Page 4 - Latest Updates on Trump tariffs

Trump signs order amending tariffs on steel, aluminum and copper imports

The order also allows foreign companies to qualify for a 10% tariff if 'their capital equipment includes at least 85% aluminum by weight'

India to ask US for relief from Section 301 probes as trade talks resume

The two nations reached an agreement on a trade pact earlier this year before the US Supreme Court struck down President Donald Trump's sweeping reciprocal tariffs

Trump admin to appeal US court order mandating broad tariff refunds

US Customs and Border Protection launched a new online portal to process refund claims on April 20, signaling that it intended to repay at least some of the approximately $1 billion in refund

Approx $20.6 billion of tariff refunds on way to importers: US govt

However, the govt's latest declaration to the US Court of International Trade also included an admission of a significant error in its last report to federal judge overseeing the tariff refund process

US companies shamed by Trump quietly tiptoe into tariff-refund race

There's reason for discretion: The scramble for as much as $166 billion in refunds - plus interest - comes with the risk of political and legal jeopardy

Trump admin seeks to keep collecting tariffs after court ruling setback

In a 2-1 decision last week, a US Court of International Trade panel found that President Donald Trump's use of Section 122 of the Trade Act of 1974 to impose the tariffs was invalid

Judicial roadblocks for trade tariffs won't change Donald Trump's mind

For many countries around the world, including India, the possibility of Section 301 tariffs is even more concerning than the arbitrary IEEPA levies the President introduced last year

'Justices should be loyal': Trump criticises SC over ruling against tariffs

In a lengthy post on Truth Social, Trump singled out Justices Neil Gorsuch and Amy Coney Barrett for voting against his administration's position on tariffs

Chronology of US tariffs and penalties on Indian goods since April 2025

The following is the chronology of additional or reciprocal tariffs imposed by the US on Indian goods in addition to existing duties, since April 2025. Before Apr 2, 2025: Only MFN (most favoured nation) tariffs. These are standard import duties imposed on goods from all trading partners on a non-discriminatory basis. Apr 2 - August 6, 2025: 26 per cent (10 per cent baseline tariff and 16 per cent reciprocal tariff). It was over and above MFN duties. Apr 9, 2025: US suspends tariffs for 90 days (until July 9, 2025). July 31, 2025: The US announced a 25 per cent duty to be effective from August 7, 2025. Aug 6, 2025: Additional 25 pc tariff imposed on Indian goods for the purchase of Russian oil. To be effective from August 27. Aug 7- Aug 26, 2025: 25 per cent reciprocal tariffs, over and above MFN duties. Aug 27, 2025 - Feb 6, 2026: 50 per cent tariff on Indian goods Feb 7 - Feb 23, 2026: Russia-linked 25 per cent tariffs withdrawn. A joint India-US statement indicated Washingto

Court setbacks to Trump tariffs may delay BTA talks with India: Experts

Repeated setbacks faced by US President Donald Trump in American courts have further heightened uncertainty over the US tariff regime, and India should wait for the United States to evolve a more stable and legally predictable trade framework before moving ahead with the proposed bilateral trade agreement, experts said. They said that this ruling is a crucial reminder that Trump's global tariffs violated WTO (World Trade Organisation) rules, and their striking down by US courts is a positive signal for multilateral trade norms. In another setback to the White House, a US federal court has struck down the 10 per cent global tariffs slapped by Trump, terming them "invalid" and "unauthorised by law". These new tariffs were imposed by Trump on all countries, including India, on February 24 for 150 days following an earlier US Supreme Court verdict that struck down his earlier sweeping levies. "The continuing uncertainty around US tariff policy, with major Trump-era tariffs repeatedly .

EU has until July 4 to approve trade deal or face higher tariffs: Trump

President Donald Trump has said in a social media post that goods from the European Union would face higher tariff rates if the 27-member bloc fails to approve last year's trade framework by July 4. The announcement on Thursday appeared to be a deadline extension after the president said last Friday that EU autos would face a higher 25 per cent tariff starting this week. Trump made the updated announcement after what he described as a "great call" with European Commission President Ursula von der Leyen. Still, the US president was displeased that the European Parliament had yet to finalize the trade arrangement reached last year, which was further complicated in February by the US Supreme Court ruling that Trump lacked the legal authority to declare an economic emergency to impose the initial tariffs used to pressure the EU into talks. "A promise was made that the EU would deliver their side of the Deal and, as per Agreement, cut their Tariffs to ZERO!" Trump posted. "I agreed to gi

US court finds Trump's latest 10% tariffs unlawful, blocks enforcement

Trump had imposed the 10% duties in February under Section 122 of the Trade Act of 1974, which had never previously been invoked

Trump tariff refund payouts start hitting US importers' bank accounts

The refund payments mark a milestone in the fierce legal fight over one of the president's signature economic policies. Hundreds of thousands of importers paid the contested tariffs

FIEO asks exporters to engage with US buyers for tariff refund share

Apex exporters' body FIEO on Wednesday said it has asked its members to engage with US buyers to seek a share of the refunded tariffs, with the United States initiating the process of refunding reciprocal tariffs from April 20. FIEO President S C Ralhan said that there is no legal right of Indian exporters on those refunds, as only the US businesses are getting the refunds. "But if an Indian exporter has a good relationship with his or her US buyer, she may get some share," he said. In its report, think tank Global Trade Research Initiative (GTRI) said that the engagement with the US buyers will be important as the refunded payments go only to US importers, and exporters have no legal right to claim them. Indian exporters have no direct legal route to claim refunds. Another industry official from the leather sector said that the businesses will discuss the matter with the US importers. "We are talking to our buyers on this," a leather sector exporter said. The US tariffs, impose

India's seafood exports hit record ₹72,325 cr in FY26 despite US tariffs

India's seafood exports reached a record high in FY26, with growth in China, EU and Southeast Asia helping offset a decline in shipments to the US due to higher tariffs

US starts tariff refunds; Indian exporters need to engage with buyers: GTRI

The US has initiated the process of refunding reciprocal tariffs from April 20, and Indian exporters should proactively engage with American buyers to seek a share of the refunded duties, think tank GTRI said on Tuesday. The Global Trade Research Initiative (GTRI) said that the engagement will be important as the refunded payments go only to US importers, and exporters have no legal right to claim them. Indian exporters will have no direct legal route to claim refunds, it said. The US tariffs, imposed from April 2, 2025, affected export of many Indian products, it said, adding that the total refund is about USD 166 billion, with roughly USD 12 billion linked to goods from India. To get refunds, US importers must file detailed claims online with shipment data, tariff lines and proof of payment. The reciprocal tariff regime began at 10 per cent on April 2, 2025 and was rapidly escalated. Rates for India rose to 25 per cent by Aug. 7, 2025 and to 50 per cent by August 28, remaining a

Refund process for Trump tariffs begins today after court struck them down

A refund system for businesses that paid tariffs which the US Supreme Court ruled President Donald Trump imposed without the constitutional authority to do so is scheduled to launch Monday. Importers and their brokers will be able to begin claiming refunds through an online portal beginning at 8 am, according to US Customs and Border Protection (CBP), the agency administering the system. It is the first step in a complicated process that also might eventually lead to refunds for consumers who were billed for some or all of the tariffs on products shipped to them from outside the United States. Companies must submit declarations listing the goods on which they collectively put billions of dollars toward the import taxes the court subsequently struck down. If CBP approves a claim, it will take 60-90 days for a refund to be issued, the agency said. The government expects to process refunds in phases, however, focusing first on more recent tariff payments. Any number of technical facto