Page 111 - Latest Updates on Trump tariffs

Trump's 25% EU tariffs rattles European shares, Wall Street mixed

Trump also floated a 25 per cent "reciprocal" tariff on European cars and other goods

Vigorously fight 25% US tariff: EU pushes back against Trump's threats

The European Union's executive branch said Thursday that the 27-nation bloc wasn't out to undermine the United States, as US President Donald Trump put it, but instead was the world's largest free market that has created an economic windfall for American companies working on and with the continent. The bloc also added it would vigorously fight a wholesale tariff of 25 per cent on all EU products headed for the US, as Trump has threatened in the latest round of vitriolic comments aimed at an age-old ally and economic partner. Thursday's EU pushback came after Trump told reporters that the European Union was formed in order to screw the United States. That's the purpose of it, and they've done a good job of it, adding it would stop immediately under his presidency. He said that the tariffs would be on cars and all other things. The moment the tariffs would be announced, the EU has said it would trigger tough countermeasures, on iconic US industries like bourbon, jeans and ...

Cong asks govt to stand up to US, says tariff removal will destroy economy

Flagging US President Donald Trump's push for reciprocal tariffs, the Congress on Thursday said the Modi government must stand up to the "humiliation" and tell its American counterpart that such moves would not be acceptable to India as they would "destroy" the country's economy. At a press conference here, Congress leader Ajoy Kumar played video snippets from French President Emmanuel Macron's meeting with Trump and also Prime Minister Narendra Modi's meeting with the US president to claim that the Indian PM remained "mum" even when the US president was "speaking ill of India". "We have seen French President Emmanuel Macron correcting Trump in conversation and telling him he is wrong. On the other hand, in front of Narendra Modi, Trump kept speaking ill of India. "He keeps calling India a tariff violator, we will impose reciprocal tariffs, but Narendra Modi remained silent," Kumar said at the presser at the AICC office at 24, Akbar Road. Kumar said Modi calls Trump his best friend

Indian markets can rise 15% in a year; FII selling surprised me: Chris Wood

Speaking at BS Manthan, Wood said he remains structurally bullish on Indian equities from a long-term perspective; but cautious in the short-term given the quantum of FII outflows and valuation woes.

Trump sows confusion over Canada, Mexico, floats 25% duty on EU goods

Trump has targeted early April for imposing reciprocal tariffs matching import duty rates of other countries and offseting their other restrictions

Markets Today: Trump tariffs; FIIs; Nifty50 expiry, Beezaasan IPO allotment

As of 6:40 AM, GIFT Nifty Futures were down merely 5 points at 22,578, hinting at a flat start

Trump's tariffs on China risk hurting US economy more than data suggests

There is little doubt that a harsher treatment of Chinese products under the first Trump administration, much of which was continued by the Biden White House, reduced China's share of US imports

US to announce EU tariffs very soon, says Trump at cabinet meeting

Trump said that US administration would soon be announcing tariffs on EU

Gold prices fall as investors eye US inflation data, Trump's tariff plans

Investors' focus was also on the US Personal Consumption Expenditures (PCE) report, the Federal Reserve's preferred inflation gauge, due on Friday

G20 meet on global poverty marred by disputes, absence of major economies

The two-day meeting comes after the Trump administration announced plans to gut its USAID arm and Britain slashed its aid budget by 40 per cent to divert funds towards defence spending

President Trump's tariffs threat tests EU's resolve to hurt Apple and Meta

The US President warned last week that he'd strike back with heavy tariffs following any "disproportionate" penalties and said that the EU's Digital Markets Act is in his crosshairs

India has lower exposure to US tariffs than peers in Apac region: Moody's

Moody's Ratings on Tuesday said India has a lower overall exposure to the US relative to others in the APAC region, although certain sectors such as food, textiles and pharmaceutical products face risks. Moody's said most companies in its rated portfolio are domestic-focused with limited exposure to the US market. To mitigate pressure from reciprocal tariffs, the US and India are reportedly engaged in talks to lower import tariffs on select US products, increase market access for US farm products and increase US energy purchases, while seeking to initiate a trade deal by the fall of 2025. Across APAC, developing countries like India, Vietnam and Thailand have among the widest rate differentials relative to the US, Moody's said. It said electronics, motor vehicles, food and textiles are the most exposed sectors. In addition to the hit from lower export demand, a key risk facing emerging economies in the region is that those aiming to nurture an export-led growth model similar to Chi

Oil prices fall 2% to two-month low on worries about Trump tariffs

Brent futures fell $1.61, or 2.25 per cent, to $73.17 a barrel by 10:34 a.m. EST (1534 GMT), while U.S. West Texas Intermediate (WTI) crude fell $1.60, or 2.3 per cent, to $69.10

Nifty monthly losing streak 2nd worst in 30 yrs; why you should be worried

The Nifty 50 index has shed nearly 13% in the last five straight months, its longest losing streak since November 1996; equalling its second-worst ever in the 30-year history.

Amid US tariff threats, rupee falls 47 paise to end at 87.19 against dollar

The rupee fell sharply by 51 paise to settle at 87.23 (provisional) against the US dollar on Tuesday due to month-end dollar demand by importers amid uncertainty over US trade tariffs. Elevated greenback against major crosses and sustained FII outflows also contributed to the decline in the domestic unit, forex traders said. At the interbank foreign exchange, the rupee opened weak at 86.83 and kept losing ground through the day before settling at 87.23 (provisional), 51 paise lower than its previous close. The local unit had settled at 86.72 on Monday. "The rupee fell sharply against the US dollar amid uncertainty over US trade tariffs and demand from importers towards the end of the month. Covering of short positions due to the expiry of the futures contract, too, weighed on the rupee. "We expect the rupee to trade negative on the back of overall weakness in the domestic markets and persistent FII outflows. Any recovery in the US dollar may also weigh on the rupee. However, any .

Markets Today: Trump tariffs; FIIs; Gold; Swasth Foodtech, HP Telecom IPOs

US President Donald Trump, on Monday, confirmed that tariffs on imports from Canada and Mexico will proceed as planned once the monthlong delay ends next week

Canada, Mexico tariffs 'going forward' with more to come: Donald Trump

President Donald Trump said Monday that his tariffs on Canada and Mexico are starting next month, ending a monthlong suspension on the planned import taxes that could potentially hurt economic growth and worsen inflation. We're on time with the tariffs, and it seems like that's moving along very rapidly, the U.S. president said at a White House news conference with French President Emmanuel Macron. While Trump was answering a specific question about the taxes to be charged on America's two largest trading partners, the U.S. president also stressed more broadly that his intended reciprocal tariffs were on schedule to begin as soon as April. The tariffs are going forward on time, on schedule, Trump said. Trump has claimed that other countries charge unfair import taxes that have come at the expense of domestic manufacturing and jobs. His near constant threats of tariffs have already raised concerns among businesses and consumers about an economic slowdown and accelerating inflation.

FIIs may not return to India soon; China remains a better bet: Analysts

Indian investors will have to be patient as FII inflows are not expected in the short to medium term. However, long-term view is intact

EU estimates $29.3 billion hit from Trump's steel, aluminum tariffs

As part of his effort to rewrite global trade rules, Trump announced a series of duties including 25 per cent tariffs on steel and aluminum exports that could take effect as soon as March 12

Trump threatens drugmakers with tariffs if they don't move production to US

Trump also didn't commit to pushing Congress to water down a drug pricing programme enacted under President Joe Biden that the pharmaceutical industry has been seeking relief from