Page 58 - Latest Updates on Trump tariffs

Trump tariffs to shrink US economic growth to 1.6%, global to 2.9%: OECD

The OECD notes that Trump's policies have raised average US tariff rates from around 2.5 per cent when he returned to the White House to 15.4 per cent, highest since 1938

Markets stuck between rich valuation, tepid growth; SMIDs at risk: Report

Stock Market Outlook: The valuations of the Indian market and of most sectors and stocks are quite rich and well above fair values, cautioned Sanjeev Prasad of Kotak Institutional Equities

Trump, Xi Jinping likely to hold talks this week, says White House

The anticipated conversation follows months of faltering trade negotiations and mutual tariff cuts, raising hopes of a breakthrough in the prolonged US-China trade war

Would be delighted for India to produce a wide range of products: Lutnick

While the US is concerned about India's high tariffs, Commerce Secretary Howard Lutnick said the two countries could find common ground in a new trade agreement

Rupee opens lower at 85.39/$ as high crude prices offset weak dollar

Indian Rupee today: The domestic currency opened 13 paise lower at 85.39 against the greenback, after closing at 85.52 on Monday

India-US trade deal likely in not-too-distant future: Commerce Secy Lutnick

Lutnick also suggested that India is likely to get more favourable terms from being one of the first pacts agreed

US pushes countries for best offers by June 4 as tariff deadline looms

In the draft, the US is asking countries to list their best proposals in a number of key areas, including tariff and quota offers for purchase of US industrial and agricultural products

Stocks to watch today, June 3: Adani Group, UBL, HCLTech, Glenmark Pharma

Stocks to Watch today: Adani Group stocks, United Breweries, HCL Tech, Glenmark Pharma, NTPC Green and Jindal Stainless are among the stocks to watch on Tuesday, June 3, 2025

Sensex, Nifty recoup early losses as investors brush off Trump tariffs

Sectoral indices settled on a mixed note and the Nifty Realty emerged as top sectoral gainer

US tariffs on steel, aluminium to have minor impact on India, says minister

Steel and Heavy Industries Minister HD Kumaraswamy's reaction comes even as industry leaders have raised concerns about potential trade diversions due to Trump tariffs

Rupee rises after 4-day drop; capped at 85.39/$ on strong oil prices

Indian Rupee today: The domestic currency ended 19 paise higher at 85.39 against the greenback, after closing at 85.58 on Friday

Stock Market Close Highlights: Sensex, Nifty shrug off Trump's tariff threat in fag-end, end flat

Sensex Today | Stock Market Highlihts on Monday, June 2, 2025: The Nifty MidCap and the Nifty SmallCap indices erased all the gains to end 0.62 per cent and 1.1 per cent higher, respectively

US to move forward with tariffs despite court ruling, say Trump aides

The Trump administration has confirmed that the tariffs announced under President Donald Trump will proceed, with no plans to extend the 90-day tariff pause

Trump's move to double tariffs on aluminium imports to hurt sector: AAI

Aluminium industry body AAI has expressed concerns that US President Donald Trump's announcement to double tariffs on aluminium imports in that country will hurt the Indian manufacturers who are already under pressure from surging low-cost imports. On May 30, Trump announced that he would double the existing 25 per cent tariffs on aluminium imports from June 4. "The 50 per cent tariff announced by Trump will damage the Indian aluminium industry, which is already under pressure from surging low-cost imports," Aluminium Association of India (AAI) said. The metal has strategic importance to the country and critical to industries such as defence, aerospace, energy transition, telecommunications, power and construction, it said, adding that both primary aluminium and poor quality scrap are entering the country in large volumes, threatening to create a surplus, suppress domestic prices, and undercut the viability of domestic producers. Though the government just announced a 12 per cent .

China accuses US of violating trade truce over chip curbs, vows retaliation

US-China truce in jeopardy as Washington and Beijing trade accusations over Geneva trade agreement violations

Mphasis, Infosys, TCS shares drop upto 7%; why are IT stocks falling today?

IT stocks falling today: The Nifty IT index fell 1.4 per cent intraday to hit a low of 36,770.15. Among individual stocks, Mphasis tumbled 6.7 per cent, Persistent Systems and HCL Tech 1.8 per cent

Sensex dips 800 pts, Nifty below 24,600 as latest tariff hikes jolt markets

Why stock markets fell today: Indian equity benchmark fell, tracking Asian markets as trade tensions flared up over the weekend with fresh steel and aluminium tariffs by the US

Rupee snaps 4-day losses; opens at 85.54/$ amid firm oil prices

Indian Rupee today: The domestic currency opened 4 paise higher at 85.54 against the greenback, after closing at 85.58 on Friday

Nomura raises Nifty March 2026 target to 26,140 on supportive macros

The revised Nifty50 target implies a potential upside of about 6 per cent from current levels.

South Korea to elect a new president; here's a look at all the candidates

Months of a political drama in South Korea is drawing to a close, with the country poised to elect a new president this week to succeed Yoon Suk Yeol, a conservative leader who was toppled over his ill-fated imposition of martial law. Surveys show liberal Lee Jae-myung maintaining a solid lead over his main conservative rival, Kim Moon Soo, who wants an upset victory. Whoever wins, the new president will forgo the usual two-month transition and serve one full, five-year term at a time when South Korea faces crucial challenges including a severe left-right political divide, the Trump administration's tariff policy and North Korea's expanding military partnership with Russia. Here is a look at the two main candidates standing for the June 3 election: LEE JAE-MYUNG Lee, 60, the Democratic Party candidate, was the driving force behind an opposition-led campaign to oust Yoon, whose December 3 marital law decree plunged South Korea into turmoil. Lee said he initially thought Yoon's ...