into China sales of US companies, survey finds

Many US companies operating in China expect their sales to take a hit this year from US President Donald Trump's tariffs and the ones that China has imposed in response, according to an annual survey released Wednesday by the American Chamber of Commerce in Shanghai. Nearly two-thirds of the 254 companies who responded said the new tariffs have reduced expected revenues for their China operations in 2025. About one-third, many in banking and other industries that don't import from or export to the US, don't expect any impact. Trump has imposed an additional 30 per cent tax on imports from China, after raising them at one point to 145 per cent before the two countries agreed in May to scale back a tit-for-tat tariff war. China has responded with a 10 per cent tax on US imports. The tariffs hit companies that export to the US and those that import American parts or ingredients for their production in China, such as chemical companies, Shanghai chamber leaders said. Tariffs have had a

Kolkata leather units hit by US tariffs, eye UK and EU markets for relief

With US tariffs on leather products doubled to 50%, exporters in Kolkata face shrinking orders and margin pressure, while betting on UK and EU deals for recovery

Govt exploring alternative export markets to shield farmers from US tariffs

The government is actively exploring alternative export destinations and import substitution strategies to protect farmers from the impact of US tariffs, D K Yadava, Deputy Director General (Crop Science) at the Indian Council of Agricultural Research (ICAR), said on Monday. "The government is trying to have all alternatives to protect the interests of farmers. As far as exports are concerned, the concerned ministries are already exploring alternative countries for the export of various commodities," Yadava said at a media briefing about the ongoing event 'Dialogue Next' organised by the US-based World Food Prize Foundation for the first time in India. The remarks came in the backdrop of the Trump administration imposing a steep 50 per cent tariff on Indian goods entering America. On imports of genetically modified soybean and maize, as well as milk and milk products, Yadava said the government has "a very clear stand" and is identifying alternative import sources. The official sai

China boosts LNG imports from Russia, testing Trump's sanctions resolve

Having taken the first-ever overseas export from the Arctic LNG 2 project in Russia in late August, China is now taking more blacklisted Russian LNG

India treads with caution as Trump softens rhetoric after trade tensions

Trump said at the White House on Friday there was nothing to worry about with US-India ties and the two countries had a special relationship

Trump's tariffs threaten vital relationship with India, says US lawmaker

A key US lawmaker Rep. Gregory Meeks said President Donald Trump's arbitrary tariffs against India threaten the vital relationship between the two countries. Meeks, a ranking member of the House Foreign Affairs Committee Democrats, on Wednesday (local time) underscored Congress' support for the US-India partnership, following his meeting with Indian Ambassador to the US Vinay Mohan Kwatra. Met with @AmbVMKwatra to underscore Congress' support for the US-India partnership, which has strengthened over the past 25 years, including through the Quad, House Foreign Affairs Committee Dems posted on social media, quoting Meeks. I reaffirmed our commitment to deeper ties, our shared hope for peace in Ukraine, and my alarm at Trump's arbitrary tariffs that threaten this vital relationship, Meeks said. Responding to Meek's post, Kwatra said, Grateful for his constant counsel and steadfast support to the US-India relationship throughout his leadership on @HouseForeign. Our discussion spanned

Indian exporters lobby RBI for weaker rupee to offset Trump tariffs

Exporters are seeking a rupee exchange rate of around 103 per dollar for US earnings, Pankaj Chadha, chairman of the Engineering Export Promotion Council of India, said

Surat diamond traders express concern as 50% US tariffs hit exports

The industry, which employs over 800,000 skilled artisans, is heavily reliant on the US market, accounting for approximately 32 per cent of India's diamond exports

'We get along with India very well,' says Trump, but calls trade one-sided

Trump maintained that India imposed duties of up to 100 per cent on various goods, which discouraged US firms from exporting there

US wooed India for 30 years, Trump upended ties within few months

The United States is India's largest trading partner, and the tariffs are expected to devastate businesses across a range of sectors, causing factory closings, job losses and slower growth

South Korea exports stay solid on chip demand despite Trump tariffs

Overseas shipments gained 1.3 per cent in August from a year earlier, customs data showed Monday, following a 5.8 per cent increase in July

Govt working on solutions to mitigate impact of US tariff hike: DEA secy

The government is working on an action plan to mitigate the impact of a steep tariff hike of 50 per cent imposed by the US on Indian shipments, Economic Affairs Secretary Anuradha Thakur said. "There are certain employment-heavy sectors which do have exposure to the US and to that extent may get affected. The government is well aware of that and is assessing the possible impact and working towards possible solutions," she told PTI in an interview. Besides, the Department of Economic Affairs (DEA) Secretary said the government has taken some steps and more are in the offing to perk up domestic demand, which could also provide some support to manufacturing units feeling heat of US tariffs. The government in the Budget had announced zero income tax for income up to Rs 12 lakh under the new tax regime providing substantial savings to taxpayers. The government has also announced GST reforms to be carried out in terms of rate rationalisation, which is expected to bring down prices of many

Will come up with measures to expand India's presence in global mkts: Goyal

The Union minister exuded confidence that the measures will ensure that India's exports in the current financial year will exceed that of last year's

India holds informal talks with US, rules out retaliation for now

While talks on a bilateral trade deal have been postponed, the two countries continue to communicate on critical issues, including defense and foreign policy

Indian economy likely grew solidly before Trump tariffs hit outlook

India's gross domestic product probably expanded 6.7 per cent in the three months to June, the first quarter of the financial year, according to the median estimate in a Bloomberg survey

Zuckerberg raised digital tax concerns with Trump before tariff vow

Trump and Zuckerberg discussed the threat of digital service taxes, which are imposed on the revenue that tech companies get from users in a particular country

US chokes off e-commerce tsunami by closing 'de minimis' loophole

A US trade provision dating to the 1930s, which eventually cleared the way for more than a billion small parcels each year, ends on Friday

Navarro backs Trump tariffs, says road to Ukraine peace runs through Delhi

White House adviser Peter Navarro has accused India of funding Moscow's war through Russian oil buys, defending Trump's 50% tariffs and warning that 'the road to peace in Ukraine runs through New Del

India must not give in to any 'bullying': MSIL's RC Bhargava on tariffs

On the domestic front, he said reducing GST on small cars could help counter the economic strain created by American tariffs