Latest Updates on Trump tariffs

Record agri output in 2025 amid GST cuts, tariffs; new bill eyed for 2026

India's agriculture sector closed 2025 with a projection of record foodgrain output surpassing last year's 357.73 million tonnes (MT) despite US tariffs disrupting farm exports, while landmark GST reforms delivered input cost relief, and stakeholders await passage of key seed and pesticide bills in 2026 to tackle fake inputs. The year showed both resilience and fragility -- GST rate reductions delivered noticeable cost savings, while American tariff wall compelled market diversification, officials said. "We are hopeful of achieving record foodgrain production this year 2025-26 (July-June). Kharif output remained positive and rabi sowing is progressing well," Agriculture Secretary Devesh Chaturvedi told PTI. Above-normal southwest monsoons boosted kharif sowing, with the agriculture ministry's first advance estimate projected kharif foodgrain output at a record 173.33 MT for 2025-26, up from 169.4 MT in 2024-25. Rice production is predicted to exceed 124.5 MT, with maize at 28.3 MT.

India's Russian oil imports down 18% in Jan-Oct 2025, US imports zoom 83%

India slightly cut its reliance on Russian crude in early 2025, while imports from the US surged 83.3 per cent in value to $7.8 billion, reflecting a strategic shift toward alternative crude sources

Easy money defined Asia in 2025, but tightening curbs hint at harder times

The real hit - if there is to be one - from the barriers erected by the White House will only be truly felt in 2026

US trade chief criticises India, EU as negotiations drag on into 2026

He also said negotiations with India that began earlier this year still haven't resulted in an agreement - noting that the US had concluded deals with a slew of other partners

Asia sees Mexico's sweeping 50% tariffs as building Trump's new trade wall

For the countries affected by the new rates out of Mexico City, this is a sobering reminder that they have more than just the US president to deal with

Stalin seeks solution to US tariff issue, warns of layoffs in textiles

Stalin said the impact is spreading across districts, with exporters in Tiruppur, Coimbatore, Erode and Karur facing a combined daily revenue loss of ₹60 crore

Trump's search for a 'grand bargain' with China: How should India respond?

As Washington grows risk-averse and Beijing gains leverage, the Seoul deal reshapes India's geopolitical space

Why was India excluded from 'Pax Silica' tech bloc? US official responds

The US-led Pax Silica initiative seeks to secure the global silicon and AI supply chain. While Quad partners Japan and Australia are included, India's absence has raised questions

Best of BS Opinion: Trade data should not distract from US trade deal

Today's pieces look at why a US trade deal is critical, issues in the higher education reform, the need for more services exports besides PMC, why India must develop design skills, and Malala's memoir

Japan's exports rise 6% in November as shipments to US bounce back

Japan's exports climbed 6 per cent in November from a year earlier, with shipments to the United States rising for the first time since March as uncertainties over tariffs abated following a trade deal with the Trump administration. The preliminary data released Wednesday showed Japan's total imports rose 1.3 per cent last month over a year earlier, leaving a surplus of 322.2 billion yen (about USD 2.1 billion). Exports to the US rose nearly 9 per cent from the year before as shipments of cars, chemicals and cameras helped make up for declines in machinery and iron and steel. Imports of US oil nearly tripled, along with sharp increases in imports of grain and other food products. Japan's deal on tariffs with President Donald Trump's administration, setting the baseline import duty for most products at 15 per cent instead of the earlier plan for a 25 per cent tariff, helped boost passenger car shipments by 8 per cent when measured by the number of vehicles. But the value of those car

Trump tariffs, trade talks stalemate keep Indian rupee under strain

The rupee is among the worst-performing currencies globally this year, sliding 6% against the dollar

The year of tariffs: How Trump's policies affected India's exports in 2025

Despite multiple deadline extensions, India failed to reach a trade deal with the US in 2025, leaving exporters grappling with steep tariffs that reshaped competitiveness across key sectors

Vietnam weathers US tariffs, remains closely tied to global economy

Hanoi negotiated US tariffs down from 46% to 20%, matching most of Southeast Asia, alongside a deal to curb transshipments of Chinese-made goods routed through Vietnam to the US

Donald Trump risks being 'president who lost India', warns US lawmaker

Sydney Kamlager-Dove issued the warning during a congressional hearing on the US-India Strategic Partnership, citing rising tensions over tariffs, visa fee hikes, and Trump's political grievances

Trade deal with India would enhance bilateral ties: US representative

A new trade deal between India and the US under President Donald Trump and Prime Minister Narendra Modi would further enhance the bilateral relationship, a top US official has said, underlining that Washington's partnership with New Delhi is critical. These remarks were made by House Foreign Affairs South and Central Asia Subcommittee Chairman Bill Huizenga on Wednesday at a subcommittee hearing titled 'The US India Strategic Partnership: Securing a Free and Open Indo-Pacific'. "The US-India relationship is no longer just important. It is a defining relationship of the 21st century. If America wants a free Indo-Pacific, resilient supply chains and a world where democracy, not authoritarianism, sets the rules, then our partnership with India is critical, Huizenga said in his opening remarks. The hearing heard from witnesses, Director of Asian Studies Centre, Heritage Foundation, Jeff Smith, Executive Director of the Observer Research Foundation America, Dhruva Jaishankar and External

How China Inc is expanding its footprint in Vietnam amid US tariffs

Hanoi's overtures to Beijing may reflect its long-standing policy of balancing foreign ties after pledges made to Washington in trade talks