Page 6 - Trump Tariff

Trump's 50% tariff on Indian imports is a US sanction in disguise

A sanction masquerading as tariff is just Trump being innovative

US tariff impact: India exploring alternative markets, says MEA official

India is scouting new export destinations in South Asia, Africa, and Latin America after US imposed additional tariffs on goods over Russian crude oil imports

Build competitiveness, diversify export markets amid US tariff scare: ACMA

ACMA says US tariffs on select Indian imports, including auto parts, present short-term challenges but highlight the need for improved competitiveness and export diversity

Auto sales fall 4.3% in July, hurt by Trump tariffs, IT job cuts, rains

Two-wheeler sales contract 6.5% as Indian auto industry 'applies the brakes': Fada

US tariff on Indian apparel could be death knell for small firms: AEPC

Seeking immediate fiscal support of the government, apparel exporters body AEPC on Thursday said the doubling of tariffs to 50 per cent by the Trump administration on Indian goods will sound the death knell for micro and medium enterprises, particularly those heavily dependent on the American market. Apparel Export Promotion Council (AEPC) Chairman Sudhir Sekhri said the announcement is a huge setback to the labour-intensive export industry. "There is no way the industry can absorb this. I am sure the government also realises that this unreasonable increase in tariff will sound the death knell for the micro and medium apparel industry, especially those who majorly sell to the US market, unless the government steps in with direct fiscal support to the industry," he said. The US is a key market for Indian ready-made garment exports. America accounts for 33 per cent of India's total garment exports in 2024. In 2024-25, India's exports to the US from this sector include apparel-knitted

US tariffs pose near-term challenges for auto component makers: ACMA

The decision to impose high tariffs on Indian goods by the US presents near-term challenges for the auto component makers, underscoring the importance of enhancing the sector's competitiveness and exploring new and diversified markets, industry body ACMA said on Thursday. On August 6, the US announced an additional 25 per cent tariff on all Indian imports, on top of an existing 25 per cent duty, taking the total to 50 per cent from August 27. "The recent decision by the US to impose higher and additional tariffs on certain imports from India, including auto components, underscores the shifting landscape of global trade," ACMA President Shradha Suri Marwah said in a statement. While this development presents near-term headwinds, for Indian exporters, it also underscores the importance of enhancing our sector's competitiveness, strengthening value addition, and exploring new and diversified markets, she added. The US is a significant trade partner of the Indian auto components ...

Toyota slashes FY26 forecast, warns of $9.5 bn hit from US tariffs

The world's biggest carmaker now sees ¥3.2 trillion in operating income for the fiscal year ending in March 2026

Trump's tariff hike could shave 0.3 pp off India's GDP: Goldman Sachs

India condemns new 25% duty on exports; total levy now at 50%; analysts expect talks before August 27 deadline

WH wary of 50% tariffs on India, China, says won't hurt US interests

White House Trade Adviser Peter Navarro said US wants to impose tariffs on China without hurting its own economy

This developed country hit with highest tariffs by Trump administration

Luxury watches, coffee capsules, and high-value exports from this EU nation were hit with a steep 39% US tariff on Thursday. A last-ditch effort by the country's president to stop the move also failed

Trump eyes 100% tariff on chips, firms investing in US to be exempted

Firms building in the US to be exempt; Trump signals broader import crackdown as India, Vietnam face new levies

Trump tariffs jolt Malaysia, disrupting solar exports, China trade ties

Once a cog in the Malaysian economy, the solar industry profited from Chinese investment. Now it's becoming a case study of what happens when the United States closes its markets

Trump's tariff shock likely to deepen rupee's slide, hurt recovery further

Analysts at Deutsche Bank AG and Barclays Plc expect the currency to drop to new record lows by the year-end amid muted foreign inflows and headwinds from US tariffs

Our tariff, non-tariff barriers should be cut in our own interest

A US trade delegation is expected in India later this month and hopefully, the negotiators will strike a fair deal acceptable to both countries soon

Exporters seek govt aid, credit at affordable rates to deal with US tariffs

Indian exporters from various sectors, including food, marine, and textiles, have sought financial assistance and affordable credit from the government to cope with the 25 per cent Trump tariff, industry officials said. In a meeting with Commerce and Industry Minister Piyush Goyal in Mumbai, certain exporters sought plans on the lines of the production-linked incentive (PLI) scheme, they added. "Exporters share issues, which they may face in the American market because of the high duty announced by US President Donald Trump," one of the officials said, adding that the minister has suggested that the exporting community send their suggestions in writing. They also demanded loans at affordable rates and fiscal incentives. In India, according to exporters, interest rates range between 8 and 12 per cent or even more, depending on the spread and risk assessment of the borrower by authorised dealer banks. In competing countries, the interest rate is very low. For instance, the central ba

Textile ministry likely to meet industry players next week over US tariffs

Union Textiles Minister Giriraj Singh will meet industry stakeholders next week to deliberate upon the potential impact of US President Donald Trump's announcement to impose a 25 per cent tariff on India and seek their views on the issue, according to sources. The US is India's largest market for textile and apparel exports, accounting for about 25 per cent of the country's total outbound shipment from the sector. Discussions in the meeting will also revolve around realising opportunities arising for India's textile sector from the UK-India FTA, which was signed last month, as the government and industry want to leave no stone unturned to achieve the textile export target of USD 100 billion by 2030, and mitigate the potential impact of the US tariff announcement, sources told PTI. While it would be "premature" to talk about any measures being considered to support domestic textile exporters in light of the US announcement, they said, the government wants to seek the industry's ...

US penalty risk on Russian oil may add ₹9-11 bn to India's import bill

India's annual oil import bill could rise by USD 9-11 billion if the country is compelled to move away from Russian crude in response to US threats of additional tariffs or penalties on Indian exports, analysts said. India, the world's third-largest oil consumer and importer, has reaped significant benefits by swiftly substituting market-priced oil with discounted Russian crude following Western sanctions on Moscow after its invasion of Ukraine in February 2022. Russian oil, which accounted for less than 0.2 per cent of India's imports before the war, now makes up 35-40 per cent of the country's crude intake, helping reduce overall energy import costs, keep retail fuel prices in check, and contain inflation. The influx of discounted Russian crude also enabled India to refine the oil and export petroleum products, including to countries that have imposed sanctions on direct imports from Russia. The twin strategy of Indian oil companies is posting record profits. This is, however, no

Datanomics: Market access vs mass survival in unequal India-US fields

The US move on tariff is seen as its pressure tactics on forcing New Delhi to sign a bilateral trade agreement (BTA) with Washington

To handle Trump's irrationality, India must fix its own bipolar discourse

To protect ourselves from Trumpian diplomacy, we must first introspect the bipolarity within our establishment discourse. You could start with Modi's rise in the summer of 2014

Mixed response in MP to US tariff as exporters explore new markets

Major exports from Madhya Pradesh to the US include agricultural and pharmaceutical products, auto parts, textiles and jewellery