Page 102 - Latest Updates on Trump tariffs

Trump's Russian oil threat pushes Indian refiners to seek alternatives

Trump raised the prospect of so-called secondary tariffs on buyers of Russian oil if President Vladimir Putin refused a ceasefire with Ukraine

Senate vote to reverse Trump's tariffs on Canada tests Republican support

With President Donald Trump's so-called Liberation Day of tariff implementation fast approaching, Senate Democrats are putting Republican support for some of those plans to the test by forcing a vote to nullify the emergency declaration that underpins the tariffs on Canada. Republicans have watched with some unease as the president's attempts to remake global trade have sent the stock market downward, but they have so far stood by Trump's on-again-off-again threats to levy taxes on imported goods. Even as the resolution from Democratic Sen. Tim Kaine of Virginia offered them a potential off-ramp to the tariffs levied on Canadian imports, Republican leaders were trying to keep senators in line by focusing on fentanyl that comes into the U.S. over its northern border. It was yet another example of how Trump is not only reorienting global economics, but upending his party's longtime support for ideas like free trade. I really relish giving my Republican colleagues the chance to not jus

Trump aide claims tariffs will raise $6 trillion, boost US economy

He echoed the Trump administration's stance that the tariffs will not be paid by American consumers but by businesses in other countries or the countries themselves.

US automakers make mad dash to persuade Trump to ease tariff measures

Ford Motor Co., General Motors Co. and Chrysler parent Stellantis NV are lobbying the administration to exclude certain low-cost car components from the planned tariffs

Will US tariffs succeed in lifting the veil on India's drug safety problem?

Over 30 per cent of Indian pharma exports go to the US, and it provides an even larger proportion of earnings

Wall Street swings again as Trump's 'Liberation Day' rattles global markets

President Donald Trump's fast-approaching Liberation Day sent stock markets swinging sharply worldwide on Monday. On Wall Street, the S&P 500 rose 0.6% in another roller-coaster day, after being down as much as 1.7% during the morning. The reversal helped the index shave its loss for the first three months of the year to 4.6%, making it the worst quarter in two-and-a-half years. The Dow Jones Industrial Average also swerved higher after erasing an initial loss, and it climbed 417 points, or 1%. Slides for Tesla, Nvidia and other influential Big Tech stocks, though, sent the Nasdaq composite down 0.1%. Such neck-twisting turns have become routine for the US stock market recently because of uncertainty about what Trump will do with tariffs and by how much they will worsen inflation and grind down growth for economies. Wall Street's swings followed a sell-off that spanned the world earlier Monday as worries built about the effects of the tariffs that Trump says will bring ...

Auto dealers scramble as Trump's tariff fears drive buyers to showrooms

US dealerships are sitting on about 60 to 90 days of inventory on average, providing them with a cushion against the immediate effects of the tariffs

Crude inches up as investors await Trump's actions on Russian oil, Iran

China and India are major buyers of Russian crude and their acquiescence would be crucial to making any secondary sanctions package seriously hurt exports from the world's second largest oil exporter

European countries resist US push to scrap diversity, inclusion initiatives

US government efforts to eliminate diversity initiatives are not going down well on the European continent. Laurent Saint-Martin, France's minister for foreign trade, said the country won't compromise after the US State Department demanded French companies drop diversity, equity and inclusion initiatives. In neighbouring Belgium, where some companies reportedly received similar requests, the government lashed out at perceived US pressure. French media reported last week that major French companies received a letter saying President Donald Trump's rollback of DEI initiatives also could apply outside of the US. Saint-Martin spoke to RTL Radio on Monday following reports that US diplomats are interfering in the operations of French companies and said French authorities will seek explanations from their US counterparts about the letter. The reported demands included abandoning inclusion policies that are part of French and European Union laws such as equality between men and women, th

Trump threatens to bomb Iran if it does not agree to nuclear deal

There's a chance that if they don't make a deal, that I will do secondary tariffs on them like I did four years ago, Trump said

Will India's Google Tax rollback placate Trump before April 2 tariffs?

Just like Trump's tariffs will be mostly paid by American consumers, the burden of the so-called Indian equalisation levy had to be absorbed not by the tech platforms, but by the advertisers

Asia braces for historic test of export model from Trump's tariff threats

Treasury Secretary Scott Bessent said in March that the reciprocal levies slated for April 2 will target the dirty 15 that have substantial trade flows and barriers with the US

Trump's promised 'Liberation Day' of tariffs coming: Here's what it means

President Donald Trump says Wednesday will be Liberation Day" a moment when he plans to roll out a set of tariffs that he promises will free the United States from foreign goods. The details of Trump's next round of import taxes are still sketchy. Most economic analyses say average US families would have to absorb the cost of his tariffs in the form of higher prices and lower incomes. But an undeterred Trump is inviting CEOs to the White House to say they are investing billions of dollars in new projects to avoid the import taxes. It is also possible that the tariffs are short-lived if Trump feels he can cut a deal after imposing them. At stake are family budgets, America's prominence as the world's leading financial power and the structure of the global economy. What exactly does Trump plan to do? He wants to announce import taxes, including reciprocal tariffs that would match the rates charged by other countries and account for other subsidies. Trump has talked about taxing the

India may offer zero import duty on auto components for US at BTA

US last week imposed a 25% tariff on the import of automobiles and certain automobile parts

S Korea, China, Japan agree to promote regional trade as Trump tariffs loom

The countries' three trade ministers agreed to 'closely cooperate for a comprehensive and high-level' talks on a South Korea-Japan-China FTA

'Couldn't care less' if automakers raise prices due to tariffs, says Trump

Tariffs will hit a $240 billion trade route, with imported cars and light trucks accounting for about half of the roughly 16 million vehicles sold in the US last year

Liberation day: How should Indian firms and policymakers respond?

Firms in India tend to be highly connected into the US economy through elite human networks

Ahead of April 2 tariffs deadline, Trump aides unsure 'what boss will do'

Despite public assurances aimed at calming markets, internal discord and unpredictable policy shifts have left many questioning the Trump administration's direction

Tariff moves, FII trading activity likely to drive markets this week

The implication of April 2 reciprocal tariffs on global trade, trends in overseas markets and trading activity of foreign investors would dictate equity investors' sentiment in a holiday-shortened week ahead, according to analysts. Stock markets would remain closed on Monday for Eid-Ul-Fitr. The US has threatened to impose reciprocal tariffs on its key trading partners, including India, on April 2. "All eyes are now on Trump's April 2 tariff announcement," Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd, said. Among macroeconomic data announcements this week, PMI (Purchasing Managers' Index) data for manufacturing and services sectors would also be tracked by investors. "With the upcoming holiday-shortened week, market participants will turn their attention to global developments in the absence of major domestic triggers. The implementation of reciprocal tariffs from April 2 and its broader implications on global trade will be closely monitored," Ajit Mishra, SVP, Resear

Trump may not honour auto tariff protections won by Canada, Mexico in 2018

Trump revived the 2019 Section 232 investigation findings to impose the 25 per cent tariffs that take effect on April 3, but White House officials made no mention of the 2018 USMCA side-letter promise