Page 70 - Latest Updates on Trump tariffs

Fast fashion brands Shein, Temu to hike prices as US plugs trade loophole

Last week, both Shein and Temu had said that they would hike their prices owing to higher operating costs following the recent new tariff changes imposed by the US government

Cheap e-shopping just ended in US as Trump plugs de minimis tariff loophole

For years, Chinese e-commerce giants like Shein and Temu thrived on a trade loophole that let them ship cheap goods to the US without paying tariffs, which President Trump has now ended

Trade war narrows down to US-China, Chinese trade deflection a real worry

The fear of deflection of Chinese exports to third markets is giving a major scare to the policymakers in developing nations

Apple to move entire US-bound iPhones' assembly from China to India by 2026

Production of more than 60 million iPhones sold in the United States will be moved to Indian factories as trade tensions with China continue

Politburo to shed light on Xi Jinping's strategy for trade war stimulus

The Politburo, the ruling Communist Party's 24-member decision-making body led by President Xi Jinping, is expected to assess the economy's outlook at a gathering by the end of this month

China boosts cash injection to shield economy from US tariff impact

The People's Bank of China will conduct 600 billion yuan ($82.3 billion) of one-year medium-term lending facility to maintain ample liquidity in the banking system

Hyundai Motor launches tariff task force, shifts some Mexico output to US

Hyundai and affiliate Kia, which together are the world's third-biggest automaking group by sales, are particularly vulnerable to US tariffs

China considers rolling back 125% tariff on key US imports amid trade war

US-China trade war: The rollback would impact key industries such as medical equipment and industrial chemicals

Indian Rupee opens stronger at 85.19/$ on FII inflows, US-China trade talks

The domestic currency opened 8 paise stronger at 85.19 after closing at 85.27 against the greenback on Thursday

India's economic outlook dims as US tariffs hit business sentiment: Poll

Economists say beneath the headline growth numbers is an economy not generating enough well-paying jobs for millions of young people entering the labour market every year

Trump tariffs to hit low-income Americans harder than richest: Report

Those making $28,600 or less would have to spend 6.2% more of their income due to higher prices, while the richest Americans with income of at least $914,900 are expected to spend 1.7%

Expect India to strike first trade pact: US Treasury Secy Scott Bessent

Trump said India may reduce its high tariffs as part of the bilateral deal

Manufacturing funds: Bet on potential gains from global trade shifts

There are 12 actively managed manufacturing funds, which have total assets under management (AUM) of ₹32,999 crore. Four passive funds also exist; they together have an AUM of ₹473 crore

China denies trade talks with US, contradicts Trump's tariff war claims

China has reiterated that Beijing is open to dialogue with the United States, however, negotiations must be equal, respectful, and reciprocal

Indian Rupee reverses early losses to end 15 paise stronger at 85.27/$

The domestic currency ended 15 paise stronger at 85.27 after closing at 85.42 against the greenback on Wednesday

India likely to secure first trade deal amid US tariff push: Treasury Secy

India is on the brink of becoming the first nation to clinch a trade pact with the US, potentially dodging Trump's steep 26 per cent tariff and deepening economic ties

Asian shares trade mixed as uncertainty persists over Trump's tariff plans

Asian shares traded mixed Thursday, as worries crept back following a Wall Street rally that came after President Donald Trump appeared to back off his criticism of the Federal Reserve and his tough talk in his trade war. Japan's benchmark Nikkei 225 added nearly 0.9 per cent in morning trading to 35,168.80. Australia's S&P/ASX 200 rose 0.6 per cent to 7,966.50. South Korea's Kospi lost 0.5 per cent to 2,513.17. Hong Kong's Hang Seng declined 0.3 per cent to 22,005.16, while the Shanghai Composite gained 0.4 per cent to 3,309.12. Calling Trump's policy announcements headline turbulence, Tan Jing Yi of the Asia & Oceania Treasury Department at Mizuho Bank warned that global economies could be hurt in the long run, adding, Sentiments swing from hopes of intense relief to inflicted economic gloom. On Wall Street, the S&P 500 climbed 1.7 per cent and added to its big gain from Tuesday that more than made up for a steep loss on Monday. The Dow Jones Industrial Average rose 419 .

Indian Rupee extends slide to open at 85.59/$; FII inflows help cap decline

The domestic currency opened 17 paise weaker at 85.59 after closing at 85.42 against the greenback on Wednesday

Bessent says China tariffs not sustainable as US willing to de-escalate

Bessent said the tariffs - 145 per cent on Chinese products and 125 per cent on US products - would have to come down before trade talks can proceed

Dozen US states sue Trump administration over tariffs, trade policy

The suit, filed in the US Court of International Trade in Manhattan, argues that Congress didn't grant Trump the necessary authority to impose the tariffs