Page 48 - Latest Updates on Trump tariffs

Stock market close highlights: Sensex drops 542 pts, Nifty at 25,062; IT, realty weigh

Sensex Today | Stock Market close highlights on Thursday, July 24, 2025: In the broader markets, the Nifty MidCap 100 index, and the Nifty SmallCap 100 index dropped 0.58 per cent and 1.09 per cent

EU's central bank to hold off on another rate cut to anticipate tariff blow

The European Central Bank will likely hold off on making another interest rate cut Thursday, choosing to wait until it can measure the size of any economic blow from higher US tariffs. The ECB has already cut rates eight times since June of last year and President Christine Lagarde said after the last policy meeting June 5 that the central bank is getting to the end of a monetary policy cycle." The monetary authority for the 20 countries that use the euro currency has been lowering rates to support growth after raising them in 2022-2023 to snuff out inflation caused by Russia's invasion of Ukraine and the rebound after the pandemic. With the bench mark rate now at 2 per cent, down from a record high of 4 per cent, analyst think there could be one more rate cut coming, but only in September. The reason, say analysts: The ECB's policymakers simply don't know the outcome of talks between the EU's executive commission and the Trump administration. Trump first set a 20 per cent tariff

Indian Rupee gains amid soft dollar index; opens higher at 86.33/$

India Rupee today: The domestic currency opened 9 paise higher at 86.33 against the dollar on Thursday

US automakers say Trump's Japan tariff deal puts them at a disadvantage

US automakers are concerned about President Donald Trump's agreement to tariff Japanese vehicles at 15%, saying they will face steeper import taxes on steel, aluminum and parts than their competitors. We need to review all the details of the agreement, but this is a deal that will charge lower tariffs on Japanese autos with no US content, said Matt Blunt, president of the American Automotive Policy Council, which represents the Big 3 American automakers, General Motors, Ford and Jeep-maker Stellantis. Blunt said in an interview the US companies and workers definitely are at a disadvantage because they face a 50% tariff on steel and aluminum and a 25% tariff on parts and finished vehicles, with some exceptions for products covered under the United States-Mexico-Canada Agreement that went into effect in 2020. The domestic automaker reaction reveals the challenge of enforcing policies across the world economy, showing that for all of Trump's promises there can be genuine tradeoffs from

Coercive bilateralism: New world order defined by how trade deals are made

For India, the challenge is to strike a balance between tactical necessity and economic priorities

Rupee closes near one-month low; ends 5 paise lower at 86.42/$

Indian Rupee today: The domestic currency closed 5 paise lower at 86.42 against the dollar on Wednesday

Stock market close highlights: Sensex up 540 pts; Nifty at 25,220; auto, banks, metal lead rally

Sensex Today | Stock market close highlights on Wednesday, July 23, 2025: In the broader markets, the Nifty MidCap 100 closed with gains of 0.34 per cent, while the Nifty SmallCap 100 ended flat

Trump announces Asia trade deals, offers relief to some, others await

US President Donald Trump has announced trade deals with Japan and a handful of other Asian countries that will relieve some pressure on companies and consumers from sharply higher tariffs on their exports to the United States. A deal with China is under negotiation, with US Treasury Secretary Scott Bessent saying an Aug 12 deadline might be postponed again to allow more time for talks. Steep tariffs on US imports of steel and aluminum remain, however, and many other countries, including South Korea and Thailand, have yet to clinch agreements. Overall, economists say the tariffs inevitably will dent growth in Asia and the world. The deals reached so far, ahead of Trump's Aug 1 deadline Trump and Japanese Prime Minister Shigeru Ishiba announced a deal Wednesday that will impose 15 per cent tariffs on US imports from Japan, down from Trump's proposed 25 per cent reciprocal tariffs. It was a huge relief for automakers like Toyota Motor Corp and Honda, whose shares jumped by double di

Rupee trades near one-month low despite tariff cheers; opens at 86.41/$

Indian Rupee today: The domestic currency opened 4 paise lower at 86.41 against the dollar on Wednesday, according to Bloomberg

Trump slaps 19% tariffs on Philippines, Indonesia; US to face zero duties

US President Donald Trump imposed a 19 per cent tariff on the Philippines after meeting with President Ferdinand Marcos Jr at the White House. He also lowered the tariffs on Indonesia from 32 per cent

Trump lowers Japan's tariff rate to 15%, says Tokyo to invest $550 bn in US

At a White House event, Trump also hinted at signing a joint venture deal with Japan to export liquefied natural gas from Alaska

General Motors profit falls as Trump tariffs add $1.1 billion in costs

GM hasn't moved to raise already high average sticker prices enough to recoup tariff costs, instead opting to absorb the blow by cutting costs and repatriating some production

Stock Market close: Sensex gains 443 pts, Nifty at 25,091; Midcaps shine; bank, metal stocks rally

Sensex Today | Stock Market close, Monday, July 21, 2025:In the broader markets, the Nifty Midcap 100 rose 0.66 per cent, led by gains in Persistent Systems, UPL and L&T Finance

Aug 1 is hard tariff deadline, but US open to talks: Commerce Secy Lutnick

India-US trade talks continue with agriculture remaining a major sticking point for both nations as they try to reach an interim deal before the August 1 deadline

PM must be present for Parl debate on 'Pahalgam-Op Sindoor-Trump': Cong

With the Monsoon session of Parliament starting on Monday, the Congress said Prime Minister Narendra Modi owes it to the country to be present when the issue of 'Pahalgam-Operation Sindoor-President Trump' is finally taken up for discussion. Congress general secretary in-charge communications Jairam Ramesh also took a swipe at Modi over his foreign visit this week, saying "48 hours later, the Super Premium Frequent Flyer" will start yet another foreign visit and the "people of Manipur will have more cause for disappointment". Prime Minister Modi will pay a four-day visit to the United Kingdom and the Maldives from Wednesday to shore up overall bilateral ties and formalise the landmark India-UK free trade deal. In a post on X before the start of the session, Ramesh said, "Very shortly the nattily dressed Prime Minister will give his usual Desh ke Naam Sandesh through the media outside the Parliament Building before the commencement of the Monsoon Session of Parliament. This will be .

Fed keeps Trump waiting as central banks worldwide begin rate cuts

The US president's tariff onslaught is likely to force further measured easing in coming months by most of the 23 central banks featured in this quarterly guide on the global monetary outlook

Asian markets, yen steady after Japan poll; focus turns to tech, trade

In Japan, the ruling coalition lost control of the upper house in an election on Sunday, further weakening Prime Minister Shigeru Ishiba's grip on power as a tariff deadline looms

China's industrial sectors at risk as Trump tariffs exceed profit margins

The findings underscore the economic risks that tariffs pose to the world's second largest economy at a time when domestic consumption remains sluggish

India, US conclude fifth round of talks on proposed trade pact: Official

India and the US teams have concluded the fifth round of talks for the proposed bilateral trade agreement (BTA) in Washington on July 17, an official said. The negotiations were held for four days (July 14-17) in Washington. "The Indian team is coming back," the official said. India's chief negotiator and special secretary in the department of commerce Rajesh Agrawal leads the team for negotiations. These deliberations are important as both sides are looking at finalising an interim trade deal before August 1, which marks the end of the suspension period of the Trump tariffs imposed on dozens of countries including India (26 per cent). On April 2 this year, US President Donald Trump announced these high reciprocal tariffs. The implementation of high tariff was immediately suspended for 90 days till July 9 and later till August 1 as America is negotiating trade deals with a number of countries. Issues related to agriculture and automobiles are learnt to have figured during the fif

Stock Market close: Sensex falls 501 pts in choppy trade, Nifty at 24,968; SMIDs dip; Banks top drag

Sensex Today | Stock Market close, Friday, July 18, 2025: The Nifty Midcap 100 index fell 0.7 per cent and Nifty Smallcap 100 was down 0.82 per cent