Page 71 - Latest Updates on Trump tariffs

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

India's attractiveness increased lately with recovery in GDP: Kunal Vora

The situation on tariffs is still evolving, but India is relatively well placed due to its low merchandise export dependence

Trump's tariff war helps India's edible oil prices soften by 7-8%

Sharp drop in crude oil rates over fears of a recession contributed to softening of the global edible oil markets

Samsung mulls shifting production from Vietnam to India amid US tariffs

Vietnam serves as a key manufacturing hub for Samsung, with the company exporting over $52 billion worth of mobile phones and spare parts in financial year 2024

Indian Rupee ends weaker at 85.42/$ as dollar index stages recovery

The domestic currency ended 23 paise weaker at 85.42 after closing at 85.19 against the greenback on Tuesday

Meta, Oracle bosses sold billions in stocks before Trump's tariff crash

Mark Zuckerberg, Jamie Dimon, Safra Catz among top CEOs who sold billions in shares weeks before Trump's tariff move triggered a historic $6.6 trillion stock market wipeout

Tesla's Q1 slump sees Musk shifting focus, but challenges loom for company

The bigger problem is that Tesla's ageing vehicle lineup has collided with increasing competition, something that Musk's DOGE duties compounded but did not create

Trump signals cutting China tariffs 'substantially' if trade deal reached

China hasn't officially responded to Trump's pledge to play "nice" but the media outlet Cailian called it "a sign that Trump is already softening stance on his signature tariff policies"

Musk to spend less time at DOGE as Tesla's Q1 profits drop sharply

US billionaire and Tesla CEO Elon Musk's role in the Trump administration and his drive to cut federal spending have sparked widespread criticism and global protests

Indian Rupee trades weak as dollar gains weigh; opens lower at 85.27/$

The currency has appreciated by 0.22 per cent in April and is on track to log gains for the second straight month

Why Asia may embrace Donald Trump's trade plan-if it cuts out China

Faced with Chinese overcapacity and unfair trade, several Asian economies are cautiously eyeing Trump's anti-China trade coalition-if the terms fit their industrial goals

'No intention' of firing Federal Reserve Chair Jerome Powell, says Trump

President Donald Trump said Tuesday he has no plans to fire Federal Reserve Chair Jerome Powell, just days after his statement that he would like to terminate the head of the US central bank caused a stock market selloff. I have no intention of firing him, Trump told reporters. The US president had previously insinuated otherwise as he said he could fire Powell if he wanted to, having been frustrated by the Fed putting a pause on cuts to short-term interest rates. Powell has said that Trump's tariffs are creating uncertainty about slower growth and higher inflationary pressures, while the president maintains that inflationary worries are essentially non-existent. The president maintains that energy and grocery prices are falling, so the Fed should cut its benchmark rates because inflation is no longer a threat to the US economy, Trump said. His remarks indicated that he still plans to use the bully pulpit to pressure a US central bank that is committed to resisting political press

How Donald Trump is turning America into the world's largest tax haven

But Trump does love one tax: import tariffs. He appears to believe that foreigners are footing the bill, thereby providing the money to cut taxes for billionaires

J D Vance nudges India to drop non-tariff barriers for US businesses

While Trump has been labelling India as a high tariff nation and a 'tariff king', Vance refrained from using such words against India

Safeguard duty of 12% on steel may halt imports, hit MSMEs, says GTRI

Imposition of 12 per cent safeguard duty on five steel product categories may halt their imports and force importers to buy these goods from domestic players, who are likely to raise prices following the levy, think tank GTRI said on Tuesday. It said since Indian producers can not meet demand for specialised steels like abrasion-resistant plates, imports are essential but the new safeguard duty could raise input costs by 8-10 per cent, just like the recent hikes by local steel mills. The Global Trade Research Initiative (GTRI) said that "12 per cent safeguard duties with high threshold values, is expected to halt most imports, effectively forcing buyers to shift to domestic suppliers. Indian steel companies are likely to exploit this policy to raise prices further, a trend already evident with an 8-10 per cent price increase seen in recent months following news of the safeguard proposal." It raised concerns that the DGTR (Directorate General of Trade Remedies) recommended these duti

Indian Rupee snaps five-day winning streak; Ends 7 paise weaker at 85.20/$

The domestic currency ended 7 paise weaker at 85.20 after closing at 85.13 against the greenback on Monday

India, US have finalised terms of reference for trade pact, says USTR

However, US Trade Representative Jamieson Greer claimed that there is a 'serious lack of reciprocity' in trade ties with India

US seeks equal ecomm access for Amazon, Walmart in trade talks with India

The Trump administration is pushing India to ease FDI and platform rules that limit foreign ecommerce firms like Amazon to marketplaces, while local players can sell directly and operate freely

Alphabet may shift Pixel production to India amid US tariffs on Vietnam

Alphabet is considering moving part of its Pixel phone manufacturing from Vietnam to India to serve US markets, as tariffs make Vietnam less competitive

Modi, Vance welcome 'significant progress' in India-US trade deal

Both sides discuss energy, defence, and strategic tech in bilateral meet