Page 38 - Latest Updates on Trump tariffs

Best of BS Opinion: India must make rational choices on Trump tariffs

Our editorials and opinion pieces today look at the impact of Trump's tariffs and how India should calibrate its responses, as well as the social and economic impact of AI replacing IT jobs

Trump tariff: Russian oil imports may dip in Aug while US' share rises

Over half of the 40 ships carrying Russian oil to India for deliveries this month are uncertain about discharging their cargoes because they will reach India only after August 21

'Indian refiners can do without Russian oil, but with trade-offs'

Indian refiners, the world's biggest user of Russian oil, can operate without supplies from Moscow from a technical standpoint, but the shift would involve major economic and strategic trade-offs, analysts said. Russian crude supports high distillate yields - the share of crude converted into fuels like petrol, diesel, and jet fuel through distillation. Replacing Russian crude, which accounts for up to 38 per cent of India's refinery intake, with alternatives will shift yields, resulting in lower middle distillates (diesel and jet fuel) and higher residue outputs, according to global real-time data and analytics provider Kpler. US President Donald Trump last week announced an additional 25 per cent tariff on US imports from India -- raising the overall duty to 50 per cent -- as a penalty for the country's continued imports of Russian oil. Since the steep tariffs are likely to hit the USD 27 billion of non-exempt exports that India does to the US, there has been chatter around stoppi

US inflation likely to rise in July as higher tariffs drive up prices

The core consumer price index, regarded as a measure of underlying inflation because it strips out volatile food and energy costs, rose 0.3 per cent in July, according to the Bloomberg survey

Those importing from Russia object to us: Venkaiah Naidu on US tariffs

Naidu also said that India would not "compromise or succumb to pressure from anybody"

Trump-Putin Alaska summit to tackle Ukraine war, tariffs and global trade

Trump announces historic Alaska summit with Putin to discuss Ukraine, tariffs, and trade; here's what to expect from the meeting

'New world order taking shape', says expert on PM Modi's call with Putin

Putin briefed PM Modi on Ukraine during their call, and both leaders reaffirmed their commitment to strengthening the India-Russia Special and Privileged Strategic Partnership

India's forex reserves fall $9.3 bn on RBI dollar sales, revaluation

India's forex reserves drop to $688 billion amid heavy RBI dollar sales and revaluation losses as rupee weakens past 87 per dollar following US tariff action

Trump signals no more trade talks, Piyush Goyal says parleys still on

Commerce minister confident India's FY26 exports will exceed last year's tally

Donald Trump's tariff victory in global trade war is not what it seems

In the end, the victory will be Pyrrhic, especially for US households and businesses and for America itself, given expected damage to its relationships with other countries & its standing in the world

HPCL explores alternative crude sources amid Russian price, sanction risk

Trump has decided to impose an additional 25 per cent tariff on Indian goods, citing New Delhi's continued imports of Russian oil in a move that sharply escalated tensions between the two nations

Trump tariffs raise alarm, but how dependent is India on US imports

India's exposure to US imports is limited, but sectors like aerospace, LNG, and high-end tech remain strategically vulnerable

No instructions from govt to stop or continue buying Russian oil: HPCL head

The Indian government has neither directed its oil companies to halt nor continue the purchase of Russian oil, instead allowing them the freedom to make procurement decisions purely based on economic considerations, HPCL's chairman said on Friday. Russian crude oil made up for just 13.2 per cent of all the crude that Hindustan Petroleum Corporation Ltd (HPCL) processed into fuels like petrol and diesel in the April-June quarter, and a complete stoppage of oil from Moscow will not have any "significant" impact, HPCL chairman Vikas Kaushal said at an investor call. US President Donald Trump earlier this week announced he would impose an additional 25 per cent tariff on US imports from India -- raising the overall duty to 50 per cent -- as a penalty for the country's continued imports of Russian oil. Since the steep tariffs are likely to hit the USD 27 billion of non-exempt exports that India does to the US, there has been chatter around stopping or curtailing oil imports from ...

Rupee reverses early gains to end marginally higher amid tariff jitters

Indian Rupee today: The domestic currency closed 4 paise higher at 87.66 against the dollar on Friday, according to Bloomberg

Stock market close highlights: Sensex down 765 pts, Nifty at 24,363; SMIDs, metal, realty top drag

Stock market close highlights, August 8: On the BSE, NTPC, Titan and Trent were the top gainers while Bharti Airtel, Tata Motors and M&M were among the major laggards.

US Democrat slams Trump over 50% tariff on India, says risks years of work

Prominent US Congressman and Democrat Gregory Meeks said the US has deep economic, and people-to-people ties with India, and trade concerns should be addressed in a mutually respectful way

Bruised by Trump, Modi trying to portray himself as farmers' champion: Cong

Now that he is "bruised and battered" by the "Trump onslaught", Prime Minister Narendra Modi is trying to portray himself as the great champion of Indian farmers, but "nobody is fooled", the Congress said on Friday. After US President Donald Trump doubled trade tariffs on India to 50 per cent over its crude oil imports from Russia, Modi on Thursday said India will never compromise on the interests of its farmers and that he was prepared to bear a significant personal cost if necessary. Congress general secretary in-charge communications Jairam Ramesh said there was a time five years ago when the PM mocked protesting farmers as 'andolanjeevi' in Parliament. "Over 700 farmers were martyred in the agitation against the three black anti-farmer laws and the PM had no word expressing pain or regret or sympathy," Ramesh said on X. Farmers' organisations continue to demand a legal guarantee for minimum support price (MSP) set on the Swaminathan formula of the comprehensive cost of cultivat

US links India tariff hike to 'national security' over Russian oil imports

White House Trade Adviser Peter Navarro links extra 25% tariffs on India to its refusal to stop buying Russian oil, calling it a national security threat amid ongoing US-India trade tensions

Moody's warns US 50% tariffs could erode India's manufacturing growth

Credit rating agency says India's manufacturing growth momentum and electronics competitiveness are at risk if tariff dispute with US persists

In an uncertain world, India's small businesses are sure about growth

MSMEs hopeful about first quarter performance and most don't think US tariffs will affect them