Page 114 - Latest Updates on Trump tariffs

Trump may revive 1930 trade discrimination law for reciprocal US tariffs

Trump has said the new US tariff rates would take effect "almost immediately," and Section 338 of the Trade Act of 1930 would give him a quick path to imposing them

Praveen Singh of Mirae Asset Sharekhan suggests 'buy on dips' for gold

The metal was trading at $2,906, down nearly 0.40 per cent on the day, whereas the MCX April gold contract was changing hands at Rs 85,540, down nearly 0.32 per cent on the day

Trump's steel, aluminum tariffs may drive up car costs: Industry leaders

President Donald Trump's tariffs on steel imports this week could wreak havoc on American auto manufacturing, industry leaders say. The moves align with the Trump administration's aggressive global trade agenda and ambitions to strengthen US industry, but they could have an inverse effect. On March 12, all steel imports will be taxed at a minimum of 25%, the result of two orders the president signed Monday that also include a 25 per cent tariff on aluminum. That could have a serious impact on domestic auto companies including Ford, GM and Stellantis and make these companies' vehicles more expensive for the nation's car buyers. Tariffs on crucial products coming from outside of the US places pressure on domestic sourcing of the materials, experts say. The basic rules of supply and demand could drive up costs. "Steel producers have to find ways to increase capacity, and aluminum and steel might be in short supply in the short term," said Sam Fiorani, analyst at AutoForecast Solutions

Trump tariff, FII selling: Why Sensex fell 1200 pts; Nifty breached 23,000?

From Donald Trump's tariff imposition to continued FII selling, here are key reasons for the market crash on February 11, 2025

Trump says he has spoken to China's Xi after taking office, adds no details

Trump said last week he was in no hurry to speak to Xi to try to defuse a new trade war between the world's two largest economies

Australian PM Albanese gets Prez Trump to consider exemption on tariffs

Albanese, who must hold an election by May 17, has been under intense pressure from local lawmakers and executives to secure tariff exemptions for Australia's steel and aluminum exports to the US

Markets Today: Lupin, Vi, Eicher Q3; FIIs; Gold; Ajax Engineering IPO Day 2

At 6:31 AM, GIFT Nifty Futures were trading 16 points higher at 23,476, signaling a flat to positive start for Indian bourses

Trump steps up his 2018 tariffs on steel and aluminum, risks inflation

President Donald Trump on Monday removed the exceptions and exemptions from his 2018 tariffs on steel, meaning that all steel imports will be taxed at a minimum of 25%. Trump also hiked his 2018 aluminum tariffs to 25% from 10%. We were being pummeled by both friend and foe alike, Trump said as he signed two proclamations changing his orders during his first term that go into effect on March 4. It's time for our great industries to come back to America. The moves are part of an aggressive push by the president to reset global trade, with Trump saying that tax hikes on the people and companies buying foreign-made products will ultimately strengthen domestic manufacturing. But the tariffs would hit allies as the four biggest sources of steel imports are Canada, Brazil, Mexico and South Korea, according to the American Iron and Steel Institute. Trump also intends this week to reset US taxes on all imports to match the same levels charged by other countries. All of that comes on top of

Donald Trump's metal tariffs put India exports at risk, spark glut fears

Besides 25% duty on all steel, aluminium imports, US plans 'reciprocal tariffs'

Know all about Donald Trump's tariffs and threatened trade actions

Trump said he would impose reciprocal tariffs, seemingly targeting countries that have levies on US goods

Rupee hits record low of 87.95 against US dollar in early trade today

The rupee depreciated 45 paise to hit a record low of 87.95 against the US dollar in early trade on Monday weighed down by the strength of the American currency in the overseas market and a negative trend in domestic equities. Forex traders said the dollar index was quoted at 108 gained after President Donald Trump said he was said to impose new 25 per cent tariffs on all steel and aluminium imports. The move has added jitters over the global trade war with China's reciprocal duties coming into effect, they said. At the interbank foreign exchange, the rupee opened at 87.94 and slipped further to all-time low of 87.95 against the greenback in initial deals, a fall of 45 paise from its previous close. On Friday, the rupee recovered 9 paise from all-time low level to close at 87.50 against the US dollar. Rupee was expected to open weaker after RBI cut rates on Friday by 25 bps and was expected to cut another 25 bps in April to promote growth as inflation seemed to be showing a downwa

Trump's steel tariff threat hammers related stocks; Nifty Metal falls 3%

Steel tariff Trump news: US President Donald Trump may announce a 25-per cent tariff across all the imports of steel and aluminum as early as Monday

US tariffs' scare push rupee to record low, RBI steps in to cap losses

Trump said he will introduce new 25 per cent tariffs on steel and aluminium imports into the US

Stocks to Watch, Feb 10: Steel stocks, Nykaa, Eicher, M&M, Vedanta, BEL

At 6:36 AM, GIFT Nifty Futures were trading 47 points lower at 23,568, indicating a negative start for the Indian bourses

Trump plans to announce 25% tariffs on steel, aluminum imports today

The president also said he would announce reciprocal tariffs this week on countries that tax US imports

No action despite tariffs, serious about Canada becoming 51st state: Trump

President Donald Trump said he is serious about wanting Canada to become the 51st state in an interview that aired Sunday during the Super Bowl preshow. Yeah it is, Trump told Fox News Channel's Bret Baier when asked whether his talk of annexing Canada is a real thing" as Canadian Prime Minister Justin Trudeau recently suggested. I think Canada would be much better off being the 51st state because we lose $200 billion a year with Canada. And I'm not going to let that happen," he said. "Why are we paying $200 billion a year, essentially a subsidy to Canada? The US is not subsidizing Canada. The US buys products from the natural resource-rich nation, including commodities like oil. While the trade gap in goods has ballooned in recent years to $72 billion in 2023, the deficit largely reflects America's imports of Canadian energy. Trump has repeatedly suggested that Canada would be better off if it agreed to become the 51st US state a prospect that is deeply unpopular among ...

Trump plans to unveil reciprocal tariffs next week amid trade war fears

Trump made the announcement during a meeting with visiting Japanese Prime Minister Shigeru Ishiba

Canada must think tactically on dealing with Trump tariff threats: Trudeau

Prime Minister Justin Trudeau said Friday that Canada must think tactically and strategically on how to deal with U.S. President Donald Trump's threats to impose hefty tariffs on all Canadian imports. Speaking in Toronto at the opening of a one-day summit on the Canada-U.S. economic relationship, Trudeau told the gathering of trade, business and labor experts the country must work with the U.S. to avoid tariffs. He also said Canada needs to eliminate internal trade barriers and expand its trade with other nations. This is a moment, said Trudeau. This is a time in our country's history that really matters. Later, local media reported that Trudeau told business leaders at the summit that Trump's comments to make Canada the 51th state are a real thing. Mr. Trump has it in mind that the easiest way to do it is absorbing our country and it is a real thing. In my conversations with him on, Trudeau said, before the microphone cut out, Canada's public broadcaster CBC reported. Trump on M

Bank of Canada Guv says Trump's tariffs threat already having an impact

Bank of Canada said last month the threat of tariffs was making economic projections difficult, but cautioned that a 25 per cent tariff could cause major economic damage

Global tariff threats could deal $207 million blow to Pernod Ricard

China has already imposed temporary tariffs on European brandy imports, hurting Pernod's sales of its Martell cognac brand