Page 104 - Latest Updates on Trump tariffs

Elon Musk one of the few winners from Donald Trump's auto tariffs

The electric vehicle maker has large factories in California and Texas that churn out all the cars it sells in the US

Trump calls auto tariffs 'maybe good for Tesla,' Musk says 'not unscathed'

The auto tariffs are set to take effect on April 2, with collection beginning April 3, as confirmed by the White House

Donald Trump may give China reduction in tariffs to get TikTok deal done

ByteDance has an April 5 deadline to find a non-Chinese buyer for TikTok or face a US ban on national security grounds

Reciprocal tariff plan on all nations 'lenient', says Donald Trump

We have not been treated nicely by other countries, but we're going to be nice. So I think people will be pleasantly surprised, he said

Trump places 25% tariff on imported cars, targeting $100 bn in tax revenues

US President Donald Trump on Wednesday said he was placing 25 per cent tariff on auto imports, a move that the White House claims would foster domestic manufacturing but could also put a financial squeeze on automakers that depend on global supply chains. "This will continue to spur growth. We'll effectively be charging a 25 per cent tariff," Trump told reporters. The tariffs could be complicated as even US automakers source their components from around the world, meaning that they could face higher costs and lower sales. Shares in General Motors have fallen roughly 3 per cent in Wednesday afternoon trading. Ford's stock was up slightly. Shares in Stellantis, the owner of Jeep and Chrysler, have dropped nearly 4 per cent. Trump has long said that tariffs against auto imports would be a defining policy of his presidency, betting that the costs created by the taxes would cause more production to relocate to the United States. But US and foreign automakers with domestic plants still

Canadian PM Carney calls Trump's auto tariffs 'direct attack' on country

Canadian Prime Minister Mark Carney on Wednesday said that US President Donald Trump's auto tariffs are a "direct attack" on his country and that the trade war is hurting Americans, noting that American consumer confidence is at a multi-year low. Trump on Wednesday said he was placing 25 per cent tariffs on auto imports and, to underscore his intention, he stated that "this is permanent". "This is a very direct attack. We will defend our workers. We will defend our companies. We will defend our country," Carney responded. Carney also said he needs to see the details of Trump's executive order before taking retaliatory measures. He called it unjustified and said he will leave the election campaign to go to Ottawa on Thursday to chair his special Cabinet committee on US relations. Carney earlier announced a USD $1.4 billion "strategic response fund" that will protect Canadian auto jobs affected by Trump's tariffs. Autos are Canada's second largest export, and Carney noted it employ

Tariff exemption to India will push Indo-US bilateral trade, say exporters

Exempting India from the imposition of reciprocal tariffs by the US would help facilitate seamless bilateral trade between the two countries, say exporters. Any tariffs on Indian products would hurt shipments to Washington, they said. According to reports, US President Donald Trump has said that automobile tariffs will be coming soon even as he indicated that some countries may get an exemption from reciprocal tariffs to be imposed on April 2. Federation of Indian Export Organisations (FIEO) said that India certainly deserves an exemption or waiver from reciprocal tariffs as it is constructively engaged with America at different levels and also for a Bilateral Trade Agreement. "The Mission 500 to take bilateral trade from the current level of about USD 200 billion to USD 500 billion requires a greater push for seamless trade, which the exemption will further facilitate," FIEO Director General Ajay Sahai said. Another exporter said that the exemption to India would remove tariff ..

US core capital goods orders drop in Feb amid uncertainty over tariffs

Non-defence capital goods orders excluding aircraft, a closely watched proxy for business spending plans, dropped 0.3 per cent last month after an upwardly revised 0.9 per cent surge in January

India's exports to grow despite global uncertainties over tariffs: DGFT

India's exports are bound to grow in the coming years despite uncertainties over global trade and tariff, a senior government official said on Wednesday. Director General of Foreign Trade Santosh Kumar Sarangi said that exporters should tread the path pragmatically and wisely to navigate the current global trade contours. He also said that the current scenario presents a "golden" opportunity for India to do a variety of things which will propel exports and increase manufacturing competitiveness. Despite the "uncertainties relating to trade and tariff, our exports are bound to grow in future years," he said at the Sourcex India 2025 show. It was organised by the Federation of Indian Export Organisations (FIEO). US President Donald Trump has imposed reciprocal tariffs or import duties on countries like China and has pledged to impose these levies on India also on April 2. Certain exporters have raised concerns that imposition of duties by the US on sectors like engineering and pharm

Trump tariffs, economic recovery: Here are top stock market risks in FY26

Sustained policy support, stronger domestic demand, and consistent earnings growth will be crucial to restoring investor confidence in FY26, experts said

Markets Today: FIIs; Wall St; Trump tariffs; Active Infra, Rapid Fleet IPOs

In the previous session, Sensex ended at 78,017.19, up 32.81 points or 0.04 per cent. Nifty50 closed at 23,668.65, up 10.30 points or 0.04 per cent

Gold prices rise on safe-haven demand amid uncertainty over Trump tariffs

Gold, traditionally seen as a hedge against geopolitical and economic uncertainties, has risen more than 15 per cent this year and reached an all-time peak of $3,057.21 on March 20

India Inc should not worry about tariffs, focus on competitiveness: Godrej

Amid fears of the possible impact of US tariff measures, industry grouping CII on Tuesday asked companies to focus on competitiveness rather than worrying about the duty revisions. Jamshyd Godrej, the chairman and managing director of locks and refrigerator maker Godrej & Boyce, said that Indian manufacturers will have to focus on scale just like China in its pursuit to become more competitive. US President Donald Trump has announced that the country will charge tariffs at par with the ones levied by India on American imports from April 2. Experts have opined that there is a difference in tariffs of the two countries and there can be some impact on Indian exporters. "...I think tariffs is the wrong thing to focus on. The thing to focus on is competitiveness. And I think everyone should get away from this tariff mindset," Godrej told reporters on the sidelines of CII Manufacturing Summit here. Godrej, who has been a past president of CII and also chairman of the summit, recalled ..

India eyes tariff cut on $23 bn of US imports, to shield $66 bn in exports

Under the deal, India is open to reducing tariffs on 55 per cent of US goods it imports that are now subject to tariffs ranging from 5 per cent to 30 per cent

Trump announces 25% tariff on Venezuelan oil: What's at stake for India?

US President Trump announced a 25 per cent tariff on countries buying Venezuelan oil and gas, effective April 2, applying to both direct and indirect buyers of Venezuelan crude

Donald Trump's threat of 'secondary tariffs' creates new trade weapon

The threat, delivered via Truth Social post then confirmed in an executive order, said countries could face 25 per cent tariffs on trade with the US if they purchase oil and gas from Venezuela

Donald Trump to impose auto tariffs soon, hints at reciprocal duty breaks

Trump said his tariff roll-out would focus on so-called reciprocal duties, featuring rates on a country-by-country basis corresponding to tariffs and other trade barriers on US products

Here's why India's confidence about Trump's trade tariffs is deluded

Indeed, if anybody nourished a vague hope that Trump would fail to impose tariffs on Indian exports, the man himself dashed them last week

Trump to enforce 25% tariff on nations importing Venezuelan oil and gas

This measure, described as a "secondary tariff," is set to take effect on April 2

Gold prices tick up as investors seek safe haven amid US tariff concerns

Gold, traditionally seen as a hedge against geopolitical and economic uncertainties and often thriving in a low interest rate environment, has surged 15 per cent this year