Page 30 - Latest Updates on Trump tariffs

'We get along with India very well,' says Trump, but calls trade one-sided

Trump maintained that India imposed duties of up to 100 per cent on various goods, which discouraged US firms from exporting there

Stock market close highlights: Sensex down 207pts, Nifty at 24,580; Financial, Pharma top drags

Stock market close highlights, September 2: The BSE Sensex dropped 752.64 pts from its intraday high of 80,761.14 to touch a low of 80,008.50, before settling 206.61 pts, or 0.26% lower at 80,157.88.

US tariffs: India eyes Russia, Netherlands for pharma exports' growth

India's pharmaceutical industry is currently exempt from U.S. President Donald Trump's tariffs of up to 50% but the sector has been on edge due to the uncertainty surrounding the situation

India caught between Donald Trump's betrayal and China's diplomatic charm

India faces a diplomatic rethink as Trump imposes tariffs and China reaches out, but history reminds New Delhi not to trust either blindly

India grew 7.8% in Q1 despite global economic challenges: PM Modi

In a veiled rebuttal to the 'dead economy' jibe, Prime Minister Narendra Modi on Tuesday said the Indian economy grew 7.8 per cent in the first quarter, surpassing all expectations despite global uncertainties and challenges driven by economic self-interest. Speaking at the Semicon India 2025 conference here, he said GDP growth in April-June was better than 'every expectation, hope and estimate'. Indian economic performance came amidst global uncertainties and "aarthik swarth se paida hue chunautiya hai" (challenges stemming from economic self-interest), he said. "Once again, India has outperformed every expectation, every estimate, and every forecast," Modi said. While economies around the world are facing concerns and challenges driven by economic self-interest, India has achieved a growth rate of 7.8 per cent. Modi emphasized that this growth is visible across all sectors -- manufacturing, services, agriculture, and construction -- with enthusiasm evident everywhere, and added

Xi, Putin meet in Beijing to reaffirm 'old friend' ties amid US tariffs

Chinese leader Xi Jinping welcomed Russian President Vladimir Putin as an old friend as the two began a series of meetings Tuesday at a time when their countries face both overlapping and differing challenges from the United States. Relations between China and Russia have deepened in recent years, particularly after the Russian invasion of Ukraine in early 2022. Putin addressed Xi as dear friend and said that Moscow's ties with Beijing are at an unprecedentedly high level. Following their formal talks, they planned to have another meeting over tea with some of their top aides. The talks come the day after both attended a summit of the Shanghai Cooperation Organisation in the nearby Chinese city of Tianjin, and the day before a grand Chinese military parade in Beijing to mark the 80th anniversary of the end of World War II. The Soviet Union was neutral for much of the war in Asia, but provided assistance to China in earlier fighting against invading Japanese forces in the 1930s. It

Trump sidelined India to do family business with Pakistan: Ex-Biden adviser

Ex-Biden adviser Jake Sullivan accused Trump of undermining US-India ties to favour Pakistan for family business, warning of global trust erosion

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.