Page 12 - Latest Updates on Trump tariffs

US Treasury secy slams India-EU FTA , says Europe chose trade over Ukraine

US Treasury Secy Scott Bessent criticised EU's trade deal with India, saying Brussels prioritised commercial interests over support for Ukraine and indirectly financing Russia through oil purchases

Market signals: Global factors will continue to drive stock markets

Indian investors are in a difficult spot, given the uncertainty. In January to date, the benchmark Nifty saw a small correction of around 3.3 per cent after gaining 9.8 per cent in 2025

'We'll get it done one way or the another': Trump defiant on tariffs

The US president criticised judges blocking his tariff regime and said he would find other ways to impose duties if the court rules against him

India must do more to wind down Russian oil buys: US trade representative

While New Delhi has 'made a lot of progress' on curbing buys of Russian crude, "it's hard for them" to completely wean off the supplies, said US Trade Representative Jamieson Greer

Trump hikes tariffs on South Korea to 25% over inaction on trade deal

President Donald Trump said Monday he is increasing tariffs on South Korean goods because the country's national assembly has yet to approve the trade framework announced last year. Trump said on social media that import taxes would be raised on autos, lumber and pharmaceutical drugs from South Korea with the rate on other goods going from 15 per cent to 25 per cent. The US president previously imposed the tariffs by declaring an economic emergency and bypassing Congress, while South Korea needed legislative approval for the framework announced in July and affirmed during Trump's October visit to the country. "Our Trade Deals are very important to America. In each of these Deals, we have acted swiftly to reduce our TARIFFS in line with the Transaction agreed to," Trump said. "We, of course, expect our Trading Partners to do the same." The threat was a reminder that the tariff drama unleashed last year by Trump is likely to be repeated again and again this year. The global economy a

Russia oil flows into India show resilience, likely to continue into 2026

India will continue to look out for the best prices and best margins for its refiners, strategically changing its buying slate while also dropping Russian imports slightly, a Kpler analyst said

Asia faces $621 bn tariff risk as US expands national security trade curbs

As the Supreme Court reviews Trump's tariffs, the US is expanding Section 232 duties that could affect $621 billion in Asian goods, raising risks for allies and rivals alike

'Vance, Navarro, even Trump stalled trade deal with India': US Senator

In a leaked recording, Cruz warned donors that Trump's tariff policy could seriously harm the US economy and even put the president at political risk

Why an India-EU mega trade pact is Modi's best reply to Donald Trump

Von der Leyen wants what she called "the mother of all deals." Prime Minister Narendra Modi should give it to her when she arrives as chief guest at India's Republic Day

Canada holds firm on trade pivot as energy minister heads to India

We need to protect and empower the Canadian economy and trade diversification is fundamental to that, says

US signals rollback of Trump's 25% tariff as India cuts Russian oil imports

US Treasury Secretary said that India's sharp reduction in Russian oil imports shows that tariff pressure has worked, opening the door for a rollback of the additional 25% duty imposed by Trump

With alliances in 'rupture', global markets could face higher volatility

When alliances last this long, they are assumed to be permanent. But, as the famous saying goes, nations have no permanent friends or enemies, only permanent national interests

Trump drops tariff threats over Greenland after Nato agrees to Arctic deal

Decision follows Trump's talks with Nato chief Mark Rutte on a future Greenland and Arctic security framework, prompting the US President to drop planned tariffs on European allies

US Treasury secretary decries Europe's 'anger' over tariff threat

US President Donald Trump will appear on Wednesday with other high-profile government and business leaders at the World Economic Forum in Davos, Switzerland, a day after the elite event produced contentious statements and economic threats arising from tensions between the US and Europe. Nearly 3,000 high-level participants from 130 countries, plus an untold number of activists and observers, are expected to converge on the annual event scheduled to last through Friday for dialogue, debate and deal-making in the Alpine resort. Trump's third visit as president comes as US allies worry about his ambition to take over Greenland, while Latin America grapples with his efforts to seize Venezuela's oil. European Commission President Ursula von der Leyen on Tuesday called Trump's planned new tariffs on eight of its countries over Greenland a mistake and questioned Trump's trustworthiness. French President Emmanuel Macron said the EU could retaliate by deploying one of its most powerful ...

India stopped buying Russian oil after Trump's 25% tariff, claims Bessent

The Trump administration is weighing a Russia sanctions bill by Senator Lindsey Graham that would allow the US to impose tariffs of at least 500 per cent on countries that continue buying Russian oil

US-Europe have 'never been closer', says Bessent despite Greenland crisis

US Treasury Secretary Scott Bessent on Tuesday said America's relations with Europe remain strong and urged trading partners to take a deep breath and let tensions driven by the Trump administration's new tariff threats over Greenland play out. I think our relations have never been closer, he said, speaking on the sidelines of the World Economic Forum annual meeting in Davos, Switzerland. On Saturday, Trump announced a 10 per cent import tax starting in February on goods from eight European nations that have rallied around Denmark in the wake of his stepped up calls for the United States to take over the semi-autonomous territory of Greenland. Trump has insisted the US needs the territory for security reasons against possible threats from China and Russia.

200% tariff on French wine? Trump warns Macron to join Gaza Peace Board

The Board of Peace is a global body endorsed by the UN Security Council in November last year to monitor and oversee the ceasefire between Israel and Hamas

Trump floats 200% tariff on champagne if Macron snubs Gaza peace board

'Well, nobody wants him because he's going to be out of office very soon,' Trump told reporters after being informed Macron would decline his invitation

Bitcoin drops below $92K as Trump's EU tariffs weigh on risk assets

Trump said over the weekend that he would impose a 10 per cent tariff on goods from 8 European nations starting Feb 1, rising to 25 per cent in June unless there's a deal for a 'purchase of Greenland'

Silver crosses ₹3 lakh per kg; rally strong but correction risks loom

The tariff threat, tied to a dispute over control of Greenland and broader trade tensions, has rattled markets and reinforced precious metals' appeal as a hedge against economic instability.