Page 26 - Latest Updates on Trump tariffs

Two great countries will get this solved: Bessent on India-US trade ties

US Treasury Secretary warns of fresh tariffs, calls SCO 'performative'; Trump says India's high duties block US firms while it buys oil and arms from Russia

Tariff woes abate; GST reforms next growth leg: Emkay Global Financial

Emkay Global remains constructive on a consumption revival cascading from multiple fiscal and monetary stimuli

'Resist chasing rallies, stay disciplined, and let compounding work'

India's consumption story remains the most reliable theme for the next decade, says Inderbir Singh Jolly, chief executive officer at PL Wealth Management in an exclusive interview

US tariffs jolt bank stocks; Are HDFC Bank, ICICI, IndusInd Bank at risk?

Bank stocks extended losses as Nifty Bank index slipped 7% from its July peak. Analysts flag US tariff risks may hit HDFC Bank, IndusInd Bankm City Union Bank, Federal Bank

India offered to cut tariffs on US goods to 'nothing', says Donald Trump

India-US trade deal: Trump said that India does a tremendous amount of business with the US, while the US does very little with India

Stock market highlights: Sensex ends 555pts up, Nifty at 24,625; SMIDs, Auto, Consumer Durables gain

Stock market close highlights on Monday, September 1, 2025: the BSE Sensex settled 554.84pts or 0.70% higher at 80,364.49 levels, while Nifty50 ended 198.20 pts or 0.81% higher at 24,625.05 levels.

Trump plans hefty tax on imported drugs, risking higher prices, shortages

President Donald Trump has plastered tariffs on products from almost every country on earth. He's targeted specific imports, including autos, steel and aluminium. But he isn't done yet. Trump has promised to impose hefty import taxes on pharmaceuticals, a category of products he's largely spared in his trade war. For decades, in fact, imported medicine has mostly been allowed to enter the United States duty-free. That's starting to change. US and European leaders recently detailed a trade deal that includes a 15 per cent tariff rate on some European goods brought into the United States, including pharmaceuticals. Trump is threatening duties of 200 per cent more on drugs made elsewhere. Shock and awe' is how Maytee Pereira of the tax and consulting firm PwC describes Trump's plans for drugmakers. This is an industry that's going from zero (tariffs) to the potential of 200 per cent.' Trump has promised Americans he'll lower their drug costs. But imposing stiff pharmaceutical tariffs

US-India ties continue to reach new heights: US Embassy amid fallout

The post comes amid strained relations between India and the US after the Donald Trump-led administration imposed 50 per cent tariffs on Indian imports

India pushes back at US over Russian crude, calls 'laundromat' claim false

India defended its Russian oil imports, saying it followed international rules and helped keep global prices stable, rejecting US claims that it fueled the Russian war effort

Trump slams tariff ruling by court, says US could be 'completely destroyed'

US President Donald Trump criticised a court ruling that struck down most of his tariff orders, warning that US would be 'completely destroyed' without them, while one judge defended his stance

India's rise as China's economic alternative stalls under Trump's tariffs

A lurch in policy has shaken the India-U.S. economic alliance against China, leaving India little choice but to consider reversing its own strategy

US wooed India for 30 years, Trump upended ties within few months

The United States is India's largest trading partner, and the tariffs are expected to devastate businesses across a range of sectors, causing factory closings, job losses and slower growth

Best of BS Opinion: India's tariff woes will need careful handling

Today's Opinion Page is dominated by the issue of US tariffs, and what India can do to mitigate its effects. How will it impact India's GDP, and is turning to China really a wise call. Read on.

Brahmins profiteering off Indians: Trump adviser Navarro justifies tariffs

White House trade adviser Peter Navarro alleged Indian refiners profit from Russian crude, calling India a 'laundromat for the Kremlin'

Southeast Asia factories gain momentum as Japan, South Korea face slowdown

In Indonesia, output and new orders increased for the first time in five months and production in Thailand rose at the fastest pace in 13 months, according to S&P Global data

SCO stands firm against 'bullying' behaviour, says China's Xi Jinping

During his address, Jinping said that China is willing to work with all parties present at the SCO summit to take the regional security forum to a new level

Japanese firms pare growth in capital spending as Trump tariffs hit

Capex on goods excluding software gained for a fifth consecutive quarter in the three months through June, but pace of increase decelerated sharply to 0.2 per cent from 2 per cent in previous period

South Korea exports stay solid on chip demand despite Trump tariffs

Overseas shipments gained 1.3 per cent in August from a year earlier, customs data showed Monday, following a 5.8 per cent increase in July

Govt working on solutions to mitigate impact of US tariff hike: DEA secy

The government is working on an action plan to mitigate the impact of a steep tariff hike of 50 per cent imposed by the US on Indian shipments, Economic Affairs Secretary Anuradha Thakur said. "There are certain employment-heavy sectors which do have exposure to the US and to that extent may get affected. The government is well aware of that and is assessing the possible impact and working towards possible solutions," she told PTI in an interview. Besides, the Department of Economic Affairs (DEA) Secretary said the government has taken some steps and more are in the offing to perk up domestic demand, which could also provide some support to manufacturing units feeling heat of US tariffs. The government in the Budget had announced zero income tax for income up to Rs 12 lakh under the new tax regime providing substantial savings to taxpayers. The government has also announced GST reforms to be carried out in terms of rate rationalisation, which is expected to bring down prices of many

Stocks of domestic-facing firms lag despite tariff-related hedge calls

In August so far, gauges of FMCG stocks, realty, private and public sector banks have given muted returns, indicating mixed participation