Page 33 - Latest Updates on Trump tariffs

India must impose higher tariffs on US imports, says Arvind Kejriwal

Aam Aadmi Party's national convener Arvind Kejriwal on Thursday demanded that India impose higher tariffs on US imports, asserting that the whole country will support this decision. Addressing a press conference, Kejriwal alleged that the BJP-led Central government has decided to waive off 11 per cent duty on cotton imported from the US, which could impact the business of local farmers here. There was no immediate reaction from the Central government. The AAP chief said that Prime Minister Narendra Modi's decision could prove detrimental for India's farmers. He demanded that the government impose higher tariffs on US imports. "Other countries did not bow down. They imposed higher tariffs. We should also impose higher tariffs. If the US is imposing 50 per cent tariffs, we should double the tariffs to 100 per cent. The whole country will support this decision. No country can afford to offend India. We are a nation of 140 crore people," he said.

Govt extends duty-free cotton imports till Dec 31 to aid textile exporters

The Finance Ministry has extended duty exemption on cotton till December 2025 to ease raw material supply, support garment exporters and cushion the impact of US tariffs on RMG

Avanti, Apex Frozen & other shrimp stocks fall up to 12% on tariff woes

Shrimp exporters stock tank up to 12 per cent after 50 per cent tariffs imposed by the US came into effect; check key details here

STMAI urges govt to act against surge of low-cost Chinese pipe imports

Seamless Tube Manufacturers' Association of India (STMAI) on Thursday said the country has sufficient capacity of seamless pipes and tubes to meet domestic demand and urged the government to implement strict measures to curb influx of low-cost Chinese pipe imports to safeguard the domestic industry. According to the STMAI President Shiv Kumar Singhal, the domestic seamless pipes and tubes industry has an installed capacity of approximately 1.95 million metric tonnes (MMT) -- more than sufficient to meet the total Indian demand of 1.32 million metric tonnes. Despite strong support from the government through various safeguard measures to protect the domestic seamless pipe industry, Chinese pipe imports have increased exponentially over time -- particularly in the last 3-4 years, he said. However, these efforts have proven largely ineffective in curbing imports from China, he explained. Chinese importers are reportedly declaring inflated invoice values at the time of customs clearanc

Trump slammed for 50% tariff on India while sparing China over Russian oil

Democrats say Trump's new tariff on India is unfair and politically motivated, accusing him of letting China off the hook despite being the top buyer of Russian crude oil

'Not worried about rupee becoming a reserve currency': US Secy Bessent

As Trump tariffs hit India's trade, US Treasury Secretary Scott Bessent shot down talk of the rupee gaining 'reserve' status, citing its weakness versus the dollar

Why India's Russian oil imports sparked US tariffs amid Ukraine peace talks

White House trade adviser Peter Navarro said India's purchases of Russian crude were funding Moscow's war in Ukraine and had to stop

Centre extends cotton import duty exemption amid US tariff pressure

The world's second-biggest cotton producer had earlier announced an exemption on cotton imports from an 11 per cent duty until September-end and has now extended that to December 31

Ramdev calls for boycott of American products over 50% US tariffs on India

"Indian citizens should strongly oppose the 50 per cent tariffs that America has imposed on India as political bullying, hooliganism and dictatorship, said Ramdev

Indian firms delay expansion plans amid demand, trade uncertainty: BofA

Firms are focusing on paying down debt, opting for refinancing rather than expanding capacity, Shankar Subramaniam, the bank's head of India corporate banking said

Navarro calls Ukraine conflict 'Modi's war', links tariffs to Russian oil

White House adviser Peter Navarro blamed India for fuelling Russia's war, saying it could get 25% tariff relief if it halts discounted crude imports from Moscow

India Inc bonds resilient amid record trade costs from US tariffs: Barclays

Barclays says Indian corporates will face margin compression but remain supported by strong leverage, liquidity and domestic demand as US tariffs hit $55 bn exports

Weighed down by 50% US levy, Indian exporters recalibrate strategy

Vinod Kumar, president of the India SME Forum, said outreach to about 100,000 members has drawn 1,035 responses, with entrepreneurs already mapping ways to cope with the tariffs

India, US will 'come together' despite 50% tariffs: Treasury Secretary

US Treasury Secretary Scott Bessent, however, criticised India's continuous imports of Russian oil, saying that they have been profiteering from it

Trump’s tariffs take effect, H-1B visa ‘total scam’, Vaishno Devi landslide & more

US President Donald Trump’s additional 25% tariff on Indian goods took effect today, raising the total levy to 50%. Amid this, India is launching dedicated outreach programmes in 40 countries.

EAC-PM chief warns US tariffs may weigh on jobs more than GDP growth

EAC-PM S Mahendra Dev said that exporters should focus on diversification of markets, while also pushing domestic consumption

LIVE news updates: Cabinet approves India's 2030 CWG bid, says Ahmedabad ideal host

Top news updates: Catch all the latest news updates here

Uncertainties around tariffs may affect capex decisions this fiscal: Crisil

Despite the healthy corporate sheets supporting fresh investments, the imposition of the tariffs is likely to hit sentiments

Commerce ministry holds talks with exporters to counter steep US tariffs

The Commerce Ministry will hold a series of meetings this week with exporters from various sectors, including chemicals, gems and jewellery, to discuss ways to boost exports to new markets to shield industries from the steep 50 per cent US tariffs on Indian goods, an official said on Wednesday. The official also said work is progressing fast on the formulation of the Export Promotion Mission, announced in the Budget for 2025-26. "In the next 2-3 days, the ministry will meet stakeholders on the diversification of exports," the official added. The steep 50 per cent tariff on Indian goods entering the United States, which came into effect from August 27, would impact exports worth more than USD 48 billion. The sectors which would bear the brunt of the high import duties imposed by the Trump administration include textiles/ clothing, gems and jewellery, shrimp, leather and footwear, animal products, chemicals, and electrical and mechanical machinery. Sectors such as pharma, energy ...

Trump's 50% tariffs take effect today: Which sectors are in firing line?

The Donald Trump-led US administration links the 50% duty to India's Russian oil imports; sectors from textiles to seafood brace for impact