Page 32 - Latest Updates on Trump tariffs

Putin to visit India in December as ties deepen amid US tariffs: Kremlin

PM Modi and Putin will also meet on the sidelines of the Shanghai Cooperation Organisation (SCO) Summit in China's Tianjin, scheduled for August 31 to September 1

Stock market close highlights: Jio IPO set for 2026; Reliance to double Ebitda by 2027; RIL down 2%

Stock market close highlights, Aug 29: Mukesh Ambani said Jio has surpassed 500 million customers and confirmed a Jio IPO planned for H1 2026

India holds informal talks with US, rules out retaliation for now

While talks on a bilateral trade deal have been postponed, the two countries continue to communicate on critical issues, including defense and foreign policy

India's shrimp exports expected to fall 15-18% as US hikes tariff: Crisil

India's shrimp export volumes are expected to contract by 15-18 per cent this fiscal following the US decision to raise import tariffs on the commodity to 58.26 per cent from August 27, a report said on Friday. This will lead to a fall in realisations even as exporters look to change their product mix and scout for alternative export destinations, the report by Crisil Ratings said. Thus, revenues, which were stagnant for the past four fiscals, will decline 18-20 per cent year-on-year this financial year despite some cushion from a surge in shipments in the first quarter in anticipation of the tariff hike. In FY25, India exported around USD 5 billion of shrimps, of which the US accounted for around 48 per cent. Lower revenues, coupled with the inability to pass on the tariff burden to customers, will erode the operating profit margin by 150-200 basis points. The combination of lower revenues and subdued margins will weaken the debt protection metrics of players, following which the

Indian economy likely grew solidly before Trump tariffs hit outlook

India's gross domestic product probably expanded 6.7 per cent in the three months to June, the first quarter of the financial year, according to the median estimate in a Bloomberg survey

'Cost of backing Putin': Senator Graham warns India on Russian oil import

India has come under increased scrutiny from Washington over its oil trade with Russia. The US, led by President Donald Trump, has imposed punitive tariffs of 50 per cent on Indian imports

Zuckerberg raised digital tax concerns with Trump before tariff vow

Trump and Zuckerberg discussed the threat of digital service taxes, which are imposed on the revenue that tech companies get from users in a particular country

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