Page 6 - Trump Tariff

US tariffs to worsen India's solar panel glut as domestic bidding slows

India's awards of solar generation projects and new tenders slowed dramatically in the quarter ended June

India must impose higher tariffs on US imports, says Arvind Kejriwal

Aam Aadmi Party's national convener Arvind Kejriwal on Thursday demanded that India impose higher tariffs on US imports, asserting that the whole country will support this decision. Addressing a press conference, Kejriwal alleged that the BJP-led Central government has decided to waive off 11 per cent duty on cotton imported from the US, which could impact the business of local farmers here. There was no immediate reaction from the Central government. The AAP chief said that Prime Minister Narendra Modi's decision could prove detrimental for India's farmers. He demanded that the government impose higher tariffs on US imports. "Other countries did not bow down. They imposed higher tariffs. We should also impose higher tariffs. If the US is imposing 50 per cent tariffs, we should double the tariffs to 100 per cent. The whole country will support this decision. No country can afford to offend India. We are a nation of 140 crore people," he said.

Govt extends duty-free cotton imports till Dec 31 to aid textile exporters

The Finance Ministry has extended duty exemption on cotton till December 2025 to ease raw material supply, support garment exporters and cushion the impact of US tariffs on RMG

Why India's Russian oil imports sparked US tariffs amid Ukraine peace talks

White House trade adviser Peter Navarro said India's purchases of Russian crude were funding Moscow's war in Ukraine and had to stop

Centre extends cotton import duty exemption amid US tariff pressure

The world's second-biggest cotton producer had earlier announced an exemption on cotton imports from an 11 per cent duty until September-end and has now extended that to December 31

Nvidia warns Trump's chip fee on China could trigger lawsuits, hit sales

Nvidia cautions that Trump's proposed 15% tariff on AI chip sales to China may lead to litigation, weaken US firms' competitiveness, and benefit foreign rivals

Ramdev calls for boycott of American products over 50% US tariffs on India

"Indian citizens should strongly oppose the 50 per cent tariffs that America has imposed on India as political bullying, hooliganism and dictatorship, said Ramdev

Indian firms delay expansion plans amid demand, trade uncertainty: BofA

Firms are focusing on paying down debt, opting for refinancing rather than expanding capacity, Shankar Subramaniam, the bank's head of India corporate banking said

US firms show interest in Pakistan oil after Trump's claim on reserves

Trump sparked a surge of interest in Pakistan's energy potential after a social media post in July claimed the country has massive oil reserves

US tariff shock to hit Bengal's leather, marine, and engineering exports

The additional 25 per cent tariff imposed by US President Donald Trump on India is set to deliver a major blow to West Bengal's export-driven economy, with the state's labour-intensive leather, engineering and marine sectors expecting losses ahead of the festive season, stakeholders said. The increased levies on Indian products for the country's purchases of Russian oil came into effect on Wednesday, bringing the total amount of tariff imposed on New Delhi to 50 per cent. Exporters said shipments and even production are "currently on hold", amid geopolitical headwinds, intensified by the US tariffs. According to trade estimates, the move will impact at least Rs 45,000 crore worth of Indian exports, with Bengal among the "hardest-hit" states. Labour-intensive industries are under severe pressure. In marine exports, the maximum of Bengal's annual shipments may collapse," Yogesh Gupta, regional chairman (east) of the Federation of Indian Export Organisations (FIEO) and a leading marin

Diwali tax cuts risk worsening India's tariff sting as Trump threat looms

While lower consumption taxes will indeed spur demand, particularly for durables such as autos, TVs and ACs, it may not happen immediately

We have secured historic trade deals with UK, China, Japan, and EU: Trump

Trump said, foreign nations are now paying hundreds of billions of dollars straight into our treasury, we are receiving trillions of dollars, far beyond billions

RBI won't be found wanting if 50% US tariff hurts growth: Governor

Says Basel-III norms for credit and market risks likely from April 2027

Indian envoy discusses fair trade with US lawmakers amid tariff tensions

Indian envoy Vinay Mohan Kwatra discussed fair, balanced and mutually beneficial trade ties with US lawmakers amid ongoing tariff tensions between New Delhi and Washington. The Indian Ambassador has met four US lawmakers in the last 24 hours and 23 since August 9, as revealed by his social media posts. Kwatra met Congressman Rep Joe Courtney, Ranking Member of the Subcommittee on Seapower and Projection Forces, on Saturday (local time) and thanked him for supporting the bilateral partnership between the two countries. Highlighted our perspectives on trade and economic cooperation, including the need for fair, balanced and mutually beneficial trade ties, Kwatra posted on social media. He also had a productive discussion with Congressman Gabe Amo, Vice Ranking Member of the House Foreign Affairs Committee Democrats. He appreciated Amo's support for the bilateral ties and shared perspectives on the importance of fair, balanced and mutually beneficial trade engagements, said his soc

European postal services suspend shipment of packages to US over tariffs

The end of an exemption on tariff duties for low-value packages coming into the United States is causing multiple international postal services to pause shipping as they await more clarity on the rule. The exemption, known as the de minimis" exemption, allows packages worth less than $800 to come into the U.S. duty free. A total of 1.36 billion packages were sent in 2024 under this exemption, for goods worth $64.6 billion, according to data from the US Customs and Border Patrol Agency. It is set to expire on Friday. On Saturday, postal services around Europe announced that they are suspending the shipment of many packages to the United States amid confusion over new import duties. Postal services in Germany, Denmark, Sweden and Italy said they will stop shipping most merchandise to the U.S. effective immediately. France and Austria will follow on Monday. The U.K.'s Royal Mail said it would halt shipments to the US on Tuesday to allow time for those packages to arrive before duties

Global postal services halt US parcels as de minimis tariff deadline nears

As of Aug 29, President Donald Trump is ending the so-called de minimis exemption that has applied to more than 4 million parcels processed by US Customs and Border Protection each day

China's $11 trillion stock market is a headache for both Xi, Trump

Even after a recent rally, Chinese indexes have only just returned to levels seen in the aftermath of a dramatic bubble burst a decade ago

US-India bilateral trade talks scheduled from August 25 called off: Report

A US team, which was scheduled to visit India from August 25, for the next round of negotiations for the proposed bilateral trade agreement is likely to defer the meeting to a later date, an official said. So far, five rounds of talks have been completed for the proposed bilateral trade agreement (BTA) and a US team is scheduled to visit India for the sixth round of talks. The negotiations were scheduled from August 25-29. "This visit is likely to be rescheduled," the official, who did not wish to be named, said. Deferment or rescheduling of the meeting assumes significance as the US has announced a staggering 50 per cent duty on Indian goods. The US is pressing for greater market access in politically sensitive areas such as agri and dairy sectors, which India cannot accept as it affects the livelihood of small and marginal farmers. India has stated that it will not compromise the interests of farmers and cattle rearers. The US and India have announced plans to conclude the fir

EU push to protect digital rules holds up trade statement with US: Report

EU officials said disagreements over language relating to non-tariff barriers, which the US said include the digital rules, are among the reasons for the hold-up

India facing tough choices in responding to steep Trump tariffs: GTRI

India is facing tough choices in responding to steep US tariffs - from negotiating or retaliating to diversifying export markets or offering trade concessions like ending Russian oil imports - but each option carries its own mix of benefits and risks, think tank GTRI said on Friday. The Global Trade Research Initiative (GTRI) said that India marks its Independence Day this year under the shadow of a bruising trade confrontation with Washington. The Trump administration's decision to slap a 50 per cent country-specific tariff on most Indian goods, on top of existing most favoured nation duties, has thrust India into a strategic dilemma that could reshape its trade, energy, and diplomatic positioning. "For New Delhi, the choices ahead are stark - negotiate, retaliate, diversify markets, or trade concessions such as ending purchases of Russian oil for tariff relief. Each option carries a different mix of gains and risks," GTRI Founder Ajay Srivastava said. He added that India will ...