Page 36 - Latest Updates on Trump tariffs

US tariff impact: India exploring alternative markets, says MEA official

India is scouting new export destinations in South Asia, Africa, and Latin America after US imposed additional tariffs on goods over Russian crude oil imports

FPI selloff may worsen as Trump ups India tariffs pressure

Analysts have largely attributed the selloff to the trade uncertainty triggered by Donald Trump's tariff-related policies

PM Modi speaks to Brazil's Lula, leaders promise to boost India-Brazil ties

India and Brazil reaffirm commitment to strengthen cooperation across trade, technology, energy, defence, health, and cultural exchanges after Modi-Lula phone call

Unfair and unwarranted: US action will result in undesirable outcomes

The initial imposition of a higher 25 per cent tariff last week was also devoid of economic logic

Russia, India talk up 'strategic partnership' after Trump tariff hike

President Donald Trump announced higher tariffs on imports from India because of its purchases of Russian oil

Trump is winning the tariff war hands down; markets remain unshaken

His tariffs are bringing in higher revenues, shielding American industry - and the markets remain unshaken

Trump tariff may cut chemical, apparel, jewellery exports by 50-70%: GTRI

The imposition of a 50 per cent US tariff on Indian goods will impact exports of nine product categories, including shrimp, organic chemicals, apparel, and jewellery by 50-70 per cent, think tank GTRI said on Thursday. US President Donald Trump on Wednesday slapped an additional 25 per cent tariff, raising the total duties to 50 per cent on goods coming from India, as a penalty for New Delhi's continued purchase of Russian oil. The 50 per cent duty will come into effect from August 27. This is on top of the usual US import duties, called Most Favoured Nation (MFN) tariffs. This decision makes India one of the most heavily taxed US trading partners, worse off than China (30 per cent) or Vietnam (20 per cent), and on par with Brazil. GTRI, in its analysis, has categorised India's export segments in three categories- very high impact sectors (exports may be down by 50-70 per cent), high-impact sectors (exports may be down by 30-50 per cent), and low or no impact areas. In the first .

US tariffs raise concerns across India's automotive and component sectors

Tariff hike to 50% may hit Indian exports of tyres and auto components to the US; industry explores nearshoring, diversification, and cost efficiency measures

Swiss govt calls emergency meeting as Trump hits goods with 39% tariff

An urgent meeting of the seven-member Federal Council - Switzerland's governing cabinet - would take place in Bern in the early afternoon, the government said a post on X

Rupee posts marginal gains despite Trump tariffs; ends higher at 87.70/$

Indian Rupee today: The domestic currency ended 3 paise higher at 87.70 against the dollar on Thursday, according to Bloomberg

India's Russian oil puzzle: Higher cost, drying offers, and tariff pressure

India's oil trade with Russia faces its toughest test yet with spiking procurement costs, tightening sanctions, disappearing discounts and the looming threat of Trump's tariffs

Nayara seeks India's help to ship fuel as EU sanctions disrupt operations

Nayara Energy has asked the Indian government for help with fuel shipping and payments after EU sanctions disrupted its operations and made it hard to find vessels and banking support

We should impose 50% levy on US goods: Shashi Tharoor on Trump tariffs

Shashi Tharoor's remarks were in response to the additional 25 per cent tariffs imposed by US President Donald Trump on account of India's oil imports from Russia

Reliance flags crude supply risks amid US tariff blow on Indian exports

Reliance warns of refining margin pressure as US doubles tariffs on Indian goods to 50 per cent over Russian oil imports; 25 per cent came into effect on Thursday, second 25 per cent begins August 27

Tim Cook gifts Trump gold-based glass plaque as Apple ups US bet

Tim Cook presented the gift to Trump as he announced Apple's plan of increasing its investment in the US by $100 billion, bringing it up to $600 billion over four years

Build competitiveness, diversify export markets amid US tariff scare: ACMA

ACMA says US tariffs on select Indian imports, including auto parts, present short-term challenges but highlight the need for improved competitiveness and export diversity

Sensex, Nifty fall as Trump hikes tariffs, FIIs sell; what should you do?

Stock market today: From the Sensex pack, Adani Ports and Tata Motors were the top drags, falling over 2 per cent

India hit with 50% tariffs: How countries are reacting to Trump's trade war

India slammed Trump's 50% tariff as unjustified; Canada, Brazil, and China also face new US trade actions, prompting strong backlash, WTO threats, and fresh retaliation

Auto sales fall 4.3% in July, hurt by Trump tariffs, IT job cuts, rains

Two-wheeler sales contract 6.5% as Indian auto industry 'applies the brakes': Fada

US tariff on Indian apparel could be death knell for small firms: AEPC

Seeking immediate fiscal support of the government, apparel exporters body AEPC on Thursday said the doubling of tariffs to 50 per cent by the Trump administration on Indian goods will sound the death knell for micro and medium enterprises, particularly those heavily dependent on the American market. Apparel Export Promotion Council (AEPC) Chairman Sudhir Sekhri said the announcement is a huge setback to the labour-intensive export industry. "There is no way the industry can absorb this. I am sure the government also realises that this unreasonable increase in tariff will sound the death knell for the micro and medium apparel industry, especially those who majorly sell to the US market, unless the government steps in with direct fiscal support to the industry," he said. The US is a key market for Indian ready-made garment exports. America accounts for 33 per cent of India's total garment exports in 2024. In 2024-25, India's exports to the US from this sector include apparel-knitted