Page 25 - Latest Updates on Trump tariffs

GST cut next level of reform; 2025 a tricky year for investors: Vijay Kedia

The GST reforms could revive consumption-driven sectors like automobiles, FMCG, and discretionary goods, which have been under pressure, says Kedia

'If West ignores India, global influence at risk': Finland President Stubb

Stubb appeared to take a dig at US President Donald Trump's policies, especially the high tariffs imposed on India

Trump govt asks SC to quickly take up tariffs case after appeals court loss

The Trump administration took the fight over tariffs to the Supreme Court on Wednesday, asking the justices to rule quickly that the president has the power to impose sweeping trade penalties under federal law. The government called on the court to reverse an appeals court ruling that most of President Donald Trump's tariffs were illegal under an emergency powers law. The US Court of Appeals for the Federal Circuit left the tariffs in place for now, but the administration nevertheless called on the high court to intervene quickly in a petition filed late Wednesday and provided to The Associated Press.

Indian exporters lobby RBI for weaker rupee to offset Trump tariffs

Exporters are seeking a rupee exchange rate of around 103 per dollar for US earnings, Pankaj Chadha, chairman of the Engineering Export Promotion Council of India, said

Trump says he put secondary sanctions on India for buying Russian oil

US President Donald Trump on Wednesday said he put secondary sanctions on India for buying Russian oil and indicated that he hasn't done "phase two yet or phase three." Trump, while participating in a bilateral meeting in the Oval Office with Poland's President Karol Nawrocki, appeared irritated when he was asked by a Polish reporter that he had expressed frustration and disappointment with Russian President Vladimir Putin but has not taken any action over it. "How do you know there's no action? Would you say that putting secondary sanctions on India, the largest purchaser outside of China, they're almost equal, would you say there was no action? That cost hundreds of billions of dollars to Russia. You call that no action? And I haven't done phase two yet or phase three. But when you say there's no action, I think you ought to get yourself a new job, Trump shot back at the Polish reporter. Trump said that two weeks ago, he said, If India buys, India's got big problems, and that's wh

GST council meet, CAA cut-off date extended, Gold at record-high, Trump tariffs & more

The 56th GST Council’s two-day meeting began today. Ministers from eight opposition-ruled states.

Kills us with tariffs: Trump claims New Delhi offered 'no tariff' deal

Donald Trump doubled tariffs on Indian goods to 50%, which includes an extra 25% levy for Russian oil imports, a move that New Delhi slammed as 'unjustified' and harmful to its energy security

Stock market highlights: Sensex ends 410 pts higher, Nifty at 24,715 on Day 1 of GST council meet

Stock market close highlights: India's services sector maintained its strong momentum, touching a 15-year high in August on the back of robust international demand and rising new orders.

Tariffs not a trigger point to exit equities: Equirus Asset's Sahil Shah

FII inflows will return once India's earnings growth shifts back to double digits, most likely in H2FY26, says Sahil Shah, CIO and fund manager of Equirus Asset Management

Asian shares slip after US stocks sink, Japan faces political uncertainty

Asian shares declined Wednesday, echoing a fall on Wall Street, as political uncertainty took centrestage in Japan, making for cautious trading on the Tokyo Stock Exchange. Japan's benchmark Nikkei 225 shed 0.2 per cent in morning trading to 42,222.36. The fate of Japanese Prime Minister Shigeru Ishiba has been uncertain for weeks, with calls growing both for him to resign and to remain, after a recent election defeat and the rise of fringe parties have shaken public faith in the ruling Liberal Democratic Party. Confidence was rocked further by a recent comment from Ishiba's ally, Hiroshi Moriyama, who said he was stepping down as party secretary general. The political tremor is domestic, with Prime Minister Ishiba's key power broker signalling his resignation, shaking the foundations of the ruling party, said Stephen Innes, managing partner at SPI Asset Management. Australia's S&P/ASX200 slipped 1.1 per cent to 8,800.60. South Korea's Kospi edged up 0.3 per cent to 3,181.37. Hong

Surat diamond traders express concern as 50% US tariffs hit exports

The industry, which employs over 800,000 skilled artisans, is heavily reliant on the US market, accounting for approximately 32 per cent of India's diamond exports

PM Modi's outreach to Xi, Putin signals India's policy shift toward Eurasia

India's shift ends hopes of reducing China's global economic grip through unilateral trade cuts, as New Delhi, once leading that push, is now forced to reverse course

Trump to ask US Supreme Court for expedited ruling to save tariffs

Trump told reporters that the US would appeal to the high court for relief as soon as Wednesday because "it would be a devastation for our country" if the appeals court ruling was left in place

'We get along with India very well,' says Trump, but calls trade one-sided

Trump maintained that India imposed duties of up to 100 per cent on various goods, which discouraged US firms from exporting there

Stock market close highlights: Sensex down 207pts, Nifty at 24,580; Financial, Pharma top drags

Stock market close highlights, September 2: The BSE Sensex dropped 752.64 pts from its intraday high of 80,761.14 to touch a low of 80,008.50, before settling 206.61 pts, or 0.26% lower at 80,157.88.

US tariffs: India eyes Russia, Netherlands for pharma exports' growth

India's pharmaceutical industry is currently exempt from U.S. President Donald Trump's tariffs of up to 50% but the sector has been on edge due to the uncertainty surrounding the situation

India caught between Donald Trump's betrayal and China's diplomatic charm

India faces a diplomatic rethink as Trump imposes tariffs and China reaches out, but history reminds New Delhi not to trust either blindly

India grew 7.8% in Q1 despite global economic challenges: PM Modi

In a veiled rebuttal to the 'dead economy' jibe, Prime Minister Narendra Modi on Tuesday said the Indian economy grew 7.8 per cent in the first quarter, surpassing all expectations despite global uncertainties and challenges driven by economic self-interest. Speaking at the Semicon India 2025 conference here, he said GDP growth in April-June was better than 'every expectation, hope and estimate'. Indian economic performance came amidst global uncertainties and "aarthik swarth se paida hue chunautiya hai" (challenges stemming from economic self-interest), he said. "Once again, India has outperformed every expectation, every estimate, and every forecast," Modi said. While economies around the world are facing concerns and challenges driven by economic self-interest, India has achieved a growth rate of 7.8 per cent. Modi emphasized that this growth is visible across all sectors -- manufacturing, services, agriculture, and construction -- with enthusiasm evident everywhere, and added

Xi, Putin meet in Beijing to reaffirm 'old friend' ties amid US tariffs

Chinese leader Xi Jinping welcomed Russian President Vladimir Putin as an old friend as the two began a series of meetings Tuesday at a time when their countries face both overlapping and differing challenges from the United States. Relations between China and Russia have deepened in recent years, particularly after the Russian invasion of Ukraine in early 2022. Putin addressed Xi as dear friend and said that Moscow's ties with Beijing are at an unprecedentedly high level. Following their formal talks, they planned to have another meeting over tea with some of their top aides. The talks come the day after both attended a summit of the Shanghai Cooperation Organisation in the nearby Chinese city of Tianjin, and the day before a grand Chinese military parade in Beijing to mark the 80th anniversary of the end of World War II. The Soviet Union was neutral for much of the war in Asia, but provided assistance to China in earlier fighting against invading Japanese forces in the 1930s. It

Trump sidelined India to do family business with Pakistan: Ex-Biden adviser

Ex-Biden adviser Jake Sullivan accused Trump of undermining US-India ties to favour Pakistan for family business, warning of global trust erosion