Page 29 - Latest Updates on Trump tariffs

Centre extends cotton import duty exemption amid US tariff pressure

The world's second-biggest cotton producer had earlier announced an exemption on cotton imports from an 11 per cent duty until September-end and has now extended that to December 31

Ramdev calls for boycott of American products over 50% US tariffs on India

"Indian citizens should strongly oppose the 50 per cent tariffs that America has imposed on India as political bullying, hooliganism and dictatorship, said Ramdev

Indian firms delay expansion plans amid demand, trade uncertainty: BofA

Firms are focusing on paying down debt, opting for refinancing rather than expanding capacity, Shankar Subramaniam, the bank's head of India corporate banking said

Navarro calls Ukraine conflict 'Modi's war', links tariffs to Russian oil

White House adviser Peter Navarro blamed India for fuelling Russia's war, saying it could get 25% tariff relief if it halts discounted crude imports from Moscow

India Inc bonds resilient amid record trade costs from US tariffs: Barclays

Barclays says Indian corporates will face margin compression but remain supported by strong leverage, liquidity and domestic demand as US tariffs hit $55 bn exports

Weighed down by 50% US levy, Indian exporters recalibrate strategy

Vinod Kumar, president of the India SME Forum, said outreach to about 100,000 members has drawn 1,035 responses, with entrepreneurs already mapping ways to cope with the tariffs

India, US will 'come together' despite 50% tariffs: Treasury Secretary

US Treasury Secretary Scott Bessent, however, criticised India's continuous imports of Russian oil, saying that they have been profiteering from it

Trump’s tariffs take effect, H-1B visa ‘total scam’, Vaishno Devi landslide & more

US President Donald Trump’s additional 25% tariff on Indian goods took effect today, raising the total levy to 50%. Amid this, India is launching dedicated outreach programmes in 40 countries.

EAC-PM chief warns US tariffs may weigh on jobs more than GDP growth

EAC-PM S Mahendra Dev said that exporters should focus on diversification of markets, while also pushing domestic consumption

LIVE news updates: Cabinet approves India's 2030 CWG bid, says Ahmedabad ideal host

Top news updates: Catch all the latest news updates here

Uncertainties around tariffs may affect capex decisions this fiscal: Crisil

Despite the healthy corporate sheets supporting fresh investments, the imposition of the tariffs is likely to hit sentiments

Commerce ministry holds talks with exporters to counter steep US tariffs

The Commerce Ministry will hold a series of meetings this week with exporters from various sectors, including chemicals, gems and jewellery, to discuss ways to boost exports to new markets to shield industries from the steep 50 per cent US tariffs on Indian goods, an official said on Wednesday. The official also said work is progressing fast on the formulation of the Export Promotion Mission, announced in the Budget for 2025-26. "In the next 2-3 days, the ministry will meet stakeholders on the diversification of exports," the official added. The steep 50 per cent tariff on Indian goods entering the United States, which came into effect from August 27, would impact exports worth more than USD 48 billion. The sectors which would bear the brunt of the high import duties imposed by the Trump administration include textiles/ clothing, gems and jewellery, shrimp, leather and footwear, animal products, chemicals, and electrical and mechanical machinery. Sectors such as pharma, energy ...

Trump's 50% tariffs take effect today: Which sectors are in firing line?

The Donald Trump-led US administration links the 50% duty to India's Russian oil imports; sectors from textiles to seafood brace for impact

US firms show interest in Pakistan oil after Trump's claim on reserves

Trump sparked a surge of interest in Pakistan's energy potential after a social media post in July claimed the country has massive oil reserves

Trump's 50% India tariffs kick in; here's a list of countries hit by duties

The US has hit India with steep tariffs, with two 25% tranches in August, making it one of the most heavily tariffed nations among emerging markets, along with Brazil

Trump 50% tariff: How India stacks up against Asian, Latin American peers

India's effective tariff rate has soared to 50 per cent, while its peers face lesser tariffs despite their larger trade surpluses with the US

PM Modi's MEGA has become 'MAHA headache' for India: Cong on US tariffs

Taking a swipe at the government after the additional tariffs imposed by the US on India came into effect on Wednesday, the Congress said Prime Minister Narendra Modi used his supposedly winning formula of MAGA+MIGA=MEGA earlier this year but this Modi-made MEGA has now become a MAHA headache for India. Congress general secretary in-charge communications, Jairam Ramesh, said the "Trump double tariff" has come into effect, which will undoubtedly hit India's labour-intensive exports to the US -- especially textiles, gems and jewellery, leather, marine products, and engineering. "Over the last twenty four hours, the US commerce secretary has also spoken out against the H1B visa system of which the biggest beneficiaries have been Indian IT professionals," Ramesh said on X. "This has been one of the key demands of the MAGA base of President (Donald) Trump, the same MAGA which Prime Minister Modi in February this year used in his supposedly winning formula MAGA+ MIGA= MEGA. This Modi-made

US tariff shock to hit Bengal's leather, marine, and engineering exports

The additional 25 per cent tariff imposed by US President Donald Trump on India is set to deliver a major blow to West Bengal's export-driven economy, with the state's labour-intensive leather, engineering and marine sectors expecting losses ahead of the festive season, stakeholders said. The increased levies on Indian products for the country's purchases of Russian oil came into effect on Wednesday, bringing the total amount of tariff imposed on New Delhi to 50 per cent. Exporters said shipments and even production are "currently on hold", amid geopolitical headwinds, intensified by the US tariffs. According to trade estimates, the move will impact at least Rs 45,000 crore worth of Indian exports, with Bengal among the "hardest-hit" states. Labour-intensive industries are under severe pressure. In marine exports, the maximum of Bengal's annual shipments may collapse," Yogesh Gupta, regional chairman (east) of the Federation of Indian Export Organisations (FIEO) and a leading marin

Additional 25% tariff imposed by Trump on India comes into effect

The additional 25 per cent tariff imposed by US President Donald Trump on India for its purchases of Russian oil came into effect Wednesday, bringing the total amount of levies imposed on New Delhi to 50 per cent. The Department of Homeland Security (DHS), in a draft order published on Monday, said the increased levies would hit Indian products that are entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 am eastern daylight time on August 27, 2025. Trump had announced reciprocal tariffs of 25 per cent on India that came into effect on August 7, when tariffs on about 70 other nations also kicked-in. On August 7, the US president announced doubling tariffs on Indian goods to 50 per cent for India's purchases of Russian crude oil, but gave a 21-day window to negotiate an agreement. On Monday, Prime Minister Narendra Modi asserted he can't compromise on the interests of farmers, cattle-rearers, small-scale industries, cautioning "pressure on us may .

'Somebody not very happy': Fiji PM on PM Modi's resilience amid US tariffs

Rabuka revealed insights from his conversation with Prime Minister Modi during an audience interaction following his lecture on 'Ocean of Peace' at Sapru House