Page 51 - Latest Updates on Trump tariffs

US close to deal with India, says Trump as he announces new tariff rates

Donald Trump unveils tariffs on 14 countries effective August 1; says US is nearing a trade agreement with India as part of broader reciprocal duties

Wall Street falls as fears over Trump's new tariffs weigh on markets

Stocks fell on Wall Street as the Trump administration stepped up pressure on trading partners to make deals before punishing tariffs imposed by the US take effect. The S&P 500 lost 0.8 per cent Monday. The Dow Jones Industrial Average gave back 0.9 per cent, and the Nasdaq composite fell 0.9 per cent. Tesla tumbled as the feud between CEO Elon Musk and President Donald Trump reignited over the weekend. Musk, once a top donor and ally of Trump, said he would form a third political party in protest over the Republican spending bill that passed last week. US stocks are losing ground in afternoon trading Monday as the Trump administration steps up pressure on trading partners to make deals before punishing tariffs imposed by the US take effect. The S&P 500 was down 1.2 per cent in the first day of trading in the US after a holiday-shortened week. The benchmark index remains near its all-time high set last week. The Dow Jones Industrial Average was down 641 points, or 1.4 per ...

Trump to impose 25% tariff on South Korean, Japanese goods from Aug 1

US President Donald Trump to impose 25% tariff on imports from South Korea and Japan starting August 1, 2025, citing persistent trade deficits and unfair tariff and non-tariff barriers

Trump threatens 10% tariff on nations backing 'anti-America' Brics policies

Brics summit renews calls to reduce dollar reliance and boost Global South; Trump vows to penalise countries supporting bloc's 'anti-American' agenda

'Brics not aimed at any country', says China after Trump's tariff warning

China defended Brics as a non-confrontational bloc, responding to Donald Trump's threat to impose a 10 per cent tariff on any country aligning with what he called 'anti-American' policies

Rupee sees selloff on Trump's Brics tariffs; ends 47 paise lower at 85.86/$

Indian Rupee today: The domestic currency closed 47 paise lower at 85.86 against the dollar on Monday, the worst fall since June 13

How European Union got stuck between Xi's China and Trump's America

Many European countries remain heavily dependent on China for industrial materials. And European exports to China remain substantial, especially from Germany

Stock Market Close: RIL, FMCG shares shine as Sensex, Nifty end rangebound session marginally in red

Sensex today | Stock Market close, July 7, 2025: The NSE MidCap 100 index was down 0.27 per cent, while NSE SmallCap 100 index was down 0.44 per cent

Sensex, Nifty trade flat as tariff updates keep D-street mood in check

From the Sensex pack, Hindustan Unilever (HUL), NTPC, Asian Paints and Reliance were among the top gainers.

Asia stocks fall on US tariff uncertainty, oil slips on Opec+ move

The United States is close to finalising several trade agreements in the coming days and will notify other countries of higher tariff rates by July 9

Rupee slips on Trump's additional 10% Brics tariff; opens lower at 85.57/$

Indian Rupee today: The domestic currency opened 18 paise lower at 85.57 against the dollar on Monday, according to Bloomberg

Trump eyes trade deals before deadline, but hints at more time for talks

The Trump administration is stepping up pressure on trading partners to quickly make new deals before a Wednesday deadline, with plans for the United States to start sending letters Monday warning countries that higher tariffs could kick in August 1. That furthers the uncertainty for businesses, consumers and America's trading partners, and questions remain about which countries will be notified, whether anything will change in the days ahead and whether President Donald Trump will once more push off imposing the rates. Trump and his top trade advisers say he could extend the time for dealmaking but they insist the administration is applying maximum pressure on other nations. Kevin Hassett, director of the White House National Economic Council, told CBS' Face the Nation on Sunday that Trump would decide when it was time to give up on negotiations. The United States is always willing to talk to everybody about everything, Hassett said. There are deadlines, and there are things that a

Mukesh Ambani bets big on US ethane amid shifting global trade dynamics

Mukesh Ambani's Reliance ramps up US ethane imports as India shifts from naphtha-based production, reshaping petrochemical supply chains amid evolving global trade and energy dynamics

US tariffs to take effect on August 1, says Trump as deals near completion

President Trump confirms tariff hikes will take effect on August 1, with letters and agreements set to go out ahead of the deadline

Best of BS Opinion: US trade deal or not, India must cast its net wider

Today's pieces cover a wide expanse, from India's trade deals with the rest of the world to China's attempt to trip Indian manufacturing, to the world's struggle to enforce rules

Trump tariffs loom as Brics meets in Rio; PM Modi bats for Indian pharma

Modi seeks deeper pharma ties in Argentina, Trinidad

Trump's tariff deadline arrives, set to bring clarity to global trade ties

Heading into the final days before the July 9 deadline, negotiators are scrambling to come up with trade pacts

Brazil set to host Brics Summit, eager to avoid provoking Trump's ire

Brazil will play host to a summit of the BRICS bloc of developing economies Sunday and Monday during which pressing topics like Israel's attack on Iran, the humanitarian crisis in Gaza and trade tariffs imposed by US President Donald Trump are expected to be handled with caution. Analysts and diplomats said the lack of cohesion in an enlarged BRICS, which doubled in size last year, may affect its ability to become another pole in world affairs. They also see the summit's moderate agenda as an attempt by member countries to stay off Trump's radar. Brazilian President Luiz Inacio Lula da Silva will have some of his priorities, such as debates on artificial intelligence and climate change, front and center for the talks with key leaders not in attendance. China's President Xi Jinping won't attend a BRICS summit for the first time since he became his country's leader in 2012. Russian President Vladimir Putin, who will make an appearance via videoconference, continues to mostly avoid ...

India-US trade deal awaits Trump's nod ahead of July 9 tariff deadline

The first phase of the India-US trade pact is ready and awaits Trump's approval, with a possible signing before the July 9 deadline to avoid additional tariffs on Indian goods

'Modi will meekly bow to Trump': Rahul Gandhi slams PM over tariff deadline

Rahul Gandhi targets PM Narendra Modi over looming US tariff deadline as India continues trade talks; failure to finalise a deal by July 9 could trigger 26 per cent duty on key Indian exports to US