Page 60 - Latest Updates on Trump tariffs

Stock Market close highlights: Sensex up 320 pts, Nifty at 24,833; Metal, Realty indices gain 1%

Sensex Today | Stock Market close highlights, Thursday, May 29, 2025: On the sectoral front, barring FMCG and PSU Banks, all other sectoral indices settled in green

What is TACO trade and how 'Trump chickening out' helps investors profit

US President Donald Trump says what critics call 'chickening out' on tariffs is really strategic negotiation, but investors are profiting from the volatility

Trump can offset tariff ruling with other taxes, says Goldman Sachs

Trump could apply Section 122 tariffs of up to 15 per cent for 150 days or initiate investigations under Section 301, though those would take longer to implement

Trump admin uses India-Pak ceasefire to justify 'Liberation Day' tariffs

Members of the Trump administration told the court that India and Pakistan reached a ceasefire only after Trump interceded and offered both nations trading access with the US to avert a full-scale war

Rupee slips as tariff ruling lifts dollar; opens 16 paise lower at 85.52/$

Indian Rupee today: The domestic currency opened 16 paise weaker at 85.52 against the US dollar, after ending at 85.36 on Wednesday

US court blocks Trump from imposing 'Liberation Day' tariffs on imports

The ruling came after several lawsuits were filed against Trump, arguing that he has exceeded his authority as President

Trump denies 'chickening out' on tariffs amid frequent rate changes

US President Donald Trump wants the world to know he's no chicken just because he's repeatedly backed off high tariff threats. The Republican president's tendency to levy extremely high import taxes and then retreat has created what's known as the TACO" trade, an acronym coined by The Financial Times' Robert Armstrong that stands for Trump Always Chickens Out". Markets generally sell off when Trump makes his tariff threats and then recover after he backs down. Trump was visibly offended when asked about the phrase Wednesday and rejected the idea that he's chickening out", terming the reporter's inquiry nasty". "You call that chickening out? It's called negotiation, Trump said, adding that he sets a ridiculous high number and I go down a little bit, you know, a little bit" until the figure is more reasonable. Trump defended his approach of jacking up tariff rates to 145 per cent on Chinese goods, only to pull back to 30 per cent for 90 days of negotiations. Similarly, last week he

Taiwan's President pledges to buy more American goods as 32% tariff looms

Taiwan's president on Tuesday pledged to buy more American goods, including natural gas and oil, as the self-governing island seeks closer ties with the US while threatened with a 32% tariff from the Trump administration. By purchasing more US products that also include weapons and agricultural goods, Taiwan would not only create "more balanced bilateral trade" with the US but also boost its energy autonomy and resilience, said Lai Ching-te, the island's leader, while hosting a US congressional delegation. Lai also said the island would be willing to participate in US efforts to reindustrialise and lead the world in artificial intelligence. Rep. Bruce Westerman, chair of the House Natural Resources Committee, told Lai that the US produces a lot of food and fibre and is "always looking for more friends to share that with." Trade and economic ties between Taiwan and the US have grown closer in recent years. The island faces rising pressure from China, which sees the island as part of

Tariff suspense a key risk to Indian economy, says finance ministry

FinMin report flags India Inc's foreign investments

Stock Market Close: Sensex falls 625 points, Nifty at 24,826; heavyweights drag amid mixed cues

Sensex Today | Stock Market Close Highlights, Tuesday, May 27, 2025: On the sectoral front, all majority indices settled lower, with Nifty Auto, Bank, IT, and FMCG down up to 0.88 per cent

Adidas, Shein, Walmart to hike product prices in US after Trump's tariffs

Some retailers in the US have cautioned that they won't, as Trump suggested, eat the additional costs caused by the increased import taxes

Asean opens summit with Gulf nations, China amid Trump tariffs threat

A regional association of Southeast Asian nations is set to hold a three-way summit Tuesday with China and six Gulf countries in what officials called an effort to bolster economic resilience as they grapple with global volatility and US tariffs. Malaysian Prime Minister Anwar Ibrahim, opening a summit in Malaysia's capital Kuala Lumpur between the 10-member Association of Southeast Asian Nations and the Gulf Cooperation Council, said a stronger ASEAN-GCC relationship would be key to enhancing interregional collaboration, building resilience and securing sustainable prosperity. Chinese Premier Li Qiang will join the two blocs in their first such meeting later Tuesday, as Beijing seeks to present itself as a reliable ally to the region. I believe the ASEAN-GCC partnership has never been more important than it is today, as we navigate an increasingly complex global landscape marked by economic uncertainty and geopolitical challenges, Anwar said. Malaysia is the current chair of ASEAN

Stock Market Close Highlights: Sensex jumps 455 points, Nifty at 25,001; all sectors settle in green

Sensex Today | Stock Market Close Highlights Monday, May 26, 2025: Among the Sensex constituents, 22 out of 30 stocks ended higher, with gains led by M&M, HCL Tech, Tata Motors, and Nestle India

Japan's troubled automaker Nissan banks on hybrid e-power technology

Money-losing Japanese automaker Nissan is banking on its latest e-Power technology for a turnaround. A kind of hybrid, e-Power comes equipped with both an electric motor and gasoline engine, much like the Toyota Motor Corp. Prius. It's different from a Prius in that it doesn't switch back and forth between the motor and engine during the drive. That means the car always is running on its EV battery, ensuring a quiet, smooth ride. Nissan has a proud history of pioneering innovative technology that set us apart, Chief Technology Officer Eiichi Akashi told reporters on the sidelines of a test drive at its Grandrive course outside Tokyo. The advantage of e-Power vehicles is that they never need to be charged like EVs do. The owner just fuels up at a gas station and the car never runs out of a charge. Nissan Motor Corp., which racked up a USD 4.5 billion loss for the fiscal year through March, sorely needs a hot-seller, especially in the lucrative North American market. But the US mark

US futures jump while Asian shares slip after Trump delays EU tariffs

US futures jumped Monday and Asian shares mostly fell after US President Donald Trump said he would delay a threatened 50% tariff on goods from the European Union to July 9 from June 1. Trump announced the decision after a call Sunday with Ursula von der Leyen, the president of the European Commission, who said she wants to get down to serious negotiations, according to the US president's retelling. Last week, Trump said on social media that trade talks with the European Union were going nowhere and that straight 50% tariffs could go into effect on June 1. The future for the S&P 500 gained 1% while that for the Dow Jones Industrial Average advanced 0.8%. In Asian trading, Tokyo's Nikkei 225 climbed 0.7% to 37,427.48 while the Kospi in Seoul picked up 1.2% to 2,622.07. Hong Kong's Hang Seng lost 1% to 23,370.94 and the Shanghai Composite Index fell 0.3% to 3,338.42. Australia's S&P/ASX 200 was nearly unchanged at 8,360.70. Other regional markets were mostly lower. On Friday, US

Southeast Asian nations want to discuss tariffs with Trump: Malaysia PM

Southeast Asian nations will forge a common front to face challenges including economic headwinds from US tariffs and a four-year civil war in Myanmar, Malaysian Prime Minister Anwar Ibrahim said Monday. Opening an annual summit of the Association of Southeast Asian Nations, Anwar said he is seeking a unified bloc meeting with US President Donald Trump to discuss the tariffs. Officials are hopeful it could happen later this year. Malaysia is the current chair of ASEAN. For ASEAN, our peace, stability and prosperity have often depended on an open, inclusive, rules-based international order... These foundations are now being dismantled under the force of arbitrary action," Anwar said. ASEAN has formed a taskforce to coordinate a response to the U.S. tariffs in parallel with bilateral negotiations by some member countries, Anwar said. ASEAN members include bigger economies such as Singapore, Indonesia, Malaysia, Thailand and the Philippines, as well as ones like Vietnam, Cambodia, Laos

Rupee extends gains on weak Dollar; opens 17 paise higher at 85.05/$

Indian Rupee today: The domestic currency began trading 17 paise stronger at 85.05 against the US dollar, after ending at 85.22 on Friday

Trump tariffs loom over Asean Summit as ties with China strengthen

Trade and economic cooperation will likely dominate the agenda of the 10-nation Association of Southeast Asian Nations summit taking place in Kuala Lumpur, along with conflicts in Gaza and Myanmar

Trump to delay 50% tariffs on EU until July 9 after call with von der Leyen

The EU had been slated for a 20 per cent tariff under those reciprocal rates announced in April, and a temporary pause took the rate down to 10 per cent through July 9

Wipro warns tariff hikes, immigration curbs, trade war may hit growth

Wipro said it derives over 62 per cent of its revenue from US clients and around 27 per cent from Europe