Page 46 - Latest Updates on Trump tariffs

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 ..

India may face growth, EPS risks as US slaps 25% tariffs: Goldman Sachs

Donald Trump's 25% tariff on Indian goods may slow growth, hurt exports and earnings; Indian stocks could stay weak as trade ties with the US face fresh tension, says Goldman Sachs report

India, Russia can take their dead economies down together: Donald Trump

Donald Trump lashes out at India's ties with Russia, calls both economies 'dead', warns Russia's Medvedev and announces a 25% US tariff on Indian exports

US policy towards India has taken 'unfortunate turn', says Kaushik Basu

According to him, the US now takes India for granted as never before

Textile stocks slip up to 9% on US tariff; should you buy, hold or sell?

In the medium to long term India's tariff rate are competitive with other major exporting countries and hence exports order will normalise once tariff effect gets absorbed in the market.

Bharat Forge to Tata Motors: Why did auto stocks fall in trade on Thursday?

Bharat Forge and Samvardhana Motherson International shares fell over 3 per cent each after Trump imposed a 25 per cent tariff

Sensex crashes 786 points intraday, recovers; check key reasons here

Why stock markets are falling: US Trump tariffs, F&O expiry, and FII selling are some of the reasons why Sensex, Nifty are down today

RIL, BPCL lead market sell-off; here's why Oil & Gas stocks are falling

Mukesh Ambani-led Reliance Industries, India's largest company by market capitalisation, dropped 2 per cent, contributing significantly to the sector's weakness

Triumphant in trade talks, Trump, his tariffs still face challenge in court

President Donald Trump has been getting his way on trade, strong-arming the European Union, Japan and other partners to accept once unthinkably high taxes on their exports to the United States. But his radical overhaul of American trade policy, in which he's bypassed Congress to slam big tariffs on most of the world's economies, has not gone unchallenged. He's facing at least seven lawsuits charging that he's overstepped his authority. The plaintiffs want his biggest, boldest tariffs thrown out. And they won Round One. In May, a three-judge panel of the US Court of International Trade, a specialised federal court in New York, ruled that Trump exceeded his powers when he declared a national emergency to plaster taxes tariffs on imports from almost every country in the world. In reaching its decision, the court combined two challenges one by five businesses and one by 12 US states into a single case. Now it goes on to Round Two. On Thursday, the 11 judges on the US Court of Appe