Trump Tariffs

US investment may be delayed due to tariff uncertainty: Tata Technologies

Decisions to invest in the US are likely to be delayed due to lack of clarity over tariff policy under President Donald Trump's new administration, according to Tata Technologies CEO & MD Warren Harris. The company, a global product engineering and digital services firm with significant presence in the US, however, is hopeful that in the next month or two, there will be some clarity in terms of policy, Harris told PTI from Detroit. "We are very bullish, medium to long term in North America. The lack of clarity on things like tariffs are not helpful. They're not helpful to our customers, and because they're not helpful to our customers, investment decisions are likely to be delayed," he said. Harris was responding to a query on the impact of Trump's tariff war against various countries. He further said,"But what we are clear about is that the administration is only less than two months old, and so I think in the next month or two, we are going to see clarity in terms of policy. ...

India-US discuss reciprocal tariffs, 1st phase of bilateral trade agreement

Goyal met key officials of the Donald Trump-led administration in Washington last week, including Greer, and his counterpart Howard Lutnick to discuss urgent trade issues

Trump's proposed 200% tariff on EU wines will hit demand, say US sellers

The United States is suddenly looking less bubbly for European wines. President Donald Trump on Thursday threatened a 200% tariff on European wine, Champagne and spirits if the European Union goes forward with a planned 50% tariff on American whiskey. Wine sellers and importers said a tariff of that size would essentially shut down the European wine business in the US. I don't think customers are prepared to pay two to three times more for their favorite wine or Champagne, Ronnie Sanders, the CEO of Vine Street Imports in Mt. Laurel Township, New Jersey, said. Jeff Zacharia, president of fine wine retailer Zachys in Port Chester, New York, said 80% of the wine he sells is from Europe. Importers depend on European wines for a big part of their distribution system, he said, and there's not enough US wine to make up for that. This is just going to have a major negative impact on the whole US wine industry in all aspects of it, including U.S. wineries, he said. Zacharia said there are

Tesla warns it faces retaliation, costs from escalating Trump trade war

The electric-car maker warned the administration this week that any such actions could drive up manufacturing costs and make its vehicles less competitive in international markets

Trump threatens 200% wine tariff if EU does not remove whiskey tariff

This comes a day after Trump pledged more tariffs after his government's 25 per cent tariffs on all steel and aluminium imports invited retaliatory action from the European Union and Canada

Gold prices trade near record levels on hopes of rate cut, tariff jitters

US President Donald Trump's fluctuating trade policies - imposing and delaying tariffs on Canada and Mexico, while raising duties on Chinese goods - have roiled the global financial markets

'All will lose', warns UN chief Antonio Guterres amidst growing trade war

UN Secretary General Antonio Guterres has warned that "all will lose" when countries get into trade wars, against the backdrop of tariff wars unleashed by the Trump administration. "I think we live in a global economy. Everything is interlinked. And obviously, one of the great advantages of having a situation of free trade is to create the conditions for all countries to benefit. When we enter into a trade war, I believe all will lose," Guterres said here on Wednesday. He was responding to a question on the growing global trade war. US President Donald Trump, in his second term in the White House, has said America will impose reciprocal tariffs on nations that charge high levies on US goods. The Trump administration's global tariffs on steel and aluminum have come into effect, prompting the European Union (EU) and Canada to also announce levies on US products. The administration has also announced tariff on imports from Canada, Mexico and China. In a retaliatory action, these ...

Trump escalates trade war, pledges more tariffs after EU, Canada's response

The latest decision has marked an escalation in the already heated trade war between the US and other nations

Stocks up with yields as US inflation, Ukraine optimism offset tariff fears

Oil prices settled higher after data on slower stockpile builds, while the euro pulled back slightly after hitting a five-month high in the previous day's session

UK breaks from EU stance, opts against swift tariff retaliation on US

Business and Trade Secretary Jonathan Reynolds called the US decision to impose 25 per cent levies on foreign metal products without exemptions on Wednesday morning "disappointing"

Trump vows to respond to EU's threat of counter tariffs on US goods

Trump said Ireland had used its tax policies to lure away pharmaceutical and other companies from the United States, but US reciprocal tariffs would help rebuild US manufacturing

US inflation cools to 2.8% in Feb, offering some reprieve ahead of tariffs

The consumer price index increased 0.2 per cent after a sharp 0.5 per cent advance in January, according to Bureau of Labor Statistics data out Wednesday

Oil up on weak dollar; US economic slowdown, tariff concerns cap gains

US President Donald Trump's economic policies so far have centered on a blitz of tariff announcements. Some have taken effect and others have been delayed or are set to kick in later

Dollar struggles to lift off lows as traders gear for potential trade war

President Donald Trump's unpredictable announcements on trade policy have whipsawed markets and drawn tariff retaliation from trading partners, ramping up a global trade war

China accuses US of undermining fentanyl cooperation by imposing tariffs

The US, where fentanyl abuse has been a major cause of death, has pushed China for deeper law enforcement cooperation, including tackling illicit finance, arrests of rogue chemists and raids of labs

Trump tariffs on steel, aluminium take effect: Here's how countries reacted

India has downplayed the impact of US President Donald Trump's 25% steel tariffs, noting that its exports to the US are minimal compared to its total production of 145 million tonnes in 2024

Countermeasures to Trump's tariffs will go into effect on April 1, says EU

The European Union on Wednesday announced retaliatory trade action after the Trump administration officially increased tariffs on all steel and aluminum imports to 25%, with duties on industrial and agricultural products that will go into effect April 1. As the US are applying tariffs worth 28 billion dollars, we are responding with countermeasures worth 26 billion euros (USD 28 billion), European Commission President Ursula von der Leyen said in a statement. The commission manages trade and commercial conflicts on behalf of the 27 member countries. We will always remain open to negotiation. We firmly believe that in a world fraught with geopolitical and economic uncertainties, it is not in our common interest to burden our economies with tariffs, von der Leyen said. The commission also said that steel and aluminum products would be hit in return, but also textiles, leather goods, home appliances, house tools plastics and wood. Agricultural products will also be impacted including

India steel chief downplays impact of Trump tariffs on industry exports

Trump administration imposed 25% tariffs on steel and aluminium imports that took effect on Wednesday

EU hits back at Trump tariffs with measures on $28 billion of US goods

US-EU trade dispute: The Trump administration recently imposed 25% tariff on European steel and aluminium imports

India imposing 150% tariff on US alcohol, 100% on agriculture goods: WH

While addressing a press briefing, Press Secretary Karoline Leavitt said that US President Donald Trump believes in reciprocity and wants to have fair and balanced trade practices