Page 23 - Latest Updates on Trump tariffs

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

Wheat, Bombs & Fetters: How India fought off US sanctions in the 1970s

Indian audiences are now viewing 'The Hegemonic America Part 3': PL 480. Uranium 235. 50 per cent Tariffs

Kolkata leather units hit by US tariffs, eye UK and EU markets for relief

With US tariffs on leather products doubled to 50%, exporters in Kolkata face shrinking orders and margin pressure, while betting on UK and EU deals for recovery

Govt exploring alternative export markets to shield farmers from US tariffs

The government is actively exploring alternative export destinations and import substitution strategies to protect farmers from the impact of US tariffs, D K Yadava, Deputy Director General (Crop Science) at the Indian Council of Agricultural Research (ICAR), said on Monday. "The government is trying to have all alternatives to protect the interests of farmers. As far as exports are concerned, the concerned ministries are already exploring alternative countries for the export of various commodities," Yadava said at a media briefing about the ongoing event 'Dialogue Next' organised by the US-based World Food Prize Foundation for the first time in India. The remarks came in the backdrop of the Trump administration imposing a steep 50 per cent tariff on Indian goods entering America. On imports of genetically modified soybean and maize, as well as milk and milk products, Yadava said the government has "a very clear stand" and is identifying alternative import sources. The official sai

China's export growth slows in August amid US tariffs, trade tensions

China's exports grew last month but at a slower pace than in recent months, the country's customs agency said Monday. Exports reached $321.8 billion in August, a 4.4% increase compared to the same month last year. That was down from a 7.2% jump in July. Meanwhile, imports totalled $219.5 billion, a 1.8% rise. China's large trade surplus has become a contentious issue with major trading partners including the US and the European Union. Low-priced Chinese imports are a boon for consumers but can lead to job cuts in manufacturing. In the first eight months of the year, China's exported $785.3 billion more in goods and services than it imported from other countries, the monthly customs data showed. President Donald Trump has imposed 30% in additional tariffs on imports from China since taking office early this year. He backed down from even higher tariffs after China retaliated with import taxes of its own. The two countries are in talks to try to reach a trade agreement. The tariffs

US 'right' to impose tariffs on trade partners of Russia, says Zelenskyy

Ukrainian President Volodymyr Zelenskyy said imposing tariffs on countries like India trading with Russia is the right step, commenting amid oil trade tensions and Russia's biggest air assault

'Unfair and unreasonable': China envoy slams US on tariffs against India

China's Ambassador to India said that Beijing and New Delhi should make greater contributions to safeguarding world peace, promoting common development, and improving global governance

Stock Market Close: Sensex adds 76 pts, Nifty at 24,773; auto stocks outperform; Tata Motors up 4%

Sensex Today | Stock Market Highlights, Sept 8: Auto stocks outperformed the broader markets as the Nifty Auto index gained 3 per cent, led by Bharat Forge, Ashok Leyland, Motherson Sumi, Tata Motors

Nissan Motor cuts Magnite prices by up to ₹1 lakh to pass on GST benefits

Nissan Motor India on Monday said it has cut prices of its compact SUV Magnite by up to Rs 1 lakh to pass on the GST rate cut benefit to customers. The revised pricing will be effective on all deliveries made on or after September 22, 2025, coinciding with the first day of Navratri, the automaker said in a statement. However, customers can start booking at the new prices immediately across all authorised Nissan dealerships nationwide, it added.

Tariffs on Russian oil buyers can bring Putin to table, says Trump official

US Treasury chief Scott Bessent urged Washington and Europe to tighten oil tariffs, saying joint action could weaken Russia's economy and push President Putin towards peace talks

India treads with caution as Trump softens rhetoric after trade tensions

Trump said at the White House on Friday there was nothing to worry about with US-India ties and the two countries had a special relationship

Trump hints he's ready to impose second phase of sanctions against Russia

Donald Trump has already imposed a 25 per cent penalty on India for buying Russian crude, coupled with a 25 per cent secondary tariff

Navarro's India post gets fact-checked on X, Musk says 'you hear all sides'

Peter Navarro's post blaming India over Russian oil imports was flagged by X's community notes, sparking his angry response, while Elon Musk defended the platform's fact-check system

Trump's aide Navarro criticises India again over Russian oil purchases

White House trade adviser Peter Navarro has once again criticised India for continuing to procure Russian oil. In the last few weeks, Navarro has made a series of attacks on New Delhi for its energy ties with Russia. "Wow. @elonmusk is letting propaganda into people's posts. That crap note below is just that. Crap. India buys Russia oil solely to profiteer. It didn't buy any before Russia invaded Ukraine. Indian govt spin machine moving high tilt. Stop killing Ukrainians. Stop taking American jobs," Navarro said in a post on X on Saturday. India has been maintaining that its energy procurement is driven by national interest and market dynamics. Navarro was responding to a community note on his earlier post in which he had claimed that India's purchase of Russian oil "feeds" the Russian "war machine". "India highest tariffs costs US jobs. India buys Russian oil purely to profit/Revenues feed Russia war machine. Ukrainians/Russians die. US taxpayers shell out more. India can't hand

PM values our partnership with the US, says Jaishankar on India-US ties

External Affairs Minister S Jaishankar said India remains engaged with the US as PM Modi welcomed Donald Trump's praise of bilateral ties, calling the partnership forward-looking

Modi hails Trump's comments, says India-US ties are positive, strategic

PM Narendra Modi says he 'fully reciprocates' Donald Trump's positive view of India-US ties, while Trump calls ties 'special' but criticises India's Russian oil purchases

Trump signs tariff order, may grant 'most-favoured nation' rates on imports

The order lists over 45 categories of goods that could get zero tariffs if partner nations strike reciprocal trade deals, covering metals, drugs, aircraft parts and other imports

Small businesses urge US Supreme Court to fast-track Trump tariff case

In a court filing Friday, the companies said they support expedited review because they are 'suffering severe economic hardships as a result of the price increases and supply chain interruptions'