Page 43 - Latest Updates on Trump tariffs

Why isn't Trump pressuring China as hard: Expert on India tariff threat

The Global Trade Research Initiative (GTRI) stated that China-not India-is the largest purchaser of Russian oil. In 2024, China imported $62.6 billion worth, compared to India's $52.7 billion

Trump threatens to 'substantially' raise tariffs on India over Russian oil

Trump says New Delhi buying 'massive' amounts of Russian crude and selling it for big profits

'EU, US import Russian goods but target us': India defends oil purchase

India slams Trump's tariff threat, defends Russian oil imports as essential, and calls out US, EU 'hypocrisy' for trading with Russia while unfairly targeting New Delhi

Rupee reverses early gains; ends 12 paise lower at 87.66/$

Indian Rupee today: The domestic currency closed 12 paise lower at 87.66 against the dollar on Monday, according to Bloomberg

Stock market close highlights: Sensex rises 419 pts, Nifty at 24,723; Metal, IT, auto stocks shine

Sensex Today | Stock Market LIVE Updates, August 4, 2025: In the broader markets, the Nifty MidCap100 and SmallCap indices edged higher by 0.26 per cent and 0.07 per cent, respectively

Govt working on measures to insulate exporters from Trump tariff: Official

The government is working on certain support measures for exporters in sectors like textiles and chemicals to insulate them from the impact of the Trump tariff, an official said on Monday. US President Donald Trump has announced an additional 25 per cent import duty on Indian goods entering America from August 7. The official said that the commerce ministry has held meetings with several export sectors, including steel, food processing, engineering, marine, and agriculture, to understand issues they may face due to high tariffs. Indian exporters from various sectors, including food, marine, and textiles, have sought financial assistance and affordable credit from the government to cope with the 25 per cent Trump tariff. Exporters are requesting the government to extend fiscal incentives such as interest subsidy and extension of RoDTEP scheme (Remission of Duties and Taxes on Exported Products), RoSCTL (Rebate of State and Central Taxes and Levies), timely payment of dues, and a dir

Sensex, Nifty inch up amid RBI MPC policy meet; shrugs off global jitters

Sectorally, Nifty Auto was among the top-performing sectoral indices, trading at 23,745.2, up by 1.43 per cent.

India's IOC buys 7 mn barrels US, Abu Dhabi crude amid Russian oil decline

India's top refiner IOC buys 7 million barrels of crude from US, Canada and Abu Dhabi via tender, as Russian oil imports pause due to narrowing discounts and rising sanctions

Goldman Sachs trims India's GDP forecast on Trump's 25% tariffs

Goldman Sachs lowered India's economic growth forecast after Donald Trump imposed a 25 per cent tariff

Trump tariffs jolt Malaysia, disrupting solar exports, China trade ties

Once a cog in the Malaysian economy, the solar industry profited from Chinese investment. Now it's becoming a case study of what happens when the United States closes its markets

Rupee advances tracking Asian peers; opens 34 paise higher at 87.20/$

Indian Rupee today: The domestic currency closed 34 paise higher at 87.20 against the dollar on Monday

Trump's tariff shock likely to deepen rupee's slide, hurt recovery further

Analysts at Deutsche Bank AG and Barclays Plc expect the currency to drop to new record lows by the year-end amid muted foreign inflows and headwinds from US tariffs

PM Modi defiant as Trump steps up pressure on India's Russian oil purchases

Modi's government hasn't given India's oil refiners instructions to stop buying Russian oil, and no decision has been taken on whether to halt the purchases

Best of BS Opinion: India must not shy away from trade negotiations

Our Opinion page today makes a case for more trade talks, note less; benefits for Isro from partnering with Nasa; a sustainable fix for urban congestion; and the need for a framework for digital fraud

US policymakers may start relying on Trump tariffs for federal revenue

Trump has routinely cited the tariff revenue as evidence that his trade approach, which has sowed uncertainty and begun to increase prices for consumers, is a win for the United States

Textile ministry likely to meet industry players next week over US tariffs

Union Textiles Minister Giriraj Singh will meet industry stakeholders next week to deliberate upon the potential impact of US President Donald Trump's announcement to impose a 25 per cent tariff on India and seek their views on the issue, according to sources. The US is India's largest market for textile and apparel exports, accounting for about 25 per cent of the country's total outbound shipment from the sector. Discussions in the meeting will also revolve around realising opportunities arising for India's textile sector from the UK-India FTA, which was signed last month, as the government and industry want to leave no stone unturned to achieve the textile export target of USD 100 billion by 2030, and mitigate the potential impact of the US tariff announcement, sources told PTI. While it would be "premature" to talk about any measures being considered to support domestic textile exporters in light of the US announcement, they said, the government wants to seek the industry's ...

US penalty risk on Russian oil may add ₹9-11 bn to India's import bill

India's annual oil import bill could rise by USD 9-11 billion if the country is compelled to move away from Russian crude in response to US threats of additional tariffs or penalties on Indian exports, analysts said. India, the world's third-largest oil consumer and importer, has reaped significant benefits by swiftly substituting market-priced oil with discounted Russian crude following Western sanctions on Moscow after its invasion of Ukraine in February 2022. Russian oil, which accounted for less than 0.2 per cent of India's imports before the war, now makes up 35-40 per cent of the country's crude intake, helping reduce overall energy import costs, keep retail fuel prices in check, and contain inflation. The influx of discounted Russian crude also enabled India to refine the oil and export petroleum products, including to countries that have imposed sanctions on direct imports from Russia. The twin strategy of Indian oil companies is posting record profits. This is, however, no

India to keep buying Russian oil despite Trump's penalty threat: Report

Despite Donald Trump's warning of a penalty, Indian officials say the government had "not given any direction to oil companies" to cut back imports from Russia

India launches formal rules to fix, streamline drug and device clearances

India has issued first official guidelines for expert panels to bring consistency, speed, and transparency to drug and device approvals amid a broader regulatory overhaul

India reacts with outrage to Trump's tariff hike, 'dead' economy remarks

India is hardly alone in facing Trump's trade wrath - and not the subject to the very highest rates - but the news left business and political leaders wondering how to cope with the fallout