Page 2 - Latest Updates on Trump tariffs

Trump drops tariffs on beef, coffee, tropical fruit to ease price pressure

President Donald Trump signed an executive order Friday to get rid of tariffs on a broad swath of commodities, including beef, coffee and tropical fruits. It's part of a response to pressure from consumers who complain prices are too high. The move comes after voters in off-year elections earlier this month cited economic concerns as their top issue, resulting in big wins for Democrats in races in Virginia and New Jersey.

Most emerging nations can realign trade to weather US tariffs: Report

Mexico and Vietnam are among the most exposed to US trade dependence, the paper showed, but progressive economic policies and political stability meant they were among the more resilient economies

No trade deal at cost of farmers, workers' welfare, says Piyush Goyal

India will not agree to any trade deal that harms farmers, dairy or workers, Piyush Goyal said, adding that new fish export markets like Russia are being explored

India cuts Russian crude oil buys for December amid Trump tariffs

India's reduced Russian oil orders come after the US raised tariffs on Indian imports to 50% and imposed sanctions on Russian oil giants Rosneft and Lukoil

Trump says US close to finalising India trade deal, hints at tariff cuts

US President made the comments while administering oath of office to Sergio Gor as the new US Ambassador to India, and indicated progress in ongoing trade talks, suggesting tariff cuts could follow

Trump's $2,000 'tariff dividend' for Americans may end up costing them more

Donald Trump wants to turn tariff revenue into $2,000 "dividends" for Americans but economists warn the plan could backfire, fuelling inflation and raising living costs

Stock Market close: Sensex, Nifty snap 3-day losing streak; IT shares outperform; VIX down 2%

Sensex today | Stock Market close highlights, Nov 10: In the broader markets, the Nifty MidCap index added 0.47 per cent, and the Nifty SmallCap index 0.35 per cent

'People against tariffs are fools': Trump vows $2,000 payout for Americans

US President Donald Trump defended his tariff policy, saying that every American, except the wealthy, will get a dividend of $2,000 from tariff revenues

Best of BS Opinion: India must reform QCO regime to meet global standards

Today's Best of BS Opinion analyses India's Quality Control Order overreach, dim prospects for COP30, Ajay Shah on Trump's tariff shock, and Jordan Ellenberg's review of The Great Math War

Early data shows strong resilience of Indian exports to Trump tariffs

To understand the impact of any shock, we must first measure the system correctly. Aggregate export figures have noisy components

Honda's profit slips as Trump's tariffs take toll on Japanese automakers

Honda reported Friday that its profit for the first fiscal half through September fell 37 per cent from the previous year, as the damage from President Donald Trump's tariffs offset the lift from solid motorcycle sales. Tokyo-based Honda Motor Co. recorded a 311.8 billion yen (USD2 billion) profit for April-September, down from 494.6 billion yen a year before. Sales over the six months totalled 10.6 trillion yen (USD 69 billion), down 1.5 per cent from nearly 10.8 trillion yen. Honda lowered its profit projection for the fiscal year through March 2026 to 300 billion yen (USD 2 billion), which would be a decline of 64 per cent from 835.8 billion yen the year before. It had earlier forecast a 420 billion yen (USD 2.7 billion) annual profit. Honda, which makes the Accord sedan and Odyssey minivan, said an unfavourable currency rate also hurt its bottom line, erasing 116 billion yen (USD 756 million) from its operating profit over the six months. But Honda achieved record sales in ...

Are US-India relations back to the future?

Trade wars and cold calls aside, India and the US have had tensions before; however, both bounced back stronger

Facing Trump's tariffs, Swiss farmers find themselves with too much milk

The country's dairy farmers produced a bumper harvest of milk, but higher US duties have forced them to consider ways to cut back, including slaughtering cows

US Commerce secy cites India while defending Trump's tariff amid SC case

US President Donald Trump used tariffs as a diplomatic tool to "buy justice" and had urged India to stop buying oil from Russia to help end the Ukraine war, Commerce Secretary Howard Lutnick has claimed. Lutnick made the remarks in an interview with Fox News on Thursday, defending Trump's use of tariff powers as the Supreme Court heard arguments on its legality. The court is examining whether it was lawful for Trump to use emergency powers under the 1977 International Emergency Economic Powers Act (IEEPA) to impose sweeping reciprocal tariffs on several countries, including India. "The president is using these taxes to buy justice; he is using the tariffs to end the war in Russia and Ukraine, where he has told India 'stop buying oil,'" Lutnick said, adding that restricting these powers (IEEPA) would weaken Trump's ability to make "the world and the US a safer place." Expressing confidence, he said that the US President will win the case because "these powers protect America". Trum

US Prez Trump likely to visit India next year, calls PM Modi a 'great man'

Trump's remarks come at a time when New Delhi and Washington have been trying to secure a trade deal after bilateral ties soured over Trump's 50 per cent tariffs on India

Stock Market Highlights: Nifty extends losses; Sensex drops 150 pts; Media, Metal crack 2%

Sensex today | Stock Market Highlights, November 6, 2025: In the broader markets, the Nifty Midcap 100 index closed 0.95 per cent lower, while Nifty SmallCap 100 index settled 1.4 per cent lower

Supreme Court revoking tariffs would be 'devastating', says Trump

Trump warned that the "entire world would be in a depression" had he not been able to implement the levies on goods from trading partners.

SC justices appear skeptical of Trump's sweeping unilateral tariffs

A majority of Supreme Court justices seemed skeptical on Wednesday about US President Donald Trump's ability to unilaterally impose far-reaching tariffs, putting at risk a cornerstone of his agenda in the biggest legal test yet of his unprecedented presidency. Three conservative justices raised questions about whether an emergency law gives Trump near-limitless power to set and change duties on imports, with potentially trillion-dollar implications for the global economy. The court's three liberal justices also appeared dubious, so at least two conservative votes could limit Trump's tariff power, though likely not end it altogether. The case is the first major piece of Trump's agenda to come squarely before the nation's highest court, which he helped shape by naming three of the nine justices in his first term. The conservative majority has so far been reluctant to check his extraordinary flex of executive power in short-term orders in cases ranging from presidential firings to ...

Supreme Court confronts Trump's sweeping power over global economy

In a high-stakes legal showdown, the Supreme Court will consider arguments that Trump exceeded his constitutional authority with many of the sweeping tariffs he has imposed

Always preparing for plan B: WH as Trump's tariff power faces SC test

Ahead of the hearing, Trump described the case as critical to the nation's future