Page 3 - Latest Updates on Trump tariffs

Japan's economy contracts for first time in six quarters as exports fall

Japan's economy sank at an annualised rate of 1.8 per cent in the July-September period, government data showed on Monday, as President Donald Trump's tariffs sent the nation's exports spiralling. On a quarter-by-quarter basis, Japan's gross domestic product, or GDP, or the sum value of a nation's goods and services, slipped 0.4 per cent, in the first contraction in six quarters, the Cabinet Office said. The annualised rate shows what the economy would have done if the same rate were to continue for a year. The fall was still smaller than the 0.6 per cent drop the market had expected. A big decline during the quarter came in exports, which were 1.2 per cent down from the previous quarter. Some businesses had sped up exports, when they could, to beat the tariffs kicking in, inflating some of the earlier data for exports. On an annualised basis, exports dropped 4.5 per cent in the three months through September. Imports for the third quarter slipped 0.1 per cent. Private consumptio

Trump backs 500% tariffs on Russia trade partners: What it means for India

Donald Trump backs Senate legislation enabling tariffs of up to 500% on countries trading with Russia, a move that could significantly affect India and China

India's oil PSUs ink landmark US LPG deal covering 10% of 2026 imports

India has signed its first structured deal to buy 2.2 million tonnes of LPG from the US in 2026, a move the government says will boost supply security

Best of BS Opinion: Government must continue with trimming its QCO list

Today's Best of BS Opinion looks at Bihar's fiscal test after NDA win, pushback against QCOs, Trump's tariff stance and India's options, India Inc earnings vs GDP, and a biography of Francis Crick

Tax and tariff disruptions reshape supply chains as strategic engines: PwC

PwC India's survey says shifting tariffs, uncertainty are testing supply chain resilience, even as firms underuse AI, face rising ESG pressures and struggle to give supply chains strategic influence

US tariffs hit Indian toy exporters as orders drop, buyers shift markets

Indian toy exporters are seeing fewer US orders after higher tariffs, forcing them to cut prices, simplify packaging and redesign products as buyers turn to cheaper markets

Trump lowers tariffs on beef, coffee to reduce rising grocery prices

Donald Trump has reduced tariffs on beef, coffee and many common food items to help bring down rising grocery costs, marking a major shift in his tariff policy as Americans struggle with high prices

Trump drops tariffs on beef, coffee, tropical fruit to ease price pressure

President Donald Trump signed an executive order Friday to get rid of tariffs on a broad swath of commodities, including beef, coffee and tropical fruits. It's part of a response to pressure from consumers who complain prices are too high. The move comes after voters in off-year elections earlier this month cited economic concerns as their top issue, resulting in big wins for Democrats in races in Virginia and New Jersey.

Most emerging nations can realign trade to weather US tariffs: Report

Mexico and Vietnam are among the most exposed to US trade dependence, the paper showed, but progressive economic policies and political stability meant they were among the more resilient economies

No trade deal at cost of farmers, workers' welfare, says Piyush Goyal

India will not agree to any trade deal that harms farmers, dairy or workers, Piyush Goyal said, adding that new fish export markets like Russia are being explored

India cuts Russian crude oil buys for December amid Trump tariffs

India's reduced Russian oil orders come after the US raised tariffs on Indian imports to 50% and imposed sanctions on Russian oil giants Rosneft and Lukoil

Trump says US close to finalising India trade deal, hints at tariff cuts

US President made the comments while administering oath of office to Sergio Gor as the new US Ambassador to India, and indicated progress in ongoing trade talks, suggesting tariff cuts could follow

Trump's $2,000 'tariff dividend' for Americans may end up costing them more

Donald Trump wants to turn tariff revenue into $2,000 "dividends" for Americans but economists warn the plan could backfire, fuelling inflation and raising living costs

Stock Market close: Sensex, Nifty snap 3-day losing streak; IT shares outperform; VIX down 2%

Sensex today | Stock Market close highlights, Nov 10: In the broader markets, the Nifty MidCap index added 0.47 per cent, and the Nifty SmallCap index 0.35 per cent

'People against tariffs are fools': Trump vows $2,000 payout for Americans

US President Donald Trump defended his tariff policy, saying that every American, except the wealthy, will get a dividend of $2,000 from tariff revenues

Best of BS Opinion: India must reform QCO regime to meet global standards

Today's Best of BS Opinion analyses India's Quality Control Order overreach, dim prospects for COP30, Ajay Shah on Trump's tariff shock, and Jordan Ellenberg's review of The Great Math War

Early data shows strong resilience of Indian exports to Trump tariffs

To understand the impact of any shock, we must first measure the system correctly. Aggregate export figures have noisy components

Honda's profit slips as Trump's tariffs take toll on Japanese automakers

Honda reported Friday that its profit for the first fiscal half through September fell 37 per cent from the previous year, as the damage from President Donald Trump's tariffs offset the lift from solid motorcycle sales. Tokyo-based Honda Motor Co. recorded a 311.8 billion yen (USD2 billion) profit for April-September, down from 494.6 billion yen a year before. Sales over the six months totalled 10.6 trillion yen (USD 69 billion), down 1.5 per cent from nearly 10.8 trillion yen. Honda lowered its profit projection for the fiscal year through March 2026 to 300 billion yen (USD 2 billion), which would be a decline of 64 per cent from 835.8 billion yen the year before. It had earlier forecast a 420 billion yen (USD 2.7 billion) annual profit. Honda, which makes the Accord sedan and Odyssey minivan, said an unfavourable currency rate also hurt its bottom line, erasing 116 billion yen (USD 756 million) from its operating profit over the six months. But Honda achieved record sales in ...

Are US-India relations back to the future?

Trade wars and cold calls aside, India and the US have had tensions before; however, both bounced back stronger

Facing Trump's tariffs, Swiss farmers find themselves with too much milk

The country's dairy farmers produced a bumper harvest of milk, but higher US duties have forced them to consider ways to cut back, including slaughtering cows