Page 44 - Latest Updates on Trump tariffs

Apple beats Trump tariffs, slow start in AI to deliver strong quarter

Apple shook off a thicket of tariffs and a botched entry into artificial intelligence to accelerate its revenue growth during its springtime quarter, but the trendsetting tech company still faces a bumpy road ahead that could lead to higher iPhone prices. The April-June results released Thursday came against a backdrop of adversity that has been raising worries about the trajectory of a longtime tech kingpin that expects to absorb a setback of nearly $2 billion from the tariffs that President Donald Trump has already imposed and others in the pipeline. Despite the doubts, Apple remains a moneymaking machine. The Cupertino, California, company earned $23.4 billion, or $1.57 per share, during its fiscal third quarter, a 9 per cent increase from the same time last year. Revenue climbed 10 per cent from a year ago to $94 billion. The company's iPhone sales surged 13 per cent from a year ago to $44.6 billion. In another positive development, Apple's business in China showed signs of ...

Trump signs order imposing new tariffs on trading partners from August 7

President Donald Trump on Thursday signed an executive order that set new tariffs on a wide swath of US trading partners to go into effect on August 7 the next step in his trade agenda that will test the global economy and sturdiness of American alliances built up over decades. The order was issued shortly after 7 pm on Thursday evening. It came after a flurry of tariff-related activity in the last several days, as the White House announced agreements with various nations and blocs ahead of the president's self-imposed Friday deadline. The tariffs are being implemented at a later date in order for the rates schedule to be harmonised, according to a senior administration official who spoke to reporters on a call on the condition of anonymity. The order capped off a hectic Thursday as nations sought to continue negotiating with Trump. It set the rates for 68 countries and the 27-member European Union, with a baseline 10% rate to be charged on countries not listed in the order. The ...

India readies for US tariff impact, rules out retaliation over Russia ties

New Delhi may not retaliate against US' 25% levy and Russia penalty

Trump dangles penalty sword to wean India away from Russia

While the penalty might be seen as a measure to rein in the Kremlin's revenues from its crude oil and arms sale and force Russia to end the Ukraine war

Trump tariffs may drag India's FY26 GDP growth by 20-40 bps: Economists

Apart from the 25 per cent tariff, Trump on Wednesday threatened to impose a penalty on India for buying Russian oil and defence equipment

Trump team 'frustrated' with India over trade, says US Treasury Secy

US Treasury Secretary accused India of refining and reselling Russian oil, calling the country 'not a great global actor'

On Trump's tariffs, India must take the long view, play a strategic game

They present near-term growth challenges, but India needs to play the long game

Trump scraps $800 import exemption, may dent India's e-commerce exports

The move may impact Indian online sellers and e-commerce companies, many of whom have built businesses around shipping small parcels

India stays firm on Russia ties, farm sector as Trump imposes fresh tariffs

Government sources say India won't retaliate immediately to US tariff move but will protect national interests in defence, dairy and agriculture

Trump strikes oil deal with Pakistan, says 'maybe they'll sell to India'

Trump announced a new oil partnership with Pakistan via Truth Social, saying both the nations would jointly develop reserves and hinting that Islamabad may one day supply oil to India

Trump tariffs may drag India's growth by 20-40 bps in FY26

Economists warn of a 0.2-0.4% GDP impact as key exports to US-pharma, smartphones, textiles-face higher duties; indirect effects on investment likely

Trump's tariff war on the world is making the Americans pay the price too

A new study by Yale University has estimated that Trump's tariff regime will result in an average income loss of $2,400 per household in the short term

India to safeguard national interests, says Piyush Goyal on US tariffs

Commerce and Industry Minister Piyush Goyal said India is assessing impact of Donald Trump's reciprocal tariff and will take all steps to protect exporters, MSMEs, farmers, and national interests

Cognizant undecided on salary hikes, plans rollout for most by year-end

Facing global uncertainty, Cognizant delays salary hike decision and targets second-half rollout while continuing to hire freshers and expand AI-driven roles

Stock market close highlights: Sensex sheds 296pts, Nifty at 24,768 on tariff woes; FMCG bucks trend

Stock Market Highlights, July 31, 2025: Among the sectoral front, Nifty FMCG index defied the market trends and settled higher with the gains of 1.44 per cent, led by Emami, and Hindustan Unilever

India's rice exports to stay resilient despite US tariff: Exporters' body

An association of rice exporters on Thursday said the 25 per cent tariff imposed by the US on Indian goods, including rice, will be a "temporary hurdle" and not a major disruption for the sector. The new tariff, effective from August 1, includes duties on Indian rice exports to the US, which stood around 2.34 lakh tonnes in FY'24, a small share of India's total 52.4 lakh tonnes of global basmati rice exports, the association said. "This tariff is a temporary hurdle, not a long-term roadblock. With strategic planning, diversification, and flexibility, Indian rice exporters can protect and even expand their presence in the US market," Indian Rice Exporters Federation (IREF) national president Prem Garg said. US President Donald Trump announced the imposition of a 25 per cent tariff on all goods coming from India starting August 1, plus an unspecified penalty for buying military equipment and crude oil from Russia. He noted that the US is not the top basmati market for Indian exporter

US announces 50% tariff on copper; to have limited impact on India

The US has announced a steep 50 per cent tariff on imports of semi-finished copper and copper-based products from August 1, a move which will have a limited impact on India's exports from this sector to America. A White House executive order, dated July 30, said that copper is being imported into the United States in quantities and under circumstances that threaten to impair the national security of the US. "...all imports of semi-finished copper products and intensive copper derivative products...shall be subject to a 50 per cent tariff. This tariff shall be effective with respect to goods entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 a.m. eastern daylight time on August 1, 2025, and shall continue in effect, unless such action is expressly reduced, modified, or terminated," it said. India exported copper products worth USD 360 million to the US in FY2025, including plates, tubes, and other semi-finished forms. These shipments will now be .

Nifty, Sensex recover from Trump tariff blow; Here's what drove the rebound

Market experts say the recovery in Nifty and Sensex was driven by limited macroeconomic impact, strong domestic buying, and hopes for further negotiations

China's small workshops are hurting. Trump's tariffs are only one reason

The US-Chinese cease-fire left exporters with crippling tariffs, worsening a slowdown for light-industry factories caused by China's shift to advanced manufacturing

Higher US tariffs may trim India's GDP growth by 30 bps: Barclays

The 25 per cent US tariffs, plus a penalty for Russian imports, could dent India's GDP growth by 30 basis points in the current fiscal, but the higher duty is unlikely to significantly affect India's domestic demand-driven economy, Barclays said on Thursday. If the 25 per cent tariff, announced by US President Donald Trump on Wednesday, is implemented from August 1, the effective average US import tariff on Indian goods will rise to 20.6 per cent in trade-weighted terms, as per Barclays estimates. This is sharply higher than both the pre 'liberation day' tariff rate of 2.7 per cent and the 90-day pause tariff rate of 11.6 per cent. In contrast, India's import tariff on US goods is lower, at 11.6 per cent in trade-weighted terms. Barclays said that given the relatively closed nature of the Indian economy, wherein domestic demand is the mainstay of growth. "We do not see this 25 per cent tariff threat impacting GDP growth meaningfully, pegging the likely impact at 30 bp. We expect ..