Page 74 - Latest Updates on Trump tariffs

Tariff war impact: Smartphones, PC assembly lines may queue up for India

India to gain from China's decline in smartphone output: Report

Results preview: Domestic dose likely to ease US drag for pharma firms

Nuvama Institutional Equities said therapies like antidiabetic, anti-infective and respiratory had underperformed in the Indian pharma market

Tata Elxsi Q4 results: Profit falls 13% to ₹1.72 bn amid tariff woes

Earlier this week, US President Donald Trump said he was considering a modification to the 25% tariffs on foreign auto and auto parts from Mexico, Canada, and other places

Indian Rupee gains 30 paise; Ends at 85.38/$ on FII inflows, weak dollar

The domestic currency ended 30 paise stronger at 85.38 against the greenback, after closing at 85.68 on Wednesday

Why did Sensex rally 1,950 pts from day's low on Thursday; key reasons here

Renewed buying by FIIs, coupled with short-covering on hopes of likely trade deals with the US fueled today's market rally, say analysts. The Sensex reclaimed 78,500-mark, and Nifty topped 23,850.

Japan, US agree to more discussions over tariffs, reach deal soon

US President Donald Trump, who joined the negotiators in a session at the White House, described the meeting as big progress

Shrimp exporters seek govt help ahead of US duty review on shipments

Indian shrimp exporters are keeping their fingers crossed as the US is set to begin its review of anti-dumping and countervailing duties on shrimp next month, and are seeking government intervention to help secure relief amid stiff global competition, industry experts say. The exporters said that the formula of the US to calculate these duties is incorrect, and the Indian government should take up the issues with them bilaterally, as domestic traders are facing tough competition from Ecuador and Vietnam in the American market. "The US authorities consider India's RoDTEP and duty drawback schemes as incentive schemes, which is not the case. Both are WTO-compliant duty refund schemes only," Kolkata-based seafood exporter and MD of Megaa Moda Yogesh Gupta said. He added that the US uses a 'zeroing' method to impose anti-dumping duty on shrimp, which is not correct and needs to be re-looked as it distorts the calculation of the margin of dumping. He said that exporters are concerned an

Govt studying impact of US tariffs on chemicals, petrochemicals sector

The government is still assessing the impact of US tariffs on the country's chemicals and petrochemicals industry, a senior official said on Thursday. "We are still studying. We are in touch with the industry and trying to assess how it will impact our industry," Chemicals and Petrochemicals Secretary Nivedita Shukla Verma told PTI on the sidelines of a brainstorming session here. US President Donald Trump on April 9 reduced a planned 26 per cent reciprocal tariff to 10 per cent, just one week after announcing the higher rate on April 2. The government will determine measures after discussions with industry players, Verma added. According to industry data, chemicals constitute about 18 per cent of India's total exports to the US, with FY24 exports valued at around USD 5.7 billion. India Ratings and Research estimates the tariff hike could reduce chemical exports by USD 2-7 billion in FY26. Industry experts said the tariff increase substantially raises costs for Indian chemical ex

MAGA effect: Why Temu, Shein are set to cost higher for US customers?

Temu and Shein will raise prices next week, a ripple effect from President Donald Trump's imposition of tariffs on goods shipped from China

News highlights: CBI conducts searches at residence of former AAP MLA Durgesh Pathak

Latest news highlights: Catch all the latest news updates from around the world here

US stocks tumble as Jerome Powell flags risks from Trump's tariff policies

Fed Chair Jerome Powell warns Trump's tariffs could fuel inflation and slow growth, adding uncertainty to markets as Wall Street reels from sharp declines in major indexes

Japan reports $63 bn trade surplus with US amid Trump tariffs talk

Japan recorded a trade deficit in its March-April fiscal year but racked up a surplus with the US, the Finance Ministry reported Thursday. Japan's global trade deficit totalled 5.2 trillion yen (USD 37 billion) for the fiscal year through March, for the fourth straight year of deficits, according to the provisional statistics. The surplus with the US ballooned to 9 trillion yen (USD 63 billion). Exports to the US are a contentious issue for US President Donald Trump and Japanese negotiators are in Washington to argue their case against higher US tariffs. Japan is a key longtime US ally and major investor in the US, employing hundreds of thousands of Americans. Trump said on April 2 that he planned to impose a 24 per cent tariff on imports from Japan as part of an announcement of higher tariffs on dozens of countries. After financial markets panicked, he put a partial 90-day hold on the import taxes, while increasing his already steep tariffs on Chinese goods to as much as 145 per .

Trump tariffs sparked rush to get bitcoin mining gear out of Asia

Crypto miners depend heavily on Chinese suppliers like Bitmain Technologies Ltd. which, while Beijing-based, routes a lot of machinery through Southeast Asia

Asian shares mark moderate gains amid concerns over Trump's trade war

Asian shares mostly rose Thursday, despite the continued fretting over President Donald Trump's trade war, with all eyes on negotiations that just began between the administration and Japan. Japan's benchmark Nikkei 225 gained 0.7% to 34,142.86 in morning trading. Honda stock price jumped 1.7% after the Japanese automaker said it plans to move its production of the five-door Civic hybrid electric vehicles for the US market from Japan to the company's plant in Indiana. Honda Motor Co didn't say the move was in response to Trump's tariff policies but stressed it moves production to where there is demand. Production of the U.S.-bound five-door Civic HEV began at the Yorii plant outside Tokyo in February. So far 3,000 vehicles have been produced there for the US market. Trump joined Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick in the talks with the Japanese delegation in Washington. Hopefully something can be worked out which is good (GREAT!) for Japan and the

Rupee opens at 85.49/$; Gains for fourth day on weak dollar, FII inflows

The domestic currency opened 19 paise stronger at 85.49 against the greenback, after closing at 85.68 on Wednesday

California becomes first US state to file lawsuit to block Trump's tariffs

California challenges Trump's sweeping tariffs in court, arguing he overstepped authority under emergency powers law and caused economic harm to the state and nation

US-China trade tensions hit global stocks, push gold to record high

Washington issued new export licensing requirements for sales to China of Nvidia's H20 and AMD's MI308 artificial intelligence chips

Trump joins tariff talks with Japan as US seeks deals amid trade wars

US President Donald Trump on Wednesday inserted himself directly into trade talks with Japanese officials, a sign of the high stakes for the United States after its tariffs rattled the economy and caused the administration to assure the public that it would quickly reach deals. The Republican president attended the meeting alongside Treasury Secretary Scott Bessent and Commerce Secretary Howard Lutnick, top economic advisers with a central role in his trade and tariff policies. Hopefully something can be worked out which is good (GREAT!) for Japan and the USA! Trump wrote in a social media post ahead of the meeting. Afterward, he posted: A Great Honor to have just met with the Japanese Delegation on Trade. Big Progress! The president's choice to get directly involved in negotiations points to his desire to quickly finalize a slew of trade deals as China is pursuing its own set of agreements. It's an open test of Trump's reputation as a dealmaker as countries around the world seek t

Tariff pause eases trade slide, but strong downside risks persist: WTO

Director-General Ngozi Okonjo-Iweala said, I am deeply concerned by the uncertainty surrounding trade policy, including the US-China stand-off

Trade deficit with China nears $100 bn in FY25 amid dumping concerns

Chinese imports rose by 11.5 per cent to $113.45 billion, while outbound shipments to the neighbouring country saw 14.5 per cent contraction to $14.2 billion