Page 33 - Latest Updates on Trump tariffs

Indian solar panel exporters on edge as US launches anti-dumping probe

US initiates anti-dumping and countervailing duty investigations on Indian solar exports, adding pressure to shipments already facing 50% tariffs

Indian refiners scour globe for more oil ahead of Trump-Putin summit

India's state processors have bought large volumes of non-Russian crude this week for prompt September-October delivery

Trump turns ally investments into $10 trillion US 'sovereign wealth fund'

Trump's trade policy could channel over $10 trillion into US factories by linking tariff relief for allies to targeted investments in critical industries

If India becomes strong in every sector, world will listen to it: Gadkari

Union minister Nitin Gadkari on Thursday pitched for making India a super power and "vishwaguru", saying the world would certainly listen to India if it becomes strong in every sector. The road transport and highways minister was addressing a gathering at a programme to mark 'Akhand Bharat Sankalp Din' organised by the Rashtra Nirman Samiti (social organisation) in Nagpur. "We recall this day because on this day in 1947, the country was divided into two - India and Pakistan. We all as a mission accept that our country's partition was unnatural, and one day our country will become 'akhand' (unified), this is the resolve we take today in this programme," he said. Gadkari praised India's unity in diversity and also lauded the country's armed forces. Prime Minister Narendra Modi has resolved to make India a 5 trillion-dollar economy, the third largest economy of the world as well as "atmanirbhar" and "vishwaguru", he noted, adding all these resolutions will be achieved with efforts of

Trump's 50% trade tariff threatens India's manufacturing ambitions

Trump's move would give India the highest tariff rate in Asia, threatening a manufacturing sector that Prime Minister Narendra Modi has spent a decade trying to build

Should Intel's treatment worry Silicon Valley's powerful Indian diaspora

The problem is a fear, both in Washington and in Silicon Valley, that the US and Chinese tech ecosystems are not complements but rivals.

Mitsubishi to invest $600 million for 30% stake in US copper mine project

Japan's Mitsubishi to buy into Arizona's Copper World project for $600m, weeks after the US imposed steep tariffs on semi-finished copper products

Rupee trades weak with US-Russia meeting in focus; opens at 87.46/$

Indian Rupee today: The domestic currency opened 2 paise lower at 87.46 against the greenback on Thursday

Bessent warns of higher secondary tariff on India, asks EU to join hands

Earlier in an interview with Fox Business, Bessent said India has been a "bit recalcitrant" on trade negotiations with the US

Stock market close highlights: Sensex up 304pts, Nifty at 24,619; Healthcare, Auto, Metal shine

Stock Market Close Highlights, August 13, 2025: The BSE Sensex settled 304.32 points or 0.38% higher at 80,539.91 levels, while Nifty50 ended 131.95 points or 0.54% higher at 24,619.35 levels.

Trump tariff impact: US kids to see higher price tag on Christmas toys

Majority of US retail firms put their orders on hold due to uncertainty in tariff situation

Vietnam aims to be next Asian tiger with a major economic overhaul

Beneath red banners and a gold bust of revolutionary leader Ho Chi Minh in Hanoi's central party school, Communist Party chief To Lam declared the arrival of a new era of development late last year. The speech was more than symbolic it signalled the launch of what could be Vietnam's most ambitious economic overhaul in decades. Vietnam aims to get rich by 2045 and become Asia's next tiger economy a term used to describe the earlier ascent of countries like South Korea and Taiwan. The challenge ahead is steep: Reconciling growth with overdue reforms, an aging population, climate risks and creaking institutions. There's added pressure from President Donald Trump over Vietnam's trade surplus with the US, a reflection of its astounding economic trajectory. In 1990, the average Vietnamese could afford about USD 1,200 worth of goods and services a year, adjusted for local prices. Today, that figure has risen by more than 13 times to USD 16,385. Vietnam's transformation into a global ...

India-China thaw takes shape as PM Modi embraces Brics over Trump

The blow from India's largest trading partner hit hard, especially after PM Modi had lavished praise on Trump and was among the first foreign leaders to visit after his return to the White House

Rupee gains as India CPI cools to 8-year low; opens at 87.65/$

Indian Rupee today: The domestic currency opened 6 paise stronger at 87.65 against the dollar on Wednesday

India's trade dilemma: Shield farmers, textiles or risk US cotton tariffs

Losing access to the US consumer may hurt India's farm economy more than slashing its 39 per cent average tariff on imported produce

US national debt reaches record $37 trillion, Treasury Department reports

The US government's gross national debt has surpassed USD37 trillion, a record number that highlights the accelerating debt on America's balance sheet and increased cost pressures on taxpayers. The USD37 trillion update is found in the latest Treasury Department report issued Tuesday which logs the nation's daily finances. The national debt eclipsed USD37 trillion years sooner than pre-pandemic projections. The Congressional Budget Office's January 2020 projections had gross federal debt eclipsing USD37 trillion after fiscal year 2030. But the debt grew faster than expected because of a multi-year COVID-19 pandemic starting in 2020 that shut down much of the U.S. economy, where the federal government borrowed heavily under then-President Donald Trump and former President Joe Biden to stabilise the national economy and support a recovery. And now, more government spending has been approved after Trump signed into law Republicans' tax cut and spending legislation earlier this year. Th

US July budget deficit up 20% Y-o-Y despite record Trump tariff income

The US budget deficit in July climbed 20 per cent this fiscal year compared to the last despite the US taking in record income from President Donald Trump's tariffs, according to Treasury Department data released Tuesday. The US saw a 273 per cent increase - or USD21 billion - in customs revenue in July over the same period last year, the data showed. A Treasury official who spoke on the condition of anonymity to preview the data said overall increased spending is in part due to a mix of expenditures, including growing interest payments on the public debt and cost-of-living increases to Social Security payouts, among other costs. This comes as the federal government's gross national debt creeps up to the USD37 trillion mark. Even as Trump talks about America becoming rich because of his import tax hikes, federal spending keeps outpacing the revenues collected by the government. That financial picture might change as companies exhaust their pre-tariff inventories, forcing them to ...

Will explore more, no compromise on farmers' interests: Shivraj on tariffs

US imposed 25 per cent reciprocal tariffs on Indian goods last month and increased it to 50 per cent over import of Russian oil

India has been recalcitrant in trade talks: US Treasury Secy Bessent

Bessent said he hoped the Trump administration could wrap up its trade negotiations by the end of October

Tariff turbulence: Tanned hides, tug toys, trade sacks on Trump tightrope

The second in a series focuses on Kanpur's leather hub, pet goods makers, and FIBC exporters walking a fine line under the weight of 50% US duties