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US President Donald Trump announces new reciprocal tariffs under his 'Liberation Day' plan, calling it a declaration of economic independence despite inflation concerns in the US
Trump declared a 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the US
Donald Trump imposes 26% tariff on Indian imports, citing 'unfair trade practices' and vowing to end decades of imbalances in US foreign trade policy
Donald Trump imposes 26 per cent tariffs on Indian imports as part of sweeping trade levies, but several Asian nations face even higher rates. Check details
From April 9, nearly 60 countries, including those in the EU, will face steeper tariffs. World leaders, including Italy's Giorgia Meloni and Australia's Anthony Albanese condemned Trump's move
Senate Republicans are facing pressure Wednesday from President Donald Trump to oppose a Democratic resolution that would nullify the presidential emergency on fentanyl he is using to implement tariffs on Canada. Just hours after Trump is set to announce his plan for reciprocal tariffs on China, Mexico and Canada -- his so-called Liberation Day -- the Senate was expected to vote on a resolution that offers Republicans an off-ramp to the import taxes on Canada. It is a significant test for Republican loyalty to Trump's vision of remaking the U.S. economy by clamping down on free trade. Many economists are warning that the plan could cause an economic contraction, and GOP senators are already watching with unease as Trump upends U.S. standing with the rest of the world. The votes of at least four Republicans -- Sens. Lisa Murkowski of Alaska, Susan Collins of Maine, Mitch McConnell of Kentucky and Rand Paul of Kentucky -- were thought to be lining up in favor of the resolution. If all
Aside from air cargo, shipments transported by sea arriving after April 2 are likely to be subject to the new tariffs, compounding the uncertainty
The government has set up a control room to monitor the announcements by US President Donald Trump regarding the imposition of reciprocal tariffs against key trading partners including India at 1.30 am (India time), source said. Senior officials from ministries including commerce and industry will be present in the control room for close watch of the announcements, they said. US President Donald Trump has said the tariff announcements, scheduled for early morning Thursday (India time), will turn out to be a 'Liberation Day' for the US. The commerce ministry is working on possible four scenarios to assess the potential fallout of these reciprocal tariffs as there is still an uncertainty over the quantum and manner in which these levies will be imposed. According to trade experts, the duties could be announced either country wise of sector wise or at product level. The domestic industry and exporters have raised concerns over the possible impact of the US' reciprocal tariffs on Indi
The Sensex rose 593 points, or 0.78 per cent, to end at 76,617, with HDFC Bank and ICICI Bank accounting for half of the gains
The decision would reinstate US President Donald Trump's decision in February to end duty-free entry for cheap Chinese goods entering the US
The automakers are lobbying Prime Minister Narendra Modi's government to delay any cut in EV tariffs until 2029, and then phase in a reduction to 30 per cent from as high as roughly 100 per cent
The US' share in India's merchandise exports has risen from 10.1 per cent in 2010-11 to 19.3 per cent during April-February FY25
Will anything change in India against the backdrop of the Donald Trump administration keeping the whole world on tenterhooks over tariffs - a step or a misstep that has tanked stock markets globally
Pharmaceutical products have been on the radar of US President Donald Trump, who has indicated that tariffs of up to 25 per cent could be imposed on this category
The US' April 2 deadline is here, and President Donald Trump is all set to impose new reciprocal tariffs that could potentially upend global trade.
The Waqf (Amendment) Bill 2025 was tabled in Parliament today. Union Minority Affairs Minister Kiren Rijiju said that the bill has been renamed the Unified Waqf Management Empowerment, Efficiency.
Details of Trump's "Liberation Day" tariff plans were still being formulated and closely held ahead of a White House Rose Garden announcement ceremony scheduled for 4 pm ET (2000 GMT)
Markets, analysts said, will react to the announcement of reciprocal tariffs and the initial response from global markets, which could influence sentiment
Goods from sectors, including agriculture, precious stones, chemicals, pharma, medical devices, electricals, and machinery may get impacted if the US will go ahead with imposing reciprocal tariffs on Indian products, according to experts. They said that these sectors could face additional customs duties from the Trump administration because of the high tariff differential or gap, which is the difference between the import duties imposed by the US and India on a product. At the broad sector level, the potential tariff gaps between India and the US vary across the sectors. The gap is 8.6 per cent for chemicals and pharmaceuticals; 5.6 per cent for plastics; 1.4 per cent for textiles and clothing; 13.3 per cent for diamonds, gold, and jewellery; 2.5 per cent for iron, steel, and base metals; 5.3 per cent for machinery and computers; 7.2 per cent for electronics; and 23.1 per cent for automobiles and auto components. "The higher the tariff gap, the worse affected a sector could be," an
US President Donald Trump's new tariffs, set to take effect on April 2, will target countries with high duties on US goods, escalating trade tensions and reshaping global commerce