Page 22 - Latest Updates on Trump tariffs

Trade overtures: India should support exporters, affected businesses

With the US imposing steep tariffs on Indian exports, New Delhi must support affected firms while pursuing new markets, as trade talks with Washington remain uncertain

Adani Group ports to bar vessels facing sanctions from the US, UK, and EU

The move to block sanctioned vessels comes amid heightened scrutiny of global shipping, driven by US tariffs on Russian crude and the ongoing Russia-Ukraine war

Will sort out trade deal with India if it stops buying Russian oil: Lutnick

US Commerce Secretary Howard Lutnick said Washington will sort out a trade deal with India only if it halts Russian oil imports, even as India continues purchases in national interest

A green industrial policy for CBAM key to securing India-EU FTA benefits

The CBAM is expected to drive the transition of manufacturing globally away from carbon emissions and the use of fossil fuels

Stock market close: Sensex adds 124 pts, Nifty at 25,005; oil & gas, bank shares gain; IT, auto dip

Sensex Today | Stock Market Highlights, September 11, 2025: Among the broader markets, the Nifty Midcap 100 and Nifty Smallcap 100 indices settled with gains of 0.12 per cent and 0.03 per cent

Adani bid to end bribery case stalls amid volatile US-India relations

Progress Adani's representatives had been making with American officials has faltered in recent months as the US and India have clashed on several issues

Mexico's new tariffs on Asian imports aim to counter US trade pressures

Mexican import taxes on more than 1,400 products from China and other Asian countries will be as high as 50 per cent, as the country tries to shore up domestic production and pass on some of the Trump administration's tariff pain. President Claudia Sheinbaum said the tariffs revealed a day earlier in her administration's budget proposal are intended to counter the effects of US tariffs on some products from Mexico, particularly in the automotive sector, which accounts for 23 per cent of Mexico's manufacturing. Among the products that will face the import taxes are light vehicles, auto parts, textiles, shoes, plastics, electronics, toys and other items. The budget is expected to pass easily through Mexico's Congress, where the governing party holds majorities in both chambers. Economy Secretary Marcelo Ebrard said Wednesday that the tariffs would be applied to 8.6 per cent of what Mexico buys abroad and apply only to countries that do not have free trade agreements with Mexico. The

Donald Trump, PM Modi reignite hopes of trade deal at 'the earliest'

India and the US are stepping up trade negotiations as both leaders express confidence in resolving barriers after earlier setbacks over tariffs and Russian oil imports

GST reforms to cushion Indian economy from US tariffs, says CEA Nageswaran

Chief Economic Adviser Anantha Nageswaran said the GST reforms would help counter the effect of US tariffs by stimulating domestic demand and mitigating risks to capital formation

Stock Market Close: Sensex adds 324 pts, Nifty at 24,973; IT, PSBs shares outperform; auto falls

Sensex Today | Stock Market Highlights: Among the broader markets, the Nifty Midcap 100 and Nifty Smallcap 100 indices settled with gains of 0.83 per cent and 0.73 per cent, respectively

Centre plans support package for exporters hit by Trump's tariffs

The Ministry of Commerce and Industry has proposed measures to ease liquidity for exporters through collateral-free loans and subsidised interest rates

Cong takes dig at PM Modi, reminds of Trump's ceasefire claims '35 times'

The Congress on Wednesday took a swipe at Prime Minister Narendra Modi over his remarks describing India and the US as "natural partners", asking whether they are so natural that President Donald Trump has declared on "over 35 different occasions" that he brought about the India-Pakistan "ceasefire" using trade as the instrument of leverage. The opposition party's dig came after Prime Minister Modi reacted warmly to US President Trump's positive assessment of trade talks between the two countries, expressing confidence that the ongoing negotiations will pave the way for unlocking the limitless potential of the partnership between them. Congress general secretary in-charge communications Jairam Ramesh said, "Prime Minister Modi has told President Trump that India and the US are 'natural partners.' The question is now this: Are they so natural that President Trump has declared on over 35 different occasions that he brought about the India-Pakistan ceasefire on the evening of May 10th

From exporters to bond traders, RBI facing increasing calls to step in

It's a familiar pattern: when local or global forces threaten market equilibrium, the Reserve Bank of India is typically expected to step in

Navarro decries India's 'keyboard minions' after community notes on X posts

Peter Navarro's continued attack on India comes days after he was fact-checked on X for his post accusing India of fuelling Russia's war machine in Ukraine

India, US natural partners: Modi on Trump's pitch to resume trade talks

PM Modi welcomed Trump's offer to resume trade talks, even as ties remain strained over Washington's 50% tariffs on Indian imports linked to Russian oil purchases

Trump's tariffs seen cutting into China sales of US companies, survey finds

Many US companies operating in China expect their sales to take a hit this year from US President Donald Trump's tariffs and the ones that China has imposed in response, according to an annual survey released Wednesday by the American Chamber of Commerce in Shanghai. Nearly two-thirds of the 254 companies who responded said the new tariffs have reduced expected revenues for their China operations in 2025. About one-third, many in banking and other industries that don't import from or export to the US, don't expect any impact. Trump has imposed an additional 30 per cent tax on imports from China, after raising them at one point to 145 per cent before the two countries agreed in May to scale back a tit-for-tat tariff war. China has responded with a 10 per cent tax on US imports. The tariffs hit companies that export to the US and those that import American parts or ingredients for their production in China, such as chemical companies, Shanghai chamber leaders said. Tariffs have had a

Mexico proposes new import taxes on 1,400 products to boost production

Mexico's government submitted a budget proposal Tuesday that would impose new import taxes on more than 1,400 products many from Asian nations to strengthen national production at a time when the United States is pressuring its North American trade partner to present a united front against China. Treasury Secretary dgar Amador did not mention China specifically, but said that the proposed 2026 budget will affect countries with which we do not have a commercial treaty. The tariffs will be within the guidelines of the World Trade Organisation and the Mexican government would be sensitive to any impacts on production or prices, he said. Amador did recognise that the measures are happening within the discussion and future commercial conversations with our North American partners, but insisted the goal was strengthening domestic production and consumption, as well as reducing trade deficits. Mexico has been engaged in increasingly difficult trade negotiations with the Trump ...

Trump urges EU to impose 100% tariffs on India, China to pressure Russia

If adopted, Trump's proposal would mark a significant shift for the EU, which has so far relied on sanctions rather than tariffs to isolate Russia

US Supreme Court speeds up hearing on Trump's powers to impose high tariff

The Supreme Court on Tuesday granted an unusually quick hearing on whether President Donald Trump has the power to impose sweeping tariffs under federal law. The justices will hear arguments in November, lightning fast by the typical standards of the nation's highest court. The small businesses and states that challenged the tariffs in court also agreed to the accelerated timetable. They say Trump illegally used emergency powers to set import taxes on goods from nearly every country in the world, nearly driving their businesses to bankruptcy. Two lower courts have found most of the tariffs were illegally imposed, though a 7-4 appeals court has left them in place for now. The Trump administration asked the justices to intervene quickly, arguing the law gives him the power to regulate imports and the country would be on the brink of economic catastrophe if the president is barred from exercising unilateral tariff authority. The case will come before a court that has been reluctant t

Global trade tensions a threat for domestic ferro alloys sector: IFAPA

Growing trade tensions at global level pose a major threat for the domestic ferro alloys sector, which has raised production capacity over the years, apex industry body IFAPA said urging the government for its intervention. Ferro alloys like silico manganese and ferro chrome, etc, are used by steel makers as deoxidisers and alloying agents, to improve properties like hardness, strength, corrosion resistance, and wear resistance of the commodity. "The domestic ferro alloys industry has raised its productive capacity as well as export potential significantly over the years. However, weakening steel production globally, trade barriers and safeguards and upcoming carbon border taxes pose a major threat to exports, especially for India," Manish Sarda, Chairman, Indian Ferro Alloy Producers' Association (IFAPA) told PTI. India is the world's top exporter of manganese alloys and the third-largest supplier of ferro chrome, he said, adding that this threat or challenge, call it what you will