Latest Updates on Trump tariffs

India-US likely to hold 3-day talks on trade agreement from Dec 10

India and the United States will commence three-day talks on the first phase of their proposed bilateral trade agreement here from December 10, sources said. The visit is crucial as India and the US are working to finalise the first tranche of the pact. "The three-day talks will start on December 10. It will conclude on December 12, and it is not a formal round of talks," said one of the sources. The US team will be led by Deputy United States Trade Representative (USTR) Rick Switzer. This visit of the US officials marks their second trip since the imposition of a 25 per cent tariff and an additional 25 per cent penalty on Indian goods entering the American market due to the purchase of Russian crude oil. On September 16, the US officials last visited India. On September 22, Commerce and Industry Minister Piyush Goyal also led an official delegation to the US for trade talks. Goyal had also visited Washington in May. While the USA's chief negotiator for the pact is Assistant US

India tops Russian oil imports via 30 false-flagged tankers: Think tank

European think tank CREA has claimed that these shipments made India the largest national destination for crude moved by Russia's growing 'shadow fleet'

Black Friday kicks off holiday shopping amid tariffs, economic uncertainty

Black Friday may no longer be the retail bacchanalia of years past, when the promise of one-time bargains caused people to leave Thanksgiving tables for malls where some customers got into fistfights over toys or TVs. But the event still has enough enthusiasts to make it the biggest shopping day in the US. For that reason, the day retains its crown as the official start of the holiday shopping season. This year's kickoff comes as companies navigate an uncertain economic environment and wrestle with the volatility of President Donald Trump's wide-ranging tariffs on imported goods. Many have absorbed some of the costs and pulled back on hiring instead of raising prices for customers. Consumer confidence in the US economy fell this month to the lowest since April when Trump announced his tariffs in the aftermath of the government shutdown, weak hiring and stubborn inflation, according to a report The Conference Board issued Tuesday. Shoppers nonetheless have remained resilient and ..

India expands seafood markets beyond US amid tariff hike; shrimp up 18%

India is reducing its dependence on the US for seafood exports after higher tariffs; shrimp exports grew 18% in the first five months of FY26, supported mainly by strong demand in non-US markets

Why Republicans oppose Trump's plan to send $2,000 tariff-funded cheques

Donald Trump is pushing for $2,000 tariff-funded rebate cheques next year, but key Republicans say soaring deficits, the $38 trillion national debt make the proposal difficult to support

Japan's exports rise 3.7% in Oct but US-bound shipments fall due to tariffs

Japan's global exports gained 3.7 per cent in October from a year ago, while imports from the world edged up 0.6 per cent, according to government data released Friday. Exports to the US dipped 3.1 per cent, marking the seventh straight month of on-year declines, Finance Ministry data showed. Worries remain about the possible negative impact from US tariffs. President Donald Trump announced a trade framework with Japan in July, placing a 15 per cent tax on goods imported from that nation. That's lower than the 25 per cent rate Trump initially said would kick in starting in August. Previously, tariffs on most goods stood at 2.5 per cent. Soybean imports from around the world surged 37.3 per cent from a year ago, while those in iron and steel products dipped 17.1 per cent. Imports from the US jumped 20.9 per cent in October from the previous year, especially food imports, such as cereal, as well as petroleum. Exports to the US dropped in computer parts and other machinery, as well

Trump eases tariffs on coffee, fruit, and beef from Brazil to lower costs

President Donald Trump has further loosened tariffs on Brazil as part of his effort to lower consumer costs for Americans. The decision, released Thursday, affects coffee, fruit and beef, among other goods. The White House said last week that Trump was rolling back some worldwide tariffs that were originally announced in April. However, Brazil said that didn't affect levies that Trump had enacted in July to punish the country for prosecuting his political ally, former President Jair Bolsonaro. Thursday's decision harmonises Trump's plans, ensuring that neither the April nor July tariffs apply to certain products. Trump and Brazilian President Luiz Inacio Lula da Silva have been negotiating over trade, which could further reduce tariffs.

Resilient domestic economy gives govt space to negotiate US trade deal

Indian exports to the US dropped 8.6 per cent year-on-year to $6.3 billion in October, the second month that the 50 per cent tariff on imports from the country was in place

Threatened India, Pak with 350% tariffs if they didn't end conflict: Trump

US President Donald Trump has said he settled tension between India and Pakistan after threatening the two countries with 350 per cent tariffs and claimed that Prime Minister Narendra Modi had called him to say we're not going to go to war. Trump has repeated the claim over 60 times that he helped settle tension between India and Pakistan in May this year even as India has consistently denied any third-party intervention. I'm good at settling disputes, and I've always been. I've done very well with that over the years, even before this. I was talking about the different wars India, Pakistan... they were going to go at it, nuclear weapons, Trump said on Wednesday. Speaking at the US-Saudi Investment Forum attended by visiting Crown Prince of Saudi Arabia Mohammed bin Salman, Trump said that he told the two nuclear-armed neighbours that they can go at it, but I'm putting a 350 per cent tariff on each country. No more trade with the United States. Claiming that both India and Pakistan

Trump's trade war showdown proved that China can now stand up to America

China absorbed the full weight of American economic pressure and retaliated successfully, weaponising dominance of global supply chains on which US relies, particularly rare earth minerals, magnets

Japan's economy contracts for first time in six quarters as exports fall

Japan's economy sank at an annualised rate of 1.8 per cent in the July-September period, government data showed on Monday, as President Donald Trump's tariffs sent the nation's exports spiralling. On a quarter-by-quarter basis, Japan's gross domestic product, or GDP, or the sum value of a nation's goods and services, slipped 0.4 per cent, in the first contraction in six quarters, the Cabinet Office said. The annualised rate shows what the economy would have done if the same rate were to continue for a year. The fall was still smaller than the 0.6 per cent drop the market had expected. A big decline during the quarter came in exports, which were 1.2 per cent down from the previous quarter. Some businesses had sped up exports, when they could, to beat the tariffs kicking in, inflating some of the earlier data for exports. On an annualised basis, exports dropped 4.5 per cent in the three months through September. Imports for the third quarter slipped 0.1 per cent. Private consumptio

Trump backs 500% tariffs on Russia trade partners: What it means for India

Donald Trump backs Senate legislation enabling tariffs of up to 500% on countries trading with Russia, a move that could significantly affect India and China

India's oil PSUs ink landmark US LPG deal covering 10% of 2026 imports

India has signed its first structured deal to buy 2.2 million tonnes of LPG from the US in 2026, a move the government says will boost supply security

Best of BS Opinion: Government must continue with trimming its QCO list

Today's Best of BS Opinion looks at Bihar's fiscal test after NDA win, pushback against QCOs, Trump's tariff stance and India's options, India Inc earnings vs GDP, and a biography of Francis Crick

Tax and tariff disruptions reshape supply chains as strategic engines: PwC

PwC India's survey says shifting tariffs, uncertainty are testing supply chain resilience, even as firms underuse AI, face rising ESG pressures and struggle to give supply chains strategic influence

US tariffs hit Indian toy exporters as orders drop, buyers shift markets

Indian toy exporters are seeing fewer US orders after higher tariffs, forcing them to cut prices, simplify packaging and redesign products as buyers turn to cheaper markets

Trump lowers tariffs on beef, coffee to reduce rising grocery prices

Donald Trump has reduced tariffs on beef, coffee and many common food items to help bring down rising grocery costs, marking a major shift in his tariff policy as Americans struggle with high prices