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Page 47 - Latest Updates on Trump tariffs

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

Trump warns 15-20% tariffs for nations without US trade agreements
Updated On : 28 Jul 2025 | 11:29 PM IST

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-EU trade deal wards off escalation, to raise costs for firms, consumers
Updated On : 28 Jul 2025 | 11:01 PM IST

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

US wants India to eliminate tariffs upfront as trade deal deadline nears
Updated On : 28 Jul 2025 | 11:32 PM IST

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

Tech curbs? Not today: Trump courts China with chip diplomacy
Updated On : 28 Jul 2025 | 3:29 PM IST

Bangladesh offers to buy 25 jets from Boeing to sway Trump on tariffs

Dhaka last week also signed an initial agreement with US wheat growers to import 700,000 tonnes of the grain annually over five years

Bangladesh offers to buy 25 jets from Boeing to sway Trump on tariffs
Updated On : 28 Jul 2025 | 11:40 AM IST

Explained: What is the new 15% US-EU tariff deal and what does it cover?

Donald Trump and EU chief von der Leyen agree to 15 per cent tariffs on most EU goods, avoiding a 30 per cent hike; deal includes zero tariffs on select items, major energy buys, but key gaps remain

Explained: What is the new 15% US-EU tariff deal and what does it cover?
Updated On : 28 Jul 2025 | 10:37 AM IST

Rupee edges higher ahead of Fed-driven week; opens higher at 86.47/$

Indian Rupee today: The domestic currency opened 4 paise higher near the one-month low mark of 86.47 against the dollar on Monday

Rupee edges higher ahead of Fed-driven week; opens higher at 86.47/$
Updated On : 28 Jul 2025 | 9:26 AM IST

Best of BS Opinion: FTA with UK a clear shift in India's stance on trade

Our daily wrap of today's Opinion page traverses the India-UK FTA, what the RBI needs to do to make the financial inclusion index more transparent, US tariffs, and the Jane Street affair

Best of BS Opinion: FTA with UK a clear shift in India's stance on trade
Updated On : 28 Jul 2025 | 6:15 AM IST

Markets aren't overheated at current levels: Rahul Arora of Nirmal Bang

Markets have already scaled a wall of worry - from tariff tensions and border skirmishes to unrest in West Asia, says Arora

Markets aren't overheated at current levels: Rahul Arora of Nirmal Bang
Updated On : 27 Jul 2025 | 11:11 PM IST

A shift in mindset: India-UK trade deal paves way for those with EU, US

The question is how much this shift in mindset can be applied now to other trading partners, particularly the European Union (EU)

A shift in mindset: India-UK trade deal paves way for those with EU, US
Updated On : 27 Jul 2025 | 10:07 PM IST

Tariffs create the wrong jobs: Should US really be making T-shirts, shoes?

It should be noted that most developing countries that have sought to negotiate Mr Trump's threatened tariff rates downwards have had limited success

Tariffs create the wrong jobs: Should US really be making T-shirts, shoes?
Updated On : 27 Jul 2025 | 9:47 PM IST

Trump's meeting with key European official comes as tariff deadline nears

Donald Trump is meeting Sunday with European Commission President Ursula von der Leyen, taking a break from golfing in Scotland to discuss trade as both sides seek an agreement on tariff rates now that the White House's deadline to impose stiff tariff rates is looming. Trump played golf Saturday at his course in Turnberry on the southwest coast of Scotland and is expected to hit the links again frequently during his five-day visit. On Tuesday, he'll be in Aberdeen, in northeast Scotland, where his family has another golf course and is opening a third next month. Trump and his son Eric are planning to help cut the ribbon on the new course, where public tee times starting Aug. 13 are already on offer. The visit with von der Leyen is expected to be behind closed doors and few further details have been released. Leaving the White House on Friday, Trump said we have a 50-50 chance, maybe less than that, but a 50-50 chance of making a deal with the EU. He said the deal would have to buy

Trump's meeting with key European official comes as tariff deadline nears
Updated On : 27 Jul 2025 | 10:23 AM IST

India-US trade deal will be a game changer for investors: Arvind Panagariya

Open access to US and EU markets will make India a highly attractive destination for global investors, says Finance Commission Chairman Panagariya

India-US trade deal will be a game changer for investors: Arvind Panagariya
Updated On : 26 Jul 2025 | 11:57 AM IST

Trump's private Scotland visit poses diplomatic test for UK's Starmer

The two leaders have struck up an unlikely partnership this year, with Trump repeatedly commenting on their positive working relationship in spite of the Starmer's left-wing politics

Trump's private Scotland visit poses diplomatic test for UK's Starmer
Updated On : 26 Jul 2025 | 8:16 AM IST

Sensex tanks 700 points: 3 reasons behind the market fall

While India has signed a trade agreement with the UK, D-Street's focus remains firmly on the prospective trade deal between New Delhi and Washington.

Sensex tanks 700 points: 3 reasons behind the market fall
Updated On : 25 Jul 2025 | 1:58 PM IST

US earns well on Trump's tariffs; country's custom revenues cross $100 bn

Increased customs revenue produced a surplus budget for America in June

US earns well on Trump's tariffs; country's custom revenues cross $100 bn
Updated On : 25 Jul 2025 | 12:15 PM IST

Chinese smartphone prices drop 45% in US as export volumes crash in June

Chinese smartphone exports to the US plunged 71% in June, despite a 45% drop in average prices amid tariff tensions

Chinese smartphone prices drop 45% in US as export volumes crash in June
Updated On : 25 Jul 2025 | 11:31 AM IST

China's stealthy solar exports stay one step ahead of US trade tariffs

In recent months, Batam, a duty-free Indonesian enclave a short ferry ride from Singapore, has become a key waypoint in a convoluted global shuffle

China's stealthy solar exports stay one step ahead of US trade tariffs
Updated On : 25 Jul 2025 | 8:54 AM IST

Asian stocks slip from highs, dollar gains ahead of crucial 'tariff' week

Japan's broad Topix index, which had jumped more than 5 per cent over the previous two sessions to reach an all-time high, pulled back 0.7 per cent

Asian stocks slip from highs, dollar gains ahead of crucial 'tariff' week
Updated On : 25 Jul 2025 | 8:15 AM IST

Trump raises base tariff to 15%, hints at 50% cap ahead of Aug 1 deadline

New US tariffs starting August 1 will range from 15% to 50%, with tougher terms for nations with strained ties; India pursues interim pact amid deadline pressure

Trump raises base tariff to 15%, hints at 50% cap ahead of Aug 1 deadline
Updated On : 24 Jul 2025 | 11:00 PM IST