Page 22 - Latest Updates on Trump tariffs

US may cut tariff to 10-15%, penal duty likely to go: CEA Nageswaran

Chief Economic Advisor V Anantha Nageswaran said, according to his intuition, the penal tariff was unlikely to continue beyond November 30

'Very close to Modi, but sanctioned India': Trump on 50 per cent tariffs

The Trump administration has imposed a 50 per cent tariff on India, including a 25 per cent punitive duty for purchasing Russian oil

Tariff issue with US may be resolved in 8-10 weeks: CEA Nageswaran

CEA V Anantha Nageswaran said India and the US could resolve their tariff dispute within 8-10 weeks, as both sides hold talks and look to improve ties

Gokaldas eyes EU growth, Africa expansion to counter Trump's tariffs

The textile manufacturer produces about 90 million garments annually, with exports to the US, Canada, the UK and France

Exports to rise 6% this year, will end year on positive note: Goyal

Commerce Minister Piyush Goyal said India's exports would grow 6% this year, despite the US' 50 per cent tariffs, adding FTAs with the EU and UAE were progressing to boost trade

Stock Market Close: Sensex rises 313 pts; Nifty at 25,330; bank, IT stocks lead

Sensex Today | Stock Market closing highlights today, September 17: In the broader market, the BSE MidCap ended up 0.08 per cent and the SmallCap finished 0.68 per cent higher

No direct impact of US tariffs on domestic industry, says steel secy

The imposition of tariffs by the US will not have a direct impact on the domestic steel industry as India's own consumption of the alloy is growing, Steel Secretary Sandeep Poundrik said on Wednesday. Besides, the exports of steel to the US is around lakh tonnes -- out of 152 million tonnes production, the senior ministry official said in a session at 'FT Live Energy Transition Summit India' in the national capital. "So, if we take direct impact on steel, it's not much because, practically speaking, we don't export much steel to the US," Poundrik said in reply to a question related to the US tariffs. Last year, India's total steel exports to the US stood at around 1,00,000 tonnes. Similarly, India does not import much steel from the US. So, the steel trade between India and the US is not very direct, he said. However, there may be some indirect impact because of the products made of steel that are traded between the two countries, Poundrik said. The domestic production of steel wa

India's exports to US dip as Trump tariffs erode competitiveness: GTRI

India's exports to the US are falling as high tariffs imposed by the Trump administration have started eroding the price competitiveness of domestic goods in Washington, think tank GTRI said on Wednesday. August shipments to the US plunged to USD 6.7 billion, down 16.3 per cent from July -- the steepest monthly fall of 2025 -- as US duties doubled to 50 per cent by month's end, it said. In July, exports dipped 3.6 per cent to USD 8 billion over June. The month of June had also seen a decline of 5.7 per cent to USD 8.3 billion over May. May 2025 was the last month of growth, as shipments to the US rose 4.8 per cent over April to USD 8.8 billion. In April, exports to the US stood at USD 8.4 billion. "The slide in exports closely tracks the rapid escalation of tariffs," Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said. Until April 4, Indian goods entered the US at normal MFN (most favoured nation) rates. From April 5, Washington imposed a universal 10 per cent tar

GSK plans $30 billion US investment as pharma tariff threat looms

The company said its new facilities will bridge R&D and manufacturing across both the US and UK, strengthening the two countries' leadership in life sciences

India, US trade dialogue moves forward after Trump softens stance

Talks between Indian and US officials in New Delhi were described as positive and forward-looking, with both sides pledging to push for an early conclusion of a trade agreement

Tariffs to slow energy transition, India mustn't give up coal: Vedanta CEO

Vedanta CEO Deshnee Naidoo said US tariffs will not broadly hit India's economy but will slow global energy transition, adding that India must continue coal use for growth

American soybean farmers face steep losses as China halts purchases

Since President Trump imposed tariffs on Chinese goods in February, Beijing has retaliated by halting all purchases of American soybeans

How China is weathering trade war with Trump amid US economic pressure

Tariffs triggered a plunge in China's exports to the United States, but its global trade surplus is larger because sales to other regions are surging

India coming to the negotiation table: Peter Navarro ahead of meeting

Peter Navarro's remarks come as the trade talks between India and the US are gaining momentum, with the US chief negotiator visiting India for a day-long meeting

US tariff of 15% on Japanese cars, auto parts to take effect from today

President Donald Trump signed an executive order to implement the deal earlier this month, setting a maximum 15 per cent tariff on most of Japan's products, including automobiles

US plan to slap tariffs on India and China risks global trade backlash

Since India has none of China's bargaining chips, Trump has found it easy to target it for buying discounted Russian oil, a threat of further punishment, however, could backfire

FIIs under-own India; consumption next rally driver: LKP Sec's Ashwin Patil

India remains under-owned: FIIs hold 19 per cent of equities, lagging emerging market averages and FIIs have broadened exposure into small-and mid-caps

US tariffs cause ₹25,000 cr loss to Andhra's shrimp industry: CM Naidu

Andhra Pradesh accounts for 80 per cent of the country's shrimp exports and 34 per cent of marine exports, valued at around ₹21,246 crore annually, Naidu said

Trump tariffs are uniting two whiskey heavyweights: Scotch and bourbon

Whiskey distillers say their industry is so intertwined that US tariffs will hurt producers on both sides of the Atlantic

We'll talk trade, but Brazil's democracy is off limits: Lula to Trump

Pushing back against Trump's 50% tariffs, Lula said trade talks are welcome-but not at the cost of Brazil's sovereignty, justice system, or democratic values