Page 28 - Latest Updates on Trump tariffs

US chokes off e-commerce tsunami by closing 'de minimis' loophole

A US trade provision dating to the 1930s, which eventually cleared the way for more than a billion small parcels each year, ends on Friday

India's economy resilient but US trade policies a risk: RBI bulletin

Average headline inflation, meanwhile, is seen remaining significantly below the central bank's target of 4 per cent this financial year, according to the RBI bulletin

Navarro backs Trump tariffs, says road to Ukraine peace runs through Delhi

White House adviser Peter Navarro has accused India of funding Moscow's war through Russian oil buys, defending Trump's 50% tariffs and warning that 'the road to peace in Ukraine runs through New Del

Market complacent on tariffs; additional 25% pure hypocrisy: Nilesh Shah

If someone wants 25 per cent returns, I don't see opportunities. For high single-digit or low double-digit returns, there are plenty, says Nilesh Shah of Kotak AMC in this exclusive interview.

India must not give in to any 'bullying': MSIL's RC Bhargava on tariffs

On the domestic front, he said reducing GST on small cars could help counter the economic strain created by American tariffs

Centre planning support measures for exporters amid tariff shock: Official

The government is likely to include steps such as the rollout of an export promotion mission worth Rs 25,000 crore over six years, and a moratorium on export loans

'If India doesn't budge, neither will Trump,' says US economic advisor

US economic advisor Kevin Hassett said India-US trade talks remain "complicated", linking them to US pressure on Russia for peace and India's reluctance to open its markets to American goods

Trump tariff may hinder tyre makers' growth momentum in US: Industry body

The steep Trump tariff will severely constrain Indian tyre makers' ability to sustain the momentum established in the last few years in America, and there is a need for immediate policy support to help mitigate the adverse impact, the Automotive Tyre Manufacturers' Association (ATMA) said on Thursday. Tyre exports from India to the US will now face a tariff of 50 per cent on most categories and 25 per cent on specific categories. Competing economies such as China, Thailand, Vietnam, Cambodia and Indonesia continue to attract far lower tariffs, putting India at a distinct strategic disadvantage in its largest export market, the Automotive Tyre Manufacturers' Association (ATMA) said in a statement. "Hike in US tariffs will severely constrain the ability of Indian manufacturers to sustain export momentum established in the last few years, particularly since the US is our largest export destination," ATMA Chairman, Arun Mammen said. The Indian tyre industry has invested over Rs 28,000

US tariffs to hit nearly one-fourth of textile exports in 6 months: Experts

As the 50 per cent tariffs imposed by the US come into effect, close to one-fourth of India's textile exports may be severely impacted in the next six months, with America being the largest export market for the country's apparel industry and exporters grappling with order cancellations, experts said on Thursday. However, the extension of duty-free import of cotton by three more months till December 31 is expected to bring some much-needed relief to the domestic textile industry, as it looks to mitigate the impact of the steep tariffs by re-orienting its export strategy and exploring alternate destinations other than the US, by leveraging India's existing free trade agreements (FTAs). "We are looking at a hit of at least 20-25 per cent for the next six months, if I am considering some amount of re-orientation to be done because otherwise the figure is 28 per cent of exports, largely apparel and made-ups," Confederation of Indian Textile Industry (CITI) Secretary General Chandrima ...

Stock market closing highlights: Tariff worries drag Sensex 706 pts; Nifty 24,501; FMCG, IT slide

Sensex Today | Stock market closing highlights: In the broader markets, Nifty MidCap 100 and SmallCap 100 closed 1.27 per cent and 1.45 per cent lower, respectively

India should rethink Russian oil imports as US tariffs hit: Raghuram Rajan

Former RBI governor Rajan pointed out that refiners have been earning excess profits from importing Russian oil, while exporters have taken a hit due to tariffs imposed by the US

Trump tariffs take the shine off Indian diamonds, expect 30% revenue cut

Crisil Ratings warns Indian diamond polishers face their worst year since 2007, with FY26 revenues projected to shrink to $12.5 billion after Trump's 50% tariff shock

US tariffs to worsen India's solar panel glut as domestic bidding slows

India's awards of solar generation projects and new tenders slowed dramatically in the quarter ended June

India must impose higher tariffs on US imports, says Arvind Kejriwal

Aam Aadmi Party's national convener Arvind Kejriwal on Thursday demanded that India impose higher tariffs on US imports, asserting that the whole country will support this decision. Addressing a press conference, Kejriwal alleged that the BJP-led Central government has decided to waive off 11 per cent duty on cotton imported from the US, which could impact the business of local farmers here. There was no immediate reaction from the Central government. The AAP chief said that Prime Minister Narendra Modi's decision could prove detrimental for India's farmers. He demanded that the government impose higher tariffs on US imports. "Other countries did not bow down. They imposed higher tariffs. We should also impose higher tariffs. If the US is imposing 50 per cent tariffs, we should double the tariffs to 100 per cent. The whole country will support this decision. No country can afford to offend India. We are a nation of 140 crore people," he said.

Govt extends duty-free cotton imports till Dec 31 to aid textile exporters

The Finance Ministry has extended duty exemption on cotton till December 2025 to ease raw material supply, support garment exporters and cushion the impact of US tariffs on RMG

Avanti, Apex Frozen & other shrimp stocks fall up to 12% on tariff woes

Shrimp exporters stock tank up to 12 per cent after 50 per cent tariffs imposed by the US came into effect; check key details here

STMAI urges govt to act against surge of low-cost Chinese pipe imports

Seamless Tube Manufacturers' Association of India (STMAI) on Thursday said the country has sufficient capacity of seamless pipes and tubes to meet domestic demand and urged the government to implement strict measures to curb influx of low-cost Chinese pipe imports to safeguard the domestic industry. According to the STMAI President Shiv Kumar Singhal, the domestic seamless pipes and tubes industry has an installed capacity of approximately 1.95 million metric tonnes (MMT) -- more than sufficient to meet the total Indian demand of 1.32 million metric tonnes. Despite strong support from the government through various safeguard measures to protect the domestic seamless pipe industry, Chinese pipe imports have increased exponentially over time -- particularly in the last 3-4 years, he said. However, these efforts have proven largely ineffective in curbing imports from China, he explained. Chinese importers are reportedly declaring inflated invoice values at the time of customs clearanc

Trump slammed for 50% tariff on India while sparing China over Russian oil

Democrats say Trump's new tariff on India is unfair and politically motivated, accusing him of letting China off the hook despite being the top buyer of Russian crude oil

'Not worried about rupee becoming a reserve currency': US Secy Bessent

As Trump tariffs hit India's trade, US Treasury Secretary Scott Bessent shot down talk of the rupee gaining 'reserve' status, citing its weakness versus the dollar

Why India's Russian oil imports sparked US tariffs amid Ukraine peace talks

White House trade adviser Peter Navarro said India's purchases of Russian crude were funding Moscow's war in Ukraine and had to stop