Page 15 - Latest Updates on Trump tariffs

Trump not planning to meet Carney amid ongoing spat over Canada trade ad

Shortly before departing, Trump called the commercial "dishonest" and panned the decision to keep airing it during US broadcasts of the World Series

Trump's no. 1 Canadian enemy: Doug Ford embraces his role as antagonist

Ford said the ad will be paused from Monday to allow trade talks to resume but will still air over the weekend during the first two World Series games in Toronto

Bernanke, Yellen urge US Supreme Court to overturn Trump's tariffs

Economists say US trade deficits are normal and not the "unusual and extraordinary" threat cited by Trump for imposing emergency tariffs

Trump terminates trade talks with Canada after TV ad protests US tariffs

The announcement came after Canadian Prime Minister Mark Carney said he aims to double his country's exports to countries outside the US because of the threat posed by Trump's tariffs

RIL says it will comply with US, UK, EU sanctions on Russian oil imports

The oil refining giant said that it is assessing the implications of restrictions and sanctions by the EU, the UK and the US on crude oil imports from Russia

WH repeats claim India cutting Russian oil imports at Trump's request

However, India has denied any agreement, emphasising its priority to safeguard consumer interests. The country's energy policy prioritises stable prices and secure supplies

Sensex rises 860 points, Nifty above 26,000: Why are markets rising today?

The US could substantially slash tariffs on Indian exports as the two countries near a trade deal that could see New Delhi cutting oil purchases from Russia, according to reports

US tariffs may dent Indian leather industry revenue by up to 12%: Crisil

The 50 per cent tariffs imposed by the US on India have led to order cancellations and factory shutdowns in the leather sector, particularly affecting small tanneries

Canada aims to double non-US exports in a decade amid Trump tariff impact

Prime Minister Mark Carney set a goal for Canada to double its non-US exports in the next decade, saying American tariffs are causing a chill in investment. Carney, who will release his government's budget on Nov 4, said Wednesday many of Canada's former strengths based on close ties to America have become vulnerabilities. The jobs of workers in our industries most affected by US tariffs autos, steel, lumber are under threat. Our businesses are holding back investments, restrained by the pall of uncertainty that is hanging over all of us, Carney said. US President Donald Trump has been threatening Canada's economy and sovereignty with tariffs, most offensively by claiming Canada could be the 51st state. Carney reiterated in an evening address to Canadians that the decades-long process of an ever-closer economic relationship between the Canadian and US economies is now over. "The US has fundamentally changed its approach to trade, raising its tariffs to levels last seen during

India to cut Russian oil imports by year-end: Trump after new sanctions

US President Donald Trump said India will sharply reduce Russian oil imports by the end of the year, following new US sanctions on Moscow's major oil firms

China's $1 bn of daily US exports show Xi Jinping's bargaining power

Despite double-digit drops in the value of overall trade during the past half a year, some products have recently seen an increase from 2024

Trump celebrates Diwali at White House, calls PM Modi 'great friend'

During the Diwali celebrations at the White House, Trump said he spoke directly with Prime Minister Narendra Modi and reiterated his claim that India would reduce its oil purchases from Russia

Trump claims PM Modi assured him India will stop buying Russian oil

Trump also said his ambassador-designate Sergio Gor told him that PM Narendra Modi "loves Trump," adding that he shares a great friendship and strong relationship with PM Modi

Trump says he wants to be nice to China, but slaps 155% tariffs from Nov 1

Trump said while he personally wishes to maintain friendly relations with China, years of one-sided economic dealings have left the US with no choice but to take firm action

Businesses tell US Supreme Court that Trump tariffs are illegal $3 trn tax

The tariffs remain in place for now, even though the federal appeals court ruled that the president exceeded his authority by imposing them

Trump warns of 155% tariffs on China if trade deal not finalised by Nov 1

Trump warned of potential steep tariffs on Chinese goods if a trade deal isn't reached after his meeting with Xi Jinping later this month. However, he expressed his optimism for a 'fair' agreement

China's economy slows to 4.8% in Jul-Sep amid trade tensions, weak demand

China's economy expanded at the slowest annual pace in a year in July- September, growing 4.8 per cent, weighed down by trade tensions with the United States and slack domestic demand. The July-September data was the weakest pace of growth since the third quarter of 2024, and compares with a 5.2 per cent pace of growth in the previous quarter, the government said in a report Monday. In January-September, the world's second largest economy grew at a 5.2 per cent annual pace. Despite US President Donald Trump's higher tariffs on imports from China, the country's exports have remained relatively strong as companies shifted their sales to other world markets. Tensions between Beijing and Washington remain elevated, and it's unclear if Trump and Chinese leader Xi Jinping will go ahead with a proposed meeting during a regional summit at the end of this month. Xi and other ruling Communist Party members are convening one of China's most important political meetings for the year on Monday,

Trump tariffs may cost firms $1.2 trn, consumers to bear burden: S&P Global

S&P Global report states that two-thirds of the total additional cost will be passed on to the consumers via higher prices, while one-third ($315 billion) is absorbed internally through lower earnings

Trump flags rare earths, fentanyl, soybeans ahead of China trade talks

A little over a week ago, Trump raised the prospect of canceling his first in-person meeting with China's President Xi Jinping since he returned to the White House

Making progress in trade negotiations with US amid tariff tensions: Govt

The two sides have narrowed their differences on trade-related matters, an Indian official told reporters in New Delhi on Saturday, asking not to be identified as the discussions are private