Page 41 - Latest Updates on Trump tariffs

Trump eyes 100% tariff on chips, firms investing in US to be exempted

Firms building in the US to be exempt; Trump signals broader import crackdown as India, Vietnam face new levies

India slams US 25% tariff as 'unfair, unjustified and unreasonable'

MEA says US move to impose 25% tariff on Indian goods over Russian oil imports is "extremely unfortunate" and pledges all necessary steps to safeguard India's national interests

Trump trade tariffs: MCA planning to ease compliance burden for MSMEs

"We are looking at it very seriously and taking inputs from the MSME ministry as well," a government source said

US doubles tariff on India to 50% over Russian crude oil purchases

'Unfair, unjustified, unreasonable', says MEA; new rates from August 28

Markets seem to have priced in earnings downgrades: Yogesh Patil, LIC MF

Yogesh Patil of LIC Mutual Fund believes that trade near-term uncertainty around trade wars may impact the investment decisions for now.

Trump tariffs may cut India's US-bound exports by up to 50%: GTRI

The tariffs announced by the US are expected to make Indian goods far costlier in the US, with the potential to cut America-bound exports by 4050 per cent, think tank GTRI said on Wednesday. On August 6, Washington announced an additional 25 per cent tariff on all Indian imports, on top of an existing 25 per cent duty, taking the total to 50 per cent from August 27. The White House said the measure responds to India's continued purchase of Russian oil. The move places India among the "most heavily" taxed US trading partners, far above rivals such as China, Vietnam, and Bangladesh, and threatens most of India's USD 86.5 billion in annual exports to America, from textiles to machinery, Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said. He said in 2024, China bought USD 62.6 billion of Russian oil, more than India's USD 52.7 billion, yet faces no such penalties. Washington avoids targeting Beijing because of China's leverage over critical materials such as gallium,

Will take actions to protect interest: India after Trump imposes 50% tariff

Labeling the tariff hike "unfair, unjustified, and unreasonable," India said it is being penalised for decisions also made by several other countries in their own national interest

Trump hits India with 50% tariff: Tharoor slams US, experts warn of GDP hit

After US President Trump announced an extra 25% tariff on Indian goods over Russian oil imports, Congress leader Shashi Tharoor called it a 'double standard', while economists warned of a hit to India

Trump imposes additional 25% tariff on India for purchasing Russian oil

US President Donald Trump has imposed an additional 25% tariff on Indian goods, citing India's continued import of Russian oil, effective August 27

Oil and pressure: How India became Russia's oil lifeline after Ukraine war

India's growing reliance on discounted Russian crude has reshaped its import basket, pushing out traditional West Asian suppliers and raising questions about how easily the country could pivot

'Imminent deal' to 'oil penalty': A brief history of Trump's tariff threats

What began in March 2025 as a push for reciprocal tariffs evolved into a months-long diplomatic tightrope, culminating in tariff actions and sharp remarks

Rupee closes higher as RBI MPC keeps repo rate unchanged; ends at 87.73/$

Indian Rupee today: The domestic currency closed 7 paise higher at 87.73 against the dollar on Wednesday, according to Bloomberg

Will call Modi, Xi, but not Trump: Brazil's Lula da Silva on tariff dispute

Rejecting Donald Trump's offer to call him, Brazilian President Luiz Inácio Lula da Silva said that to defend its interests, Rio De Janeiro would use all available resources, including the WTO

PM Modi can't stand up to Trump despite tariff threat due to Adani: Rahul

Congress MP Rahul Gandhi said that Prime Minister Narendra Modi cannot stand up to US President Donald Trump's tariff threat because of the ongoing investigation against Gautam Adani in the US

"I don't know anything about it": Trump on US importing Russian chemicals

US President Donald Trump on Tuesday (local time) said that he has no clue about the US importing chemicals and fertilisers from Russia.

'Lack of data': RBI keeps GDP forecast unchanged despite Trump's 25% tariff

RBI Governor Sanjay Malhotra says global uncertainties were already factored in previous growth forecasts and that RBI will continue to monitor macro conditions before revising projections

Nifty Pharma down 1.5%: Granules, Biocon lead with over 2% fall; Here's why

Pharma stocks fell after Trump said tariffs will be imposed within a week, rising up to 250 per cent in 12-18 months

Asian shares slide as weak US data, Trump tariffs rattle sentiment

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2 per cent, while Japan's Nikkei eked out a small 0.2 per cent gain

Key exemption allows most Canadian, Mexican goods to enter US tariff-free

US President Donald Trump raised the tariffs on Canadian goods to 35 per cent last week, but a key exemption for Canada and Mexico shields the vast majority of goods from the punishing duties. Goods that comply with the 2020 United States-Mexico-Canada Agreement trade pact that Trump negotiated during his first term are excluded from the tariffs. Here is a look at Trump's tariffs on the two countries and their exemptions: Most Canadian exports reaching the US duty free Canada's central bank says 100 per cent of energy exports and 95 per cent of other exports are USMCA compliant. The Royal Bank estimated that almost 90 per cent of Canadian exports appear to have accessed the US market duty free in April. Canadian Prime Minister Mark Carney said the commitment of the United States to the core of USMCA, reaffirmed again last week, means the US average tariff rate on Canadian goods remains one of its lowest, and over 85 per cent of Canada-US trade continues to be tariff free. "Canada

Don't know anything about it: Trump on US importing Russian chemicals

Trump's statement comes after India said that the US continues to import uranium hexafluoride from Russia for its nuclear industry, fertilisers, as well as chemicals