Page 27 - Latest Updates on Trump tariffs

A cooling deal - how tariffs affect the future of India-US strategic ties

US President Donald Trump's India tariffs could recast bilateral defence relationship

Trump's Nobel ego trip and 50% tariff penalty: What hurt US-India ties?

A testy Trump-Modi phone call over Pakistan ceasefire and Nobel claim may have strained India-US relations, according to a report by the New York Times

Gems, jewellery exporters seek govt relief as US tariffs hit industry

The Gems and Jewellery Export Promotion Council (GJEPC) has urged the Centre to provide immediate relief measures as the tariffs imposed by the United States have started hitting the industry. US tariffs of 50 per cent on Indian goods came into effect on August 27. GJEPC Executive Director Sabyasachi Ray told PTI that exporters had "front-loaded" shipments to the US, anticipating tariff action, but the unexpected penal duty has left the industry reeling. "The market will be hit further if the concerns are not addressed within a quarter. A lot of demand had already been shipped to the US market before the tariff was implemented. "Now the industry requires immediate extension of credit timelines from 90 days to say 180 days or more, moratorium in installment payment and interest equalisation to provide respite immediately," he said. Front-loading is the accelerated shipment of goods to their destination before an expected disruption, such as a tariff increase, labour strike, or othe

Japanese minister halts visit after Trump demands Japan buy rice from US

Japan has cancelled a planned visit to Washington amid tensions over US demands for Tokyo to increase American rice imports

Govt working overtime to cushion export sectors against US tariffs: CEA

Chief Economic Advisor (CEA) Anantha Nageswaran on Saturday said the central government, along with various stakeholders, are actively working overtime to cushion export sectors in view of the recent imposition of an additional 25 per cent tariff by the United States. The US has imposed a steep 50 per cent tariff on Indian goods entering America from August 27. Nageswaran highlighted that crises, whether minor or major, often act as catalysts, providing focus and purpose for all segments of societyincluding the government, private sector, and householdsto undertake necessary actions that might otherwise have been delayed. Since the tariffs took effect, "Conversations have been happening in the last three to four days", involving various exporting and representative bodies, private sector export promotion agencies, and the ministry, he said. Nageswaran, speaking virtually at ICC organised event, said that the ministries and the Ministry of Finance are "working overtime" to formulate

Govt should allocate ₹2,500 cr for exporters to join MAI exhibitions: GTRI

Expressing concern over decline in export promotion funding, economic think tank GTRI said on Saturday said the government should consider allocating Rs 2,500 crore for exporters to participate in global exhibitions under the Market Access Initiative (MAI), which has not received any funds this fiscal. It said that exporters have missed critical opportunities between April and August to participate in overseas fairs. "With a modest budget of only Rs 250 crore in past years, the scheme was already too small for a USD 440 plus billion export economy. It must be revived with a scaled-up budget of Rs 2,500 crore annually, with funds released at least a year in advance to allow Indian firms to secure high-visibility slots at global fairs," Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said. He also called for resumption of Interest Equalisation Scheme (IES), immediate roll out of the Export Promotion Mission (EPM), and E-commerce Export Hubs to boost exports amid 50 pe

US criticism of India over Ukraine 'deeply troubling', says Jewish group

American Jewish Committee defends India over Russian oil purchases, urging Washington to reset ties after Trump's tariffs and Peter Navarro's "Modi's war" remarks

What happens to Trump's tariffs now that US appeals court calls it illegal?

President Donald Trump has audaciously claimed virtually unlimited power to bypass Congress and impose sweeping taxes on foreign products. Now a federal appeals court has thrown a roadblock in his path. The US Court of Appeals for the Federal Circuit ruled Friday that Trump went too far when he declared national emergencies to justify imposing sweeping import taxes on almost every country on earth. The ruling largely upheld a May decision by a specialised federal trade court in New York. But the 7-4 appeals court decision tossed out a part of that ruling striking down the tariffs immediately, allowing his administration time to appeal to the US Supreme Court. The ruling was a big setback for Trump, whose erratic trade policies have rocked financial markets, paralysed businesses with uncertainty and raised fears of higher prices and slower economic growth. Which tariffs did the court knock down? The court's decision centres on the tariffs Trump slapped in April on almost all US tr

US court finds Trump's tariffs 'illegal', but levies in place for now

Federal judges ruled Trump exceeded authority by invoking emergency law, but tariffs remain in place pending further appeals to the Supreme Court

Trump's 50% tariffs on India risk straining bilateral ties beyond trade

India may resent Trump's tariffs, but with careful diplomacy they could be seen as temporary steps to rebalance ties while reforms and openness progress at India's own pace

US appeals court rules Trump's tariffs illegal, but keeps them in place

A federal appeals court ruled Friday that President Donald Trump had no legal right to impose sweeping tariffs on almost every country on earth but left in place for now his effort to build a protectionist wall around the American economy. The US Court of Appeals for the Federal Circuit ruled Trump wasn't legally allowed to declare national emergencies and impose import taxes on almost every country on earth, a ruling that largely upheld a May decision by a specialised federal trade court in New York. It seems unlikely that Congress intended to ... grant the President unlimited authority to impose tariffs, the judges wrote in a 7-4 ruling. But they did not strike down the tariffs immediately, allowing his administration time to appeal to the Supreme Court. The president vowed to do just that. If allowed to stand, this Decision would literally destroy the United States of America, Trump wrote on his social medial platform. White House spokesman Kush Desai said Trump had acted lawfu

Will come up with measures to expand India's presence in global mkts: Goyal

The Union minister exuded confidence that the measures will ensure that India's exports in the current financial year will exceed that of last year's

Impact of 50% US tariff would be concentrated in Q2: CEA Nageswaran

The CEA said that while it was difficult to calculate the precise impact of the US tariff on the growth at this point, the removal of uncertainty can unleash higher growth in the coming quarters

Putin to visit India in December as ties deepen amid US tariffs: Kremlin

PM Modi and Putin will also meet on the sidelines of the Shanghai Cooperation Organisation (SCO) Summit in China's Tianjin, scheduled for August 31 to September 1

Stock market close highlights: Jio IPO set for 2026; Reliance to double Ebitda by 2027; RIL down 2%

Stock market close highlights, Aug 29: Mukesh Ambani said Jio has surpassed 500 million customers and confirmed a Jio IPO planned for H1 2026

India holds informal talks with US, rules out retaliation for now

While talks on a bilateral trade deal have been postponed, the two countries continue to communicate on critical issues, including defense and foreign policy

India's shrimp exports expected to fall 15-18% as US hikes tariff: Crisil

India's shrimp export volumes are expected to contract by 15-18 per cent this fiscal following the US decision to raise import tariffs on the commodity to 58.26 per cent from August 27, a report said on Friday. This will lead to a fall in realisations even as exporters look to change their product mix and scout for alternative export destinations, the report by Crisil Ratings said. Thus, revenues, which were stagnant for the past four fiscals, will decline 18-20 per cent year-on-year this financial year despite some cushion from a surge in shipments in the first quarter in anticipation of the tariff hike. In FY25, India exported around USD 5 billion of shrimps, of which the US accounted for around 48 per cent. Lower revenues, coupled with the inability to pass on the tariff burden to customers, will erode the operating profit margin by 150-200 basis points. The combination of lower revenues and subdued margins will weaken the debt protection metrics of players, following which the

Indian economy likely grew solidly before Trump tariffs hit outlook

India's gross domestic product probably expanded 6.7 per cent in the three months to June, the first quarter of the financial year, according to the median estimate in a Bloomberg survey

'Cost of backing Putin': Senator Graham warns India on Russian oil import

India has come under increased scrutiny from Washington over its oil trade with Russia. The US, led by President Donald Trump, has imposed punitive tariffs of 50 per cent on Indian imports

Zuckerberg raised digital tax concerns with Trump before tariff vow

Trump and Zuckerberg discussed the threat of digital service taxes, which are imposed on the revenue that tech companies get from users in a particular country