Page 48 - Latest Updates on Trump tariffs

US inflation likely worsened last month as Trump's tariffs start to bite

Inflation likely accelerated in June as sweeping tariffs on nearly all imports may have pushed up prices for electronics, appliances, and other goods, economists forecast. Consumer prices probably rose 2.6% last month from a year ago, up from an annual increase of 2.4% in May, according to data provider FactSet. The Labour Department will issue its inflation report at 8:30 a.m. eastern. On a monthly basis, prices likely rose 0.3% from May to June, the largest increase since January, economists project. Worsening inflation could pose a political challenge for President Donald Trump, who promised during last year's presidential campaign to immediately lower costs. The sharp inflation spike of 2022-2023 was the worst in four decades and soured most Americans on former president Joe Biden's handling of the economy. Faster price increases would also likely underscore the Federal Reserve's reluctance to cut its short-term interest rate, as Trump is loudly demanding. Excluding the volatil

Rupee sees mild gains as inflation cools; opens higher at 85.97/$

Indian rupee today: The domestic currency opened 2 paise higher at 85.97 against the dollar on Tuesday

EU ministers plan measures to counter Trump's 'unacceptable' 30% tariffs

EU trade ministers have agreed that US President Donald Trump's announcement of 30 per cent tariffs on the European Union was "absolutely unacceptable", and they are studying a new set of countermeasures to respond to the move. The ministers met Monday in Brussels following Trump's surprise announcement over the weekend of such hefty tariffs, which could have repercussions for governments, companies and consumers on both sides of the Atlantic. The EU is America's biggest business partner and the world's largest trading bloc. Maro efcovic, the EU's trade representative in its talks with the US, said after the meeting that it was "very obvious from the discussions today, the 30 per cent is absolutely unacceptable". He said that the commission was sharing proposals with the 27 member countries "for the second list of goods accounting of some 72 billion euros (USD 84 billion) worth of US imports. They will now have a chance to discuss it. This does not exhaust our toolbox and every ...

European ministers meet to forge strategy after surprise 30% US tariffs

European trade ministers are meeting in Brussels on Monday, following US President Donald Trump's surprise announcement of 30% tariffs on the European Union. The EU is America's biggest business partner and the world's largest trading bloc. The US decision will have repercussions for governments, companies and consumers on both sides of the Atlantic. We shouldn't impose countermeasures at this stage, but we should prepare to be ready to use all the tools in the toolbox, said Denmark's foreign minister, Lars Lkke Rasmussen, told reporters ahead of the meeting. So we want a deal, but there's an old saying: 'If you want peace, you have to prepare for war.' The tariffs, also imposed on Mexico, are set to start on Aug 1 and could make everything from French cheese and Italian leather goods to German electronics and Spanish pharmaceuticals more expensive in the US, and destabilise economies from Portugal to Norway. Meanwhile, Brussels decided to suspend retaliatory tariffs on US goods ..

Stock Market close highlights: IT drags Sensex 247 pts, Nifty at 25,082; SMIDs, realty stocks shine

Sensex Today | Stock Market close, Monday, July 14, 2025: In the broader markets, Nifty Midcap 100 and Smallcap index were up 0.71 per cent and 1.04 per cent, respectively

India exports to US to be more competitive after duty hike on China, others

Indian exports to the US will become more competitive following imposition of higher tariffs by the Trump administration on countries, including China, Canada, and Mexico, NITI Aayog said in a report on Monday. The Aayog in its third edition of 'Trade Watch Quarterly', said there will be significant opportunities for India in the US markets both in terms of the number of products and volume of the US market. "India is expected to gain competitiveness in 22 out of the top 30 categories (HS 2 level), representing a market size of USD 2,285.2 billion," the Aayog said. It further explained that China, Canada, and Mexico are the leading exporters to the US in these categories, therefore higher tariffs on these countries at 30 per cent, 35 per cent, and 25 per cent, respectively, will enhance India's competitiveness. The Aayog said India's competitiveness will remain unchanged in 6 out of 30 categories, amounting for 32.8 per cent exports to the US and 26 per cent of the US total imports

China's exports regain momentum in June as Trump tariff deadline nears

China's rare earths exports rose 32 per cent in June from May, according to customs data, suggesting that recent agreements to ease the flow of these critical metals may be showing results

Trump's weekend tariff threats to put US market's resilience to the test

Trump has ratcheted up trade measures, promising that more tariffs are coming to everyone from Canada to Brazil to Algeria and inviting trading partners to negotiate further

Rupee slides to open at 86 mark amid tariff tensions; inflation data eyed

Indian Rupee today: The domestic currency opened 20 paise lower at 86 against the dollar on Monday, according to Bloomberg

Mexico's 'cool-head' Trump approach tested by latest tariff threat

On Saturday, Trump blasted the country's response in a letter threatening 30 per cent tariffs, saying what Mexico has done is not enough

France's agriculture-food sector worst impacted by Trump tariffs

Officials from the European Commission, the EU's executive arm, are also trying to win concessions for particular sectors as part of a possible agreement

Heavy reliance on US forces govt to put up with Donald Trump's tantrums

Different countries have reacted differently to Trump's tantrums, but the global markets have remained reasonably steady, although nobody is sure of what he will do next

Amid growing chaos, American allies want to redraw trade map without US

Facing growing chaos, the EU and numerous other countries are seeking to forge a global trading group that is less vulnerable to Trump's tariffs

EU delaying retaliatory tariffs on US, hopes to reach deal by Aug 1

The EU will suspend retaliatory tariffs on US goods scheduled to take effect Monday in hopes of reaching a trade deal with the Trump administration by the end of the month. "This is now the time for negotiations," European Commission President Ursula von der Leyen told reporters in Brussels on Sunday, after President Donald Trump sent a letter announcing new tariffs of 30% on goods from the EU and Mexico starting Aug 1. The EU America's biggest trading partner and the world's largest trading bloc had been scheduled to impose "countermeasures" starting Monday at midnight Brussels time (6 pm EDT). The EU negotiates trade deals on behalf of its 27 member countries. Von der Leyen said those countermeasures would be delayed until Aug 1, and that Trump's letter shows "that we have until the first of August" to negotiate. European leaders have urged Trump and von der Leyen to give negotiations more time. "We have always been clear that we prefer a negotiated solution," she said. If they

Donald Trump hits EU, Mexico goods with 30% tariff effective Aug 1

The EU had hoped to reach a comprehensive trade agreement with the US for the 27-country bloc

US-India trade deal may cap tariffs below 20% as both sides continue talks

India may avoid steep US tariff demand letters as both nations work on interim trade deal; proposed pact could set base rate below 20 per cent with room for further negotiations

Crude connection: Refiners eye Canadian shores amid supply disruptions

Heavy grade crude from Alberta can be a stable alternative to Russian Urals

Rupee breaks 3-day gaining streak on renewed tariff threat by US

Traders are waiting developments on the anticipated tariff announcement between India and the US, which could significantly influence sentiment

Markets slump after new Trump threat; HDFC Bank, RIL, TCS lead losses

Indian markets fell amid renewed concerns over US trade policy after President Trump's 35% tariff announcement, with heavyweights like HDFC Bank, RIL, and TCS accounting for most of the losses

Trump imposes 35% tariff on Canadian imports to US, effective August 1

Trump imposes 35% tariff on Canadian imports from August 1, warns of escalation if Ottawa retaliates; move part of broader push for blanket tariffs on multiple trade partners