Page 31 - Latest Updates on Trump tariffs

Biostimulant Industry Federation urges govt action on trade barriers

The National Biostimulant Industry Federation (NBIF) on Sunday called for urgent government intervention to address regulatory bottlenecks in the domestic market and high tariffs abroad, which are hampering the sector's growth potential. NBIF urged the Prime Minister Narendra Modi's office to coordinate reforms across key ministries to support an industry valued at Rs 40,000 crore and comprising over 5,000 small and medium enterprises. Indian biostimulant exporters face tariffs of 15-28 per cent in key global markets, along with non-tariff barriers, including origin-specific efficacy trials and residue testing requirements, NBIF said in a statement. The absence of mutual recognition agreements with major trading blocs, like the European Union and ASEAN, compounds these challenges. Domestically, the industry is grappling with regulatory ambiguity and delays in product approvals under India's Fertiliser Control Order, with no dedicated testing protocols for natural substances like ..

Indian envoy discusses fair trade with US lawmakers amid tariff tensions

Indian envoy Vinay Mohan Kwatra discussed fair, balanced and mutually beneficial trade ties with US lawmakers amid ongoing tariff tensions between New Delhi and Washington. The Indian Ambassador has met four US lawmakers in the last 24 hours and 23 since August 9, as revealed by his social media posts. Kwatra met Congressman Rep Joe Courtney, Ranking Member of the Subcommittee on Seapower and Projection Forces, on Saturday (local time) and thanked him for supporting the bilateral partnership between the two countries. Highlighted our perspectives on trade and economic cooperation, including the need for fair, balanced and mutually beneficial trade ties, Kwatra posted on social media. He also had a productive discussion with Congressman Gabe Amo, Vice Ranking Member of the House Foreign Affairs Committee Democrats. He appreciated Amo's support for the bilateral ties and shared perspectives on the importance of fair, balanced and mutually beneficial trade engagements, said his soc

European postal services suspend shipment of packages to US over tariffs

The end of an exemption on tariff duties for low-value packages coming into the United States is causing multiple international postal services to pause shipping as they await more clarity on the rule. The exemption, known as the de minimis" exemption, allows packages worth less than $800 to come into the U.S. duty free. A total of 1.36 billion packages were sent in 2024 under this exemption, for goods worth $64.6 billion, according to data from the US Customs and Border Patrol Agency. It is set to expire on Friday. On Saturday, postal services around Europe announced that they are suspending the shipment of many packages to the United States amid confusion over new import duties. Postal services in Germany, Denmark, Sweden and Italy said they will stop shipping most merchandise to the U.S. effective immediately. France and Austria will follow on Monday. The U.K.'s Royal Mail said it would halt shipments to the US on Tuesday to allow time for those packages to arrive before duties

India Post temporarily suspends services to US over customs rule confusion

People can still send letters, documents, and gift items worth up to $100

India shifts focus to EU as US tariffs stall bilateral trade negotiations

With US tariffs squeezing exports and trade talks stalled, India banks on the UK FTA to push forward EU negotiations, covering autos, wines, procurement and digital trade

The importance of being Sergio Gor, Trump's new Ambassador to India

The fact that Gor has President Trump's ear makes him an extremely valuable commodity for India - he represents both a challenge and an opportunity

Jaishankar slams US tariffs, says India will protect farmers' interests

External Affairs Minister S Jaishankar criticised US tariffs on Indian goods, saying India will protect the interests of farmers and small producers while maintaining its national priorities

UP scouts new markets as US tariffs hit textiles, jewellery and leather

Uttar Pradesh looks to Latin America, Europe, Africa and South-East Asia for exports as US tariffs squeeze textiles, jewellery and leather, with a new policy aiming Rs 5 trillion exports by 2030

This round of American exceptionalism is mediocre at best, despite rebound

A lazy interpretation is that critics were simply wrong about the Trump agenda

Sensex falls 700 pts, Nifty below 25k: Why are stock markets falling today?

The BSE Sensex tumbled 571 points in the intraday to hit a low of 81,429.33. The NSE Nifty50 also slipped below the 25,000 mark

Road to Russia-Ukraine peace goes through Delhi: US Trade Adviser Navarro

White House trade adviser Navarro also said that New Delhi is acting as a "laundromat for the Kremlin" by purchasing discounted Russian crude oil, refining it, and selling the products

Global postal services halt US parcels as de minimis tariff deadline nears

As of Aug 29, President Donald Trump is ending the so-called de minimis exemption that has applied to more than 4 million parcels processed by US Customs and Border Protection each day

Tariff worries? Allocate 40-50% to Sensex or Nifty basket: G Chokkalingam

The continued normal monsoon, falling inflation, and the S&P Global Ratings upgrade also contributed to the market recovery despite the US tariff threats, said Chokkalingam

Jaishankar calls out West's double standards on Russian energy purchases

India's External Affairs Minister S Jaishankar said that the US itself had encouraged India to stabilise the world energy market by continuing to buy crude oil from Russia

Indian firms face Asia's biggest earnings downgrades on tariff risk: Report

The cuts follow a lacklustre season of quarterly earnings reports extending a bout of weakness among listed firms which kicked off last year and has hurt benchmark equity indexes

Russia invites Indian exports as US tariffs hit trade, defends oil ties

Russia said Indian goods are welcome in its market as the US raises tariffs; a top Russian diplomat defended India's oil imports and called Western sanctions unfair and one-sided

MSMEs in textiles, diamonds, chemicals to be most hit by US tariffs: Report

The imposition of higher tariffs by the US will significantly impact the micro, small and medium enterprise sector, which accounts for around 45 per cent of India's exports, while MSMEs in textiles, diamonds and chemicals are likely to be the most hit, a report by CRISIL Intelligence said. The US levies ad valorem duty of 25 per cent on Indian goods. However, it has imposed an additional 25 per cent tariff which will be effective from August 27 this year. This brings the total tariffs to 50 per cent, which will have a meaningful impact on several sectors in India, the report said. Textiles, gems and jewellery, which account for 25 per cent of India's exports to the US, are likely to be most affected. The MSMEs have more than 70 per cent share in these sectors and will be hit hard, the report said. Another sector which is likely to face the heat is chemicals, where MSMEs have a 40 per cent share. The gems and jewellery sector at Surat in Gujarat, which dominates diamond exports, wil

Trump imposed tariffs on India to deter Russia's war in Ukraine: Leavitt

Trump doubled India's tariff rate to 50 per cent for its continuous purchase of Russian energy at a time when the US President has been trying to broker a ceasefire deal between Russia and Ukraine

US tariffs: Fitch cautions rising second-order risks may hit India Inc

Fitch says Indian pharma, oil marketing companies and auto exporters face downside risks from US tariffs, with Biocon and HPCL-Mittal flagged as vulnerable

Trump tariffs get seal of approval as S&P affirms AA+ credit rating

The decision offers a glimmer of good news for Trump, who has pushed back against arguments that his historic program of tariffs will damage the US economy