Page 40 - Latest Updates on Trump tariffs

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

Toyota slashes FY26 forecast, warns of $9.5 bn hit from US tariffs

The world's biggest carmaker now sees ¥3.2 trillion in operating income for the fiscal year ending in March 2026

Tariff Impact: Emkay says buy the dip, stick to discretionary, industrials

Trump Tariff Impact: The US has imposed a 25 per cent penalty via executive order, which takes the total tariff burden to 50 per cent on select Indian goods.

Ready to pay heavy price for our farmers, fishermen: Modi on Trump tariffs

This is PM Modi's first response after Trump doubled India's tariff to 50 per cent over Russian oil imports, with the PM stressing India's agri-sector will not be compromised

Trump's tariff hike could shave 0.3 pp off India's GDP: Goldman Sachs

India condemns new 25% duty on exports; total levy now at 50%; analysts expect talks before August 27 deadline

WH wary of 50% tariffs on India, China, says won't hurt US interests

White House Trade Adviser Peter Navarro said US wants to impose tariffs on China without hurting its own economy

This developed country hit with highest tariffs by Trump administration

Luxury watches, coffee capsules, and high-value exports from this EU nation were hit with a steep 39% US tariff on Thursday. A last-ditch effort by the country's president to stop the move also failed

Trump hints at additional sanctions on Russian oil buyers, including China

US President Donald Trump hinted at 'secondary sanctions' on other countries in response to India being singled out for these additional sanctions

Trump's first tranche of 25% tariffs on Indian imports take effect

The US imposes 25 per cent tariff on Indian imports from August 7; second 25 per cent duty over Russian oil trade kicks in August 27, raising total tariff to 50 per cent - highest among US partners