Page 55 - Latest Updates on Trump tariffs

'Someone has to pay': Fed chair warns on tariffs as inflation risks grow

Despite holding rates, Fed eyes inflation risks from tariffs; Jerome Powell says price hikes likely as retailers pass costs to consumers over summer

Trump policies driving firms to explore markets beyond US: McKinsey chief

To counteract the impact of tariffs, McKinsey is increasingly working with clients to cut costs, adopt more 'frugality' when it comes to capital expenditures

Trump to extend TikTok's deadline by 90 days; to sign order: White House

President Trump has signed an executive order delaying the ban on TikTok for a third time, giving ByteDance 90 more days to secure a divestment deal

Illinois toy firm takes Trump tariffs to SC in long shot bid for quick win

An Illinois toy company challenged President Donald Trump's tariffs in front of the Supreme Court on Tuesday in a long shot bid to press the justices to quickly decide whether they are legal. Learning Resources Inc filed an appeal asking the Supreme Court to take up the case soon rather than let it continue to play out in lower courts. The company argues the Republican president illegally imposed tariffs under an emergency powers law rather than getting approval from Congress. While the company won an early victory in a lower court, the order is on hold as an appeals court considers a similar ruling putting a broader block on Trump's tariffs. The appeals court has allowed Trump to continue collecting tariffs under the emergency powers law ahead of arguments set for late July. The company argued in court documents the case can't wait that long, in light of the tariffs' massive impact on virtually every business and consumer across the Nation, and the unremitting whiplash caused by th

TikTok ban on hold? Trump hints at more time for ByteDance to sell app

Donald Trump hints at extending ByteDance's TikTok sale deadline, after twice delaying a ban initially set under the 2023 law citing national security and data privacy concerns

At G7 summit, Donald Trump backs return of Russia, hints at adding China

At the G7 summit, Trump said Russia's exclusion has complicated diplomacy and floated including China, drawing sharp contrasts with other leaders

US, UK say they've cemented trade agreement, Trump says 'fair' for both

US President Donald Trump and Prime Minister Keir Starmer said Monday that they are signing a trade deal that will slash tariffs on goods from both countries. The deal does not include tariffs on steel, an especially important piece of bilateral trade. Instead, talks are still going on about whether steel tariffs will be cut to zero as planned in the provisional agreement. Trump and Starmer announced in May they'd struck an agreement that would slash US import taxes on British cars, steel and aluminum in return for greater access to the British market for US products including beef and ethanol. But it did not immediately take effect, leaving British businesses uncertain about whether the UK could be exposed to any surprise hikes from Trump. British businesses, and the UK government, were blindsided earlier this month when Trump doubled metals tariffs on countries around the world to 50 per cent. He later clarified the level would remain at 25 per cent for the UK. Starmer said Mond

Donald Trump, Japan's Ishiba fail to reach trade deal at G7 Summit

Failure to secure a concrete deal may undermine Ishiba's leadership ahead of next month's upper house polls, despite his hopes of the summit marking a breakthrough in ongoing tariff talks

JLR trims FY26 margin forecast to 5%-7% as US tariffs cast shadow

JLR's EBIT margin forecast was also below its reported margin of 8.5 per cent for the previous fiscal year

G7 leaders meet in Canada amid West Asia crisis, US tariff concerns

Leaders of some of the world's biggest economic powers will arrive in the Canadian Rockies on Sunday for a Group of Seven summit overshadowed by a widening war across the Middle East and US President Donald Trump's unresolved trade war with allies and rivals alike. Israel's strikes on Iran and Tehran's retaliation, which appeared to catch many world leaders unawares, is the latest sign of a more volatile world as Trump seeks to withdraw the US from its role as world policeman. Speaking on a flight to Canada to attend the summit, British Prime Minister Keir Starmer said he had discussed efforts to de-escalate the situation with Trump and Israeli Prime Minister Benjamin Netanyahu, as well as other world leaders. Britain is sending Royal Air Force jets and other military reinforcements to the Middle East. We do have longstanding concerns about the nuclear program Iran has. We do recognise Israel's right to self-defense, but I'm absolutely clear that this needs to de-escalate. There is

Let discipline and patience do the compounding, says Anup Maheshwari

Anup Maheshwari, cofounder and chief investment officer at 360 ONE Asset, urges investors to stay disciplined, avoid the noise, and focus on long-term growth

America didn't do immigration policies well: JPMorgan CEO Jamie Dimon

America has not done immigration policies well, JPMorgan Chase Chairman and CEO Jamie Dimon said, voicing support for merit-based immigration. America is indispensable. It's not indispensable because we're better. It's indispensable because (we have) the best military in the world, the most prosperous nation in the world, the best economy in the world, the best technology, the roots of that technology, the freedoms we have. It's what brought people here, Dimon said. His remarks came during a conversation with Databricks CEO and Co-founder Ali Ghodsi at the Data + AI Summit 2025 in San Francisco last week. Dimon added that "America's role is indispensable. That role is economic, it's military, it's education, it's allowing people to come here, want to stay here, like more merit-based, which we should be doing. That's the most important thing." He recalled that his grandparents were Greek immigrants who never went to high school. Dimon said he has a list of policies that America did

Foxconn ships 97% of iPhones from India to US as Apple dodges China tariffs

In May 2025, Foxconn shipped nearly $1 billion in iPhones from India to the US; Jan-May exports hit $4.4 billion, already surpassing 2024's full-year total of $3.7 billion

Nifty Auto slips 2% after US President Trump warns of hiking auto tariffs

Auto stocks fell in trade on Friday with Nifty Auto plunging over 2 per cent as US President Donald Trump warns to hike auto tariffs

Is a financial crisis in the offing? Watch US rules, not shadow banks

Financial crises cause greater loss of economic output than macroeconomic crises. They are also more difficult to get out of

Stock Market close highlights: Sensex crashes 823 pts, Nifty below 24,900; all sectors settle in red

Sensex Today | Stock Market close, Thursday, June 12, 2025: The Nifty Midcap100 and Nifty Smallcap100 index settled in red, down by 1.73 per cent and 1.90 per cent, respectively

India-EU FTA nears completion, says Goyal; focus now on non-tariff barriers

Piyush Goyal's remarks come just days after he claimed that the FTA between India and the four-nation European bloc will bring stability, predictability, and continuity to businesses in the regions

Rupee gains for sixth day on weak dollar; opens higher at 85.43/$

Indian Rupee today: The domestic currency appreciated 8 paise to open at 85.43 against the dollar, after closing at 85.51 on Wednesday

Trump open to extending July 9 trade talks deadline, to send out letters

The US President also announced that they would soon start sending out letters, possibly in the coming weeks, mentioning the terms of trade deals to dozens of other countries

US tariff revenue hits record high in May, helping cut budget deficit

The Treasury Department recorded $23 billion in customs-duties revenue for May, according the agency's monthly budget statement