Page 61 - Latest Updates on Trump tariffs

Trump pressures EU for unilateral tariff cuts as trade talks stumble

As the deadline for the 90-day tariff pause grows near, the Donald Trump administration and European Union fail to find consensus in trade talks

Tariff uncertainties pose growth risks, says RBI Governor Sanjay Malhotra

The governor said India's domestic growth is supported by stable policies, healthy corporate balance sheets and strong macroeconomic fundamentals that bode well for the economy.

Ishiba calls for investment focus, not tariffs, in Trump call before talks

Japan's Prime Minister Shigeru Ishiba said Friday that he held telephone talks with US President Donald Trump and agreed to hold productive" discussions at an upcoming tariff talks between the two sides. Investment, not tariffs, Ishiba told reporters after the talks. He said Japan's position to keep pushing Washington to drop all recent tariff measures is unchanged and that he stands by plans to push for Japanese investment to create more jobs in the US in exchange. The two leaders held talks just after Economic Revitalization Minister Ryosei Akazawa, Japan's chief tariff negotiator, headed to Washington for a third round of talks with his US counterparts. In the earlier rounds of talks, the US had not agreed to the Japanese requests. Ishiba said he reminded Trump that Japan's position was for the US administration to scrap all recent tariffs on imports from Japan, to which the US president made no specific response. I expressed my expectations for productive discussion to be held,

Christine Lagarde warns of enduring changes in global trade dynamics

The finance ministers and central bank governors focused instead on a collective call to address "excessive imbalances" in the global economy, an effort clearly aimed at China, though they didn't name

China updates free trade deal with Asean as US tariff war escalates

China and Asean conclude negotiations to modernise their 15-year-old FTA, even as Beijing and Washington agree to a 90-day tariff truce following weeks of trade retaliation

Walmart slashes 1,500 jobs in technology team amid reorganisation push

Walmart's plan will affect teams in its global operations, e-commerce fulfilment in US stores and its advertising business. It is the largest US private employer with about 1.6 million employees

India saw lower spike in the uncertainty index amid Trump's tariffs

Other emerging markets have seen greater volatility

India well-positioned to deal with negative effects of US tariffs: Moody's

India is well-positioned to deal with the negative effects of US tariffs and global trade disruptions as domestic growth drivers and low dependence on exports anchor the economy, Moody's Ratings said on Wednesday. In a note on India, the agency said government initiatives to boost private consumption, expand manufacturing capacity and increase infrastructure spending will help offset the weakening outlook for global demand. Easing inflation offers the potential for interest rate cuts to further support the economy, even as the banking sector's liquidity facilitates lending. "India is better positioned than many other emerging markets to deal with US tariffs and global trade disruptions, helped by robust internal growth drivers, a sizable domestic economy and a low dependence on goods trade," Moody's said. Besides, the Pakistan-India tensions, including the flare-up earlier in May, would weigh on Pakistan's growth more than on India's. "In a scenario of sustained escalation in ...

Trump's tariffs to test unity among allies at G7 finance ministers' summit

Leading financial officials from the world's richest countries are gathering in a Canadian mountain resort this week for what may prove a contentious meeting in the wake of President Donald Trump's sweeping tariffs. The annual meetings of the Group of 7 finance ministers, known as the G7, are typically congenial and in previous years have produced joint commitments to combat inflation and counter the COVID pandemic. There may be less agreement this year as Trump's tariffs threaten to slow growth in many of the gathered nations, including host Canada, which Trump has also suggested become a potential 51st state. I expect it will be somewhat of a testy conversation among the G7 officials, said Eswar Prasad, an economist at Cornell University and former top official at the International Monetary Fund. This is a very difficult period for the relationships among the G7 countries. The Trump administration has reached an initial trade deal with one G7 member, the United Kingdom, and is ..

US tariff unpredictability poses credit risk for debt issuers: Moody's

Moody's Ratings on Tuesday said the uncertainties around US tariffs have negative credit consequences for debt issuers across emerging markets, including companies, governments and banks. "The on-again, off-again US tariffs and difficulty predicting US trade policy have negative credit consequences for debt issuers across emerging markets," Moody's said. Besides, geopolitics is an additional stress for emerging markets, including the flare-up of tensions between India and Pakistan. Exporters are most directly exposed to US tariff changes, but most debt issuers face indirect effects, Moody's said, adding tariffs will reach a much bigger and varied group of debt issuers indirectly through slowing economic growth and, for many, commodity price declines, currency depreciation and investor risk aversion. "The raft of tariffs the US administration has announced, altered and paused this year has negative credit consequences for debt issuers across emerging markets, including companies, .

Taiwan's Prez downplays US tariff tensions as 'frictions between friends'

The Taiwanese president said Tuesday that trade tensions between the United States and Taiwan are just frictions between friends in a show of optimism as tariff negotiations are underway with Washington. US President Donald Trump imposed 32 per cent tariffs on all imports from Taiwan as part of sweeping duties levied against all US trading partners last month. The tariffs on Taiwanese goods were subsequently lowered to 10 per cent for 90 days to allow for trade negotiations. Officials from both sides met in Taipei, the island's capital, last month for a first round of in-person talks, to be followed by another one in the coming weeks. In a speech marking his first year as president and focusing on Taiwan's strategies to defuse the effects of US tariffs and military threats from China, Lai Ching-te struck an accommodating tone despite the tariff pressure. The US and Taiwan have long cooperated and have also encouraged each other to grow, he said. There are bound to be frictions betw

How China's slow approval of rare earths is threatening supply chains

China's delay in approving export licences threatens manufacturing, EVs, and defence tech worldwide

South Korea's Kim Moon-soo open to discussing US troop cost amid tariff row

Some 28,500 American troops are stationed in South Korea as part of efforts to deter nuclear-armed North Korea

Indian Rupee opens 8 paise higher at 85.44/$ as oil, dollar retreat

The domestic currency opened 8 paise higher at 85.44 after ending at 85.52 against the greenback on Friday

Midpoint of Trump's tariff hiatus to reveal increasingly unsettled world

Chinese consumer and industry data on Monday will be followed by purchasing manager indexes on Thursday from around the world

Donald Trump's tariff deals: End of the beginning in global standoff

Many experts thought that Mr Trump's aim was to lock China out of the global trade chains by striking major deals with big, long-term trading partners and allies. They were wrong

After the 'pause': Trump's trade threat shows how it benefits everyone

China had been left out of the original comprehensive list of countries being hit with what Mr Trump inaccurately described as "reciprocal" tariffs

Tough India-US trade discussions amidst irritants over tariff tensions

In March this year, soon after the US raised its duties on steel and aluminium, China and Canada proposed retaliatory tariffs against imports from the US

Trump's plans to cut drug prices in US may impact Indian pharma landscape

Trump's executive order, dated May 12, seeks to establish a mechanism through which American patients can buy their drugs directly from the manufacturers

'Eat the Tariffs': Donald Trump tells Walmart not to charge shoppers more

President Trump criticises Walmart for blaming tariffs on price hikes, urging the retailer to absorb the costs instead. 'Walmart and China should 'eat the tariffs,' he wrote on Truth Social