Page 44 - Latest Updates on Trump tariffs

Trump slaps 25% tariff on Indian goods: Smartphones, pharma, shrimp hit

The tariff kicks in August 1 and threatens key Indian exports like smartphones, pharma and shrimp ahead of trade talks set for August 25 in New Delhi

All 'taarif', no gain: Congress mocks PM Modi as Trump slaps 25% tariff

Congress criticises PM Modi after Trump imposes 25% tariff on Indian imports, saying the 'Howdy Modi' friendship has brought no real benefits

India to pay 25% tariff plus penalty for Russian oil, defence buys: Trump

US President Donald Trump described India's trade policies as the 'most strenuous and obnoxious non-monetary trade barriers of any country'

India presses ahead with US trade talks despite looming Aug 1 tariffs

India is pushing ahead with trade deal talks with the US despite looming Trump-era tariff threats, focusing on long-term economic alignment beyond short-term disruption

Rupee hits five-month low on US tariff warning, oil spike; ends at 87.42/$

India Rupee today: The domestic currency closed 60 paise lower at 87.42 against the dollar on Wednesday, the lowest level since February 28 this year

Rupee slides past 87/$ as Trump's tariff remarks, oil rally weigh

Indian Rupee today: The domestic currency opened 28 paise lower at 87.10 against the dollar on Wednesday, the lowest level since March 13 this year

Trump hints at 20-25% tariffs on Indian goods, says deal not final yet

As India and the US race to finalise a trade deal by August 1, Trump warned that tariffs on Indian exports could go up to 25%. However, he added that no final decision had been made

India's trade talks with the US face new test as EU deal shows major gaps

As the White House and European Commission offer starkly different versions of their trade pact, it gives India's negotiators ample reason to be alarmed

Rupee ends at four-month low of 86.82/$ as dollar gains, FPI outflows weigh

Indian Rupee today: The domestic currency closed 15 paise lower at 86.82 against the dollar on Tuesday, the lowest level since March 17 this year

Top Chinese, US officials huddle in Sweden for 2nd day of tariff talks

Chinese and US trade officials arrived for a second day of meetings in the Swedish capital Tuesday to try to break a logjam over tariffs that have skewed the pivotal commercial ties between the world's two largest economies. US Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng made no public comments to reporters after the first day of talks that lasted nearly five hours behind closed doors at the Swedish prime minister's office Monday. Before the talks resumed Tuesday, Swedish Prime Minister Ulf Kristersson met with Bessent and US trade representative Jamieson Greer over breakfast. The United States has struck deals over tariffs with some of its key trading partners including Britain, Japan and the European Union since President Donald Trump announced Liberation Day tariffs against dozens of countries in April. China remains perhaps the biggest unresolved case. The Chinese have been very pragmatic," Greer said in comments posted on social media by his office la

Donald Trump caps his 5-day Scottish trip by opening new golf course

President Donald Trump is opening a new golf course bearing his name in Scotland on Tuesday, capping a five-day foreign trip designed around promoting his family's luxury properties and playing golf. Trump and his sons Eric and Donald Jr are cutting the ceremonial ribbon and playing the first-ever round at the new Trump course in the village of Balmedie, on the northern coast of Scotland. Also from the country's north is the president's late mother, Mary Anne MacLeod, who was born on the Isle of Lewis, immigrated to New York and died in 2000 at age 88. My mother loved Scotland, Trump said during a meeting with British Prime Minister Keir Starmer on Monday at another one of his golf courses, Turnberry, on Scotland's southern coast. It's different when your mother was born here. Trump used his trip to meet with Starmer and reach a trade framework for tariffs between the US and the European Union's 27 member countries though scores of key details remain to be hammered out. The overse

Asian shares dip as US-EU tariff deal raises growth, inflation fears

The air of caution saw MSCI's broadest index of Asia-Pacific shares outside Japan slip 0.7 per cent

Rupee hits four-month low on strong dollar, FPI selloff; opens at 86.83/$

Indian Rupee today: The domestic currency opened 16 paise lower at 86.83 against the dollar on Tuesday, the lowest since March 17 this year

Trump gets economy he wants, but growth risks may spoil his victory lap

President Donald Trump is getting his way with the world economy. Trading partners from the European Union to Japan to Vietnam appear to be acceding to the president's demands to accept higher costs in the form of high tariffs for the privilege of selling their wares to the United States. For Trump, the agreements driven by a mix of threats and cajoling, are a fulfillment of a decades-long belief in protectionism and a massive gamble that it will pay off politically and economically with American consumers. On Sunday, the United States and the 27-member state European Union announced that they had reached a trade framework agreement: The EU agreed to accept 15 per cent US tariffs on most its goods, easing fears of a catastrophic trans-Atlantic trade war. There were also commitments by the EU to buy USD 750 billion in US energy products and make USD 600 billion in new investments through 2028, according to the White House. We just signed a very big trade deal, the biggest of them .

Tariffs on South Korea's products threaten the 'K-beauty' boom in the US

When Amrita Bhasin, 24, learned that products from South Korea might be subject to a new tax when they entered the United States, she decided to stock up on the sheet masks from Korean brands like U-Need and MediHeal she uses a few times a week. I did a recent haul to stockpile, she said. I bought 50 in bulk, which should last me a few months. South Korea is one of the countries that hopes to secure a trade deal before the Aug. 1 date President Donald Trump set for enforcing nation-specific tariffs. A not-insignificant slice of the U.S. population has skin in the game when it comes to Seoul avoiding a 25 per cent duty on its exports. Asian skin care has been a booming global business for a more than a decade, with consumers in Europe, North and South America, and increasingly the Middle East, snapping up creams, serums and balms from South Korea, Japan and China. In the United States and elsewhere, Korean cosmetics, or K-beauty for short, have dominated the trend. A craze for ...

'Asia must open up': ADB president says world won't return to pre-Trump era

Asian Development Bank (ADB) President Masato Kanda urges regional reform and integration, announces $10 bn each for Asean power grid and India's metro projects

Trump warns 15-20% tariffs for nations without US trade agreements

Trump told reporters his administration will notify some 200 countries soon of their new 'world tariff' rate

US-EU trade deal wards off escalation, to raise costs for firms, consumers

President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal that imposes 15% tariffs on most European goods, warding off Trump's threat of a 30% rate if no deal had been reached by August 1. The tariffs, or import taxes, paid when Americans buy European products could raise prices for US consumers and dent profits for European companies and their partners who bring goods into the country. Here are some things to know about the trade deal between the United States and the European Union: What's in the agreement? Trump and von der Leyen's announcement, made during Trump's visit to one of his golf courses in Scotland, leaves many details to be filled in. The headline figure is a 15% tariff rate on the vast majority of European goods brought into the US, including cars, computer chips and pharmaceuticals. It's lower than the 20% Trump initially proposed, and lower than his threats of 50% and then 30%. Von der Leyen said the two s

US wants India to eliminate tariffs upfront as trade deal deadline nears

USTR Greer indicates negotiations with India may spill beyond the Aug 1 deadline

Tech curbs? Not today: Trump courts China with chip diplomacy

Donald Trump paused planned curbs on Nvidia's H20 chip exports to China, prioritising trade ties and a Xi Jinping summit despite warnings from security experts and ex-officials