Page 47 - Latest Updates on Trump tariffs

Trump urges Supreme Court to reject early challenge to his tariffs

Trump's import taxes remain in effect even though two courts have said many of them exceed the president's powers

India should negotiate trade deal with US on its own terms: EAC-PM chief

India should negotiate a trade agreement with the US on its own terms, keeping in view the national interest, Economic Advisory Council to the Prime Minister (EAC-PM) Chairman S Mahendra Dev has said. Dev expressed hope that India will have an advantage over other countries on tariffs once the Free Trade Agreements (FTAs) are signed, and it would boost exports. "The overall approach of India is negotiating trade agreements with countries on its own terms and keeping in view the national interests. The negotiations are going on and the ultimate decision depends on the mutual interests of both countries," he told PTI. US President Donald Trump has said the proposed trade deal with India would be on the lines of what America has finalised with Indonesia on Tuesday. Under the US-Indonesia trade pact, the Southeast Asian nation will provide complete access to its market to US products, while Indonesian goods would attract a 19 per cent duty in America. In addition, Indonesia has commit

Trump reaps $50 bn from tariffs as world 'chickens out' from retaliation

Data from the US Treasury shows that the US customs revenue soared significantly in the second quarter to $64 billion, up $47 billion from the same period last year

Rupee closes above 86 mark; Trump-Powell tensions weigh on Asian currencies

Indian Rupee today: The domestic currency closed 14 paise lower at 86.08 against the dollar on Thursday, according to Bloomberg

Stock Market close: Sensex falls 375 pts, Nifty at 25,111; IT, banks drag; realty outperforms

Sensex Today | Stock Market close, Thursday, July 17, 2025: In the broader markets, the Nifty MidCap index fell 0.27 per cent, and the Nifty SmallCap index was down by 0.18 per cent

Trump likely to impose 10-15% tariff rates for more than 150 countries

In an interview with Real America's Voice on Wednesday, Trump said that his administration has not yet decided on the rate yet, adding that it would probably be 10 or 15 per cent

Rupee bucks Asian trend; opens higher amid Trump-Powell tensions

Indian Rupee today: The domestic currency opened 3 paise higher at 85.91 against the dollar on Thursday, according to Bloomberg

Donald Trump signals over 10% tariffs in India-US trade deal framework

On Tuesday, Trump said the bilateral trade pact with Indonesia would result in tariff- and non-tariff-barrier-free access for US goods to the Indonesian market

Trump likely to announce pharma tariffs as high as 200% this month

Donald Trump's plan to impose pharma tariffs could hit Indian drugmakers like Biocon, Lupin, and Sun Pharma, with new levies starting August 1

US will have Indonesia-type trade deal with India: Donald Trump

US President Donald Trump has said that the proposed trade deal with India would be on the lines of what America has finalised with Indonesia on Tuesday. Under the US-Indonesia trade pact, the Southeast Asian nation will provide complete access to its market to US products, while Indonesian goods would attract a 19 per cent duty in America. In addition, Indonesia has committed to purchasing USD 15 billion in US energy, USD 4.5 billion in American Agricultural Products, and 50 Boeing jets. Later, while talking to reporters, Trump said: "India is basically working along that same line. We are going to have access into India. You have to understand, we had no access to any of these countries. Our people couldn't go in, and now we are getting access because of what we are doing with the tariffs The Indian team is in Washington for the fifth round of negotiations for the proposed bilateral trade agreement (BTA). Commenting on Trump's remarks, economic think tank GTRI said if India were

We will have access to India, says Trump after striking Indonesia deal

Trump announces full US market access and reduced tariff for Indonesia and says India is working along the same line in securing a trade deal

Rupee drops amid firm dollar; ends 12 paise lower at 85.94/$

Indian Rupee today: The domestic currency closed 12 paise lower at 85.94 against the dollar on Wednesday, according to Bloomberg

Stock Market close highlights: Sensex flat, Nifty at 25,212; PSBs outperform; India VIX down 2%

Sensex Today | Stock Market close, Wednesday, July 16, 2025: In the broader markets, the Nifty MidCap 100 index and Nifty Smallcap 100 also settled on a flat note

Tariff-free trade deal unlikely with US, says Canadian PM as deadline nears

Canada's PM Mark Carney says the chances of a tariff-free trade deal with the US are slim as Donald Trump is set to impose 35% tariffs on Canadian imports from August 1

Will place tariffs of over 10% on smaller countries, says Donald Trump

President Donald Trump told reporters Tuesday that he plans to place tariffs of over 10 per cent on smaller countries, including nations in Africa and the Caribbean. "We'll probably set one tariff for all of them," Trump said, adding that it could be "a little over 10 per cent tariff" on goods from at least 100 nations. Commerce Secretary Howard Lutnick interjected that the nations with goods being taxed at these rates would be in Africa and the Caribbean, places that generally do relatively modest levels of trade with the US and would be relatively insignificant for addressing Trump's goals of reducing trade imbalances with the rest of the world. The president has this month been posting letters to roughly two dozen countries and the European Union that simply levied a tariff rate to be charged starting August 1. Those countries generally faced tax rates on the goods close to the April 2 rates announced by the US president, whose rollout of historically high import taxes for the U

India, Asean drift apart as Trump tariffs strain trade ties and trust

Trump might be the immediate cause of this rift, but, as always, China's massive manufacturing overcapacity is at the heart of the problem

'Capital market-related stocks already discount couple of years of growth'

The margin of safety in capital market stocks for near-term investors is limited

Stock market close: Sensex up 317 pts, Nifty at 25,196 as markets snap 4-day fall; all sectors gain

Sensex Today | Stock Market close, Tuesday, July 15, 2025: In the broader markets, the Nifty MidCap index and the Nifty SmallCap index rose around 0.95 per cent each

Importers delay clearances for US dry fruits to avoid high import duties

Indian dry fruit importers are expecting a cut of nearly 50 per cent in import duties on US-origin shipments and are delaying customs clearances to avoid losses if duties are reduced after clearance

Trump's Russia threat puts spotlight on India, China crude oil imports

Russian flows to India reached 2.1 million barrels a day in June, the biggest monthly intake in nearly a year, and close to the record set in May 2023, data from Kpler show