Page 112 - Latest Updates on Trump tariffs

Donald Trump considers tariffs to counter digital taxes on US Big Tech

The memo called for the Office of the US Trade Representative to propose retaliatory measures, including tariffs, on countries that impose digital taxes on US tech companies

US President Donald Trump vows to impose reciprocal tariffs on India, China

Trump made the remarks during a press conference in which he was asked about the meeting of Tesla CEO Elon Musk with PM Modi

Will Trump's semiconductor tariffs disrupt India's global supply chains?

US President Trump has imposed a 25 per cent tariff on semiconductor imports, raising costs for US tech firms and disrupting global supply chains. Here's how it will impact the Indian industry

India must push 'zero for zero' strategy to address US tariffs threat: GTRI

India should propose a 'zero-for-zero' tariff strategy to the US for addressing America's proposed reciprocal tariff hikes, as it would be less harmful than negotiating a full bilateral trade agreement, economic think tank GTRI said in its report on Friday. Under this strategy, the Global Trade Research Initiative (GTRI) suggested the government identify tariff lines (or product categories) where India can eliminate import duties for American imports without harming domestic industries and agriculture. In lieu of that, the US should also remove duties on a similar number of goods. India can exclude most agriculture items from this list and to prepare it, India can refer to its Free Trade Agreement (FTA) tariff offers to Japan, Korea, and ASEAN as a starting point, it added. GTRI Founder Ajay Srivastava said this list should be discussed with the US before April, ahead of its reciprocal tariff announcement. It will be like doing a quick FTA in goods and if the US accepts, the ...

We see no need for special deal to avoid US tariffs, says BMW executive

BMW's plant in South Carolina is its biggest worldwide by output and a major exporter to markets including China, Germany, and Britain

Trump's steel tariffs raise concerns, may worsen glut of metal in Asia

Steelmakers from Asia to Europe and Latin America are already reeling from a flood of cheap Chinese steel, with the nation's 2024 exports touching a nine-year high above 110 million tonnes

South Korea requests to be excluded from Trump's efforts to raise tariffs

South Korean officials have asked the Trump administration to exclude their country from US plans to impose aggressive tariffs on trade partners, emphasizing that Seoul is already applying low duties on American products under the free trade agreement between the two nations. South Korea's government on Friday said Deputy Trade Minister Park Jong-won made the request while travelling to Washington this week for meetings with unspecified officials from the White House, the Department of Commerce and the Office of the US Trade Representative. The South Korean Trade Ministry didn't say what Park heard from the Americans. Park cited how South Korean companies were contributing to the US economy through large-scale business investments and noted that the country was already imposing low duties on free trade partners such as the United States. He called for South Korea to be excluded from US plans to establish reciprocal tariffs with trade partners and raise duties for imported steel and .

US State Dept revises web page on China to focus on trade, business curbs

The February 13 changes underscore the new administration's focus on trade and other priorities

Indian drugmakers bank on bilateral talks for relief from US tariffs

India, which calls itself the 'pharmacy of the world', makes cheaper generic versions of complex innovative drugs in its massive factory clusters and exports them to over 200 countries

Trump tariffs cast shadow over access to vital elements for tech sector

Lithium and other elements that the US needs for vital defence, energy and other applications could become harder to obtain if the Trump administration goes ahead with tariffs and other protectionist policies aimed at China. China refines more than 90% of the global supply of so-called rare earth elements, which include neodymium and dysprosium. Not actually rare, these 17 elements are difficult to mine and refine because they're not often found in concentrated deposits. Some elements, like Lithium, are usually mentioned along with rare earth elements, because they are also critical for the tech sector. Without them, cellphones wouldn't vibrate and computer hard drives wouldn't operate. They're used in wind turbines, electric cars and other industries the US has sought to develop. The US imports more than 80% of its rare earth elements, with most of those imports coming from China. A trade war impacts cellphone and other tech companies making their products in China when they have t

Nearly 90% of Japanese firms say Trump's policies hurt business: Survey

Around 72 per cent of those surveyed cited Trump's trade policies, including tariffs, as a key issue, while 26 per cent blamed worsening US-China relations, the survey found

WTO holds 'constructive' talks after China condemns Trump's 'tariff shocks'

China condemned tariffs launched or threatened by US President Donald Trump at a World Trade Organization meeting on Tuesday. Washington dismissed China's comments as hypocritical

Oil edges higher on supply concerns while market seeks peace talks clarity

US West Texas Intermediate crude futures for March rose 75 cents, or 1 per cent, to $72.60, up 2.6 per cent from the previous close before Monday's US public holiday

Trump's tariff threats pave way to safe-haven gold's all-time high

Gold's rally appears to be driven by President Trump's remarks on upcoming tariffs for autos and pharmaceuticals

Dollar steady, yen strengthens as traders mull Ukraine peace talks

Trump's administration said on Tuesday it had agreed to hold more talks with Russia on ending the war in Ukraine after an initial meeting that excluded Kyiv

Trump asserts control in 2nd term in departure from first-term chaos

Months into his first term as president, Donald Trump was furious with the snowballing Russia investigation and ordered White House Counsel Don McGahn to make sure that special counsel Robert Mueller got fired. Mueller has to go, McGahn recalled Trump saying. Call me back when you do it. But McGahn didn't do it, and Trump didn't even bring it up the next time they saw each other. Such incidents were common during Trump's initial experience in the White House, where officials would soften or ignore his most outrageous decisions and the president seemed unwilling to enforce his will. It's hard to imagine the same thing happening during Trump's second term. Instead of repeating his laissez-faire attitude toward his own administration, the Republican president is asserting control at every opportunity, backed up by loyalists at all levels of government. Despite occasional disorganization and confusion, there's a headstrong determination to push through any obstacles. Trump doesn't just

Nifty Pharma tanks 3% on Trump's tariff threat; Zydus, Lupin down upto 10%

The decline in pharma stocks followed comments from President Donald Trump, who indicated that the US may impose tariffs of around 25 per cent on pharmaceutical, automobile, and semiconductor imports

How to trade Nifty Auto, IT, Pharma as Trump threatens up to 25% tariffs

Technical chart suggests that the Nifty Auto, IT and Pharma indices can potentially fall up to 22% from present levels if these key support levels are broken.

Donald Trump likely to impose 25% tariffs on US imports of auto, drug, chip

'I probably will tell you that on April 2, but it'll be in the neighborhood of 25 per cent,' Trump told reporters at his Mar-a-Lago club when asked about his plan for auto tariffs

Gold rises as uncertainties around Trump tariffs fuel safe haven flows

With uncertainty surrounding the global economy and the broader geopolitical landscape in the Trump 2.0 era, gold is set to remain a natural beneficiary of risk-off flows and central bank buying