Latest Updates on Trump tariffs

Best of Opinion: Will GST Council meet give process reforms a push?

From India-US trade negotiations and Maharashtra's drought to GST simplification and public-capital governance, today's pieces examine policy trade-offs and institutional capacity

Sanctions, tariffs sometimes weaponised as policy tools: PK Mishra

Principal Secretary to the prime minister, P K Mishra, on Saturday said export restrictions, sanctions and tariffs become instruments of economic policy and they are sometimes even weaponised. The top government functionary also said that wars disrupt energy and food markets while shipping routes and geographical choke points become sources of economic vulnerability. Addressing the Kautilya Economic Conclave on the subject 'A World Priced for Risk', he said India is a major energy importer, and any prolonged disruption to an important maritime route can affect the economy adversely. India's response, therefore, has combined several layers of protection. "For energy security, the disruption around the Strait of Hormuz has been a particularly clear reminder of how geography can translate into economic risk," he said. Without mentioning any country, the top official said export restrictions, sanctions and tariffs become instruments of economic policy, sometimes they are even ...

Tariff policies bringing factories, jobs back to America, says Trump

Trump cited the expansion of truck manufacturing as proof that his trade measures are yielding results

Who are the Ruias, and how did Essar land America's $15 bn steel project?

Trump has unveiled a $15 billion steel project with Indian conglomerate Essar; behind the landmark announcement is the Ruia family's decades-long journey through expansion, debt, and restructuring

US exempts India, 19 other nations from 100% tariff on speciality drugs

The US will not charge any ad valorem tariff on certain speciality drugs and associated ingredients used for treatment of rare medical conditions imported from India and 19 other countries. An ad valorem tariff is a set percentage of the monetary value of the goods to be taxed, according to the World Customs Organisation. The US Commerce Department published the list of countries in the Federal Register as it prepares to impose a 100 per cent tariff on certain patented pharmaceutical imports and their associated ingredients from September 29. On April 2, President Donald Trump issued a proclamation to impose tariffs on imports of patented pharmaceuticals, biologics, and associated ingredients into the US as part of efforts to encourage domestic production. Eligible products for the zero per cent tariff rate include all drugs designated for rare diseases, infertility treatments, cell therapies, gene therapies, antibody-drug conjugates (ADCs), and animal pharmaceuticals. Components o

Tariffs don't decide wars

The new law will not end Ukraine conflict

'Hostile act': Trump warns EU with tariffs over Canada's associate status

The EU has proposed making Canada its first associate member, prompting Trump to warn of 'very heavy tariffs' if he sees the move as a 'hostile act' by Europe

India, others face 100% tariffs as US House advances Russia sanctions Bill

The US House of Representatives voted to advance a bill that would authorise President Donald Trump to impose 100 per cent tariffs on India and other countries for buying oil and gas from Russia and extend existing sanctions on Iran. The Lindsey O Graham Sanctioning Russia and Iran Act of 2026 cleared a procedural hurdle in the House of Representatives on Tuesday evening after two Democratic lawmakers broke ranks with the party and voted in favour with the Republicans. The resolution to advance the Russia sanctions bill and a slew of other legislations was approved by a 214-211 vote, shocking the House Democratic leadership. The bill is expected to come up for a final vote in the House on Wednesday. Democratic Congressman Gregory Meeks, the ranking member of the House Foreign Affairs Committee, on Monday opposed the Russia sanctions bill contending that it would grant President Trump unchecked authority to impose tariffs without any guardrails. Last month, the US Senate passed the

US lawmaker submits amendment naming India in Russia sanctions act

Racing against time, US lawmakers submitted amendments to the Russia sanctions bill, with one seeking to name its top trading partners -- including India -- in the legislation, and another proposing to scrap the section imposing tariffs altogether. The Lindsey O Graham Sanctioning Russia and Iran Act, passed by the US Senate by an overwhelming 86-11 vote last month, seeks to impose sanctions not only on Russia's leadership and energy sector, but also on the "shadow fleet" of vessels that enable Moscow to evade sanctions on oil deliveries. The US believes that Russia's crude oil trade is funding the war against Ukraine. The Bill also seeks to authorise President Donald Trump to impose 100 per cent tariffs on Russia's top oil trading partners, including China and India. The bill passed by the US Senate on August 7 does not name Russia's trading partners, but mentions the five largest importers of oil and gas by volume. The bill must be passed by the House of Representatives before it

Brics summit joint statement takes aim at US war, tariffs and sanctions

Brics leaders issued a joint statement expressing concern over the West Asia conflict while criticising unilateralism, tariffs and sanctions, without naming the US

US-Canada trade war escalates: A look at which goods face new tariffs

The US and Canada have stepped up their trade war, with both sides imposing new tariffs and curbs on goods amid a breakdown in negotiations

Canada to announce retaliatory tariffs against US as trade fight escalates

Canada will announce retaliatory tariffs against the United States on Tuesday, an official familiar with the plans told The Associated Press, escalating a trade fight that has sharply worsened since negotiations with the Trump administration collapsed. The official spoke on condition of anonymity because they were not authorised to discuss the plans publicly. Prime Minister Mark Carney said Monday that Canada may need to move away from matching US tariffs dollar for dollar and instead use more targeted retaliation aimed at protecting Canadian workers and businesses. President Donald Trump escalated the dispute again Monday, telling Canadian leaders to "fall in line" or face consequences "far WORSE" than tariffs already imposed and threatening new 50 per cent tariffs on Canadian vehicles, auto parts and steel. Carney accused Washington of trying to subordinate Canada and said US trade demands had confirmed Canada's fears that the United States was seeking to dismantle major Canadian

Trump weighs 7.5% tariff on China for flooding market with cheap goods

President Donald Trump is moving toward levying a new tariff on China that would penalise the world's second-largest economy for flooding the global market with underpriced goods, according to three people familiar with the matter. Two of the people, who spoke on condition of anonymity to discuss internal deliberations still being finalised, said Trump is considering setting the new tariff at 7.5 per cent. It's a level administration officials believe would not endanger the one-year trade truce between Washington and Beijing or a planned White House meeting between Trump and Chinese President Xi Jinping expected to take place in late September. The move, if finalised, appears to be a calibrated effort by the White House to work around a Supreme Court decision earlier this year that struck down Trump's plan to implement a sweeping, high-tariff scheme not seen since the 1930s. After that decision, the Trump administration announced in March it was launching formal investigations ...

US, Canada fall deeper into trade war with new tariffs as talks collapse

The United States and Canada, historic allies along an undefended border, fell deeper into a trade war Saturday marked by angry recriminations and new tariffs that are expected to raise prices for products in both countries. Each side blamed the other for the collapse of negotiations in Washington late Friday, leading the US to impose 50 per cent tariffs on USD 20 billion worth of Canadian goods and Canada setting September 8 as the start of its retaliatory penalties. President Donald Trump's import taxes will hit about 5 per cent of what Canada ships to the United States every year, ranging from hockey sticks to tongue depressors. Prime Minister Carney said Ottawa would respond with targeted tariff protection for industries exposed to the new US duties, including some steel products. He also mentioned the dairy, appliance, agricultural equipment, pulp and paper and electronics sectors. No further talks were planned. Whatever the eventual outcome, a loss of trust seems one of the ..

US hits Canadian goods with 50% tariffs, Mark Carney vows to retaliate

The US tariffs kicked in Saturday on hundreds of items the US buys from Canada, such as plywood, liquor, electrical equipment and hockey gear, totaling around $20 billion

US set to impose 50% tariffs on Canadian goods as trade negotiations fail

The United States was set to impose 50% tariffs on $20 billion worth of Canadian products early Saturday after last-ditch negotiations failed to resolve the latest strain in already tense relations between the historic allies. President Donald Trump's import taxes will hit about 5% of what Canada ships to the United States every year, including products ranging from hockey sticks to tongue depressors. But the political impact will likely be even bigger than the economic fallout. Canada has threatened to retaliate against any new tariffs with levies of its own, aggravating a trade fight between countries that sold each other $880 billion worth of goods and services last year. The tariffs were initially supposed to kick in at 12:01 a.m. Wednesday. But Trump extended the deadline for three days to allow talks to continue, but the two countries still could not reach an agreement in time.

Trump says US, Canada have trade deal, but key terms remain unclear

Canada has dodged President Donald Trump's threat of 50 -per cent tariffs - at least for now. Trump went on social media late Tuesday to say he was pausing for three days the taxes on USD 20 billion worth of Canadian imports less than two hours before they were set to go into effect. Speaking to reporters at the White House Wednesday, Trump said that talks with Canada yielded a "very fair deal for both" sides. "Our farmers are going to be thrilled, our manufacturers are going to be thrilled," Trump said in an impromptu gaggle during a tour of South Lawn construction. Trump also noted that the agreement is all subject to the "finalization of documents." For now, the tariffs have been postponed until 12:01 am Saturday. Dominic LeBlanc, the minister responsible for Canada-US trade, returned to Ottawa on Wednesday to meet Canadian Prime Minister Mark Carney, who was also set to chair Cabinet and a virtual meeting with provincial and territorial leaders. Trump's tariff threat would hit

What US safeguard tariffs on quartz surface products mean for India

The US has imposed 25-55% safeguard tariffs on quartz surface products, putting Indian exporters under pressure as they depend heavily on the American market

India's exports to US remain unchanged after a year of Trump's tariffs

An analysis of trade ministry data for the 12 months through July shows the US continues to account for about 20% of India's exports

US, Canada reach deal to delay 50% tariffs on Canadian imports: Trump

President Donald Trump said Tuesday he was delaying the 50 per cent US tariffs on USD 20 billion worth of Canadian imports after the two countries reached a last-minute deal hours before the sanctions were to go into effect. The announcement, which Trump made on his social media platform, buys time for more negotiations and avoids, for now, another strain in already tense relations between the historic allies. "I have paused the 50 per cent Tariffs against Canada, that were scheduled to kick in tomorrow morning for a three day period, based on the fact that Canada and the USA., subject to the finalization of documents, have a DEAL!" Trump posted on Truth Social less than two hours before the 12.01 am. Wednesday deadline. Trump's import taxes would have hit about 5 per cent of what Canada ships to the United States every year, including products ranging from hockey sticks to tongue depressors. But the political impact would likely have been bigger than the economic one. Canada had .