Page 80 - Latest Updates on Trump tariffs

Highlights news: India, US finalise terms of reference for first phase of trade deal

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

Fear of Trump's trade war sends US consumer sentiment plunging

US consumer sentiment plunged in April, the fourth consecutive month of declines, in a seemingly sharp rebuke of President Donald Trump's trade wars that have fuelled anxiety over possible job losses and rising inflation. The preliminary reading of the University of Michigan's closely watched consumer sentiment index, released Friday, fell 11 per cent on a monthly basis to 50.8, the lowest since the depths of the COVID-19 pandemic. Over the past year, sentiment has tumbled 34 per cent. The decline was pervasive and unanimous across age, income, education, geographic region, and political affiliation, said Joanne Hsu, director of the survey. The share of respondents expecting unemployment to rise in the coming months increased for the fifth straight month and is now the highest since 2009 during the Great Recession. While consumer sentiment is not always a reliable indicator of the overall economy, it has at times reflected shifting vibes in how the public feels about presidential .

US- China trade tensions open new window for India | Trump tariffs | Trade war

US President Donald Trump has slapped a fresh round of steep tariffs on Chinese goods on 10th April, bringing the total additional duties on certain items to 145%.

Centre launches Global Tariff and Trade Helpdesk to assist stakeholders

The commerce ministry is actively tracking developments in global trade, particularly in relation to tariff changes, import surges, and export-related challenges, an official statement said on Friday. In this backdrop, the Directorate General of Foreign Trade (DGFT) has operationalised a dedicated 'Global Tariff and Trade Helpdesk' to assist stakeholders in navigating emerging trade issues, the commerce ministry said. "Given the evolving trade landscape and the introduction of various tariff and counter-tariff measures, there may be both new export opportunities and heightened import pressures from specific countries or product sectors," it said. The helpdesk would look into issues relating to import and export challenges, import surges or dumping, EXIM Clearance, logistics or supply chain challenges, financial or banking issues, and regulatory or compliance issues. It will also collect and collate trade-related issues concerning other ministries/ departments or agencies of central

India, US agree on terms of reference for first phase of trade deal

The official stated that the there was a possibility of a "win-win shape and form" to the deal in the next 90 days

Xi Jinping calls on EU to oppose US 'bullying' amid escalating trade war

China has retaliated against US tariffs by imposing 125 per cent additional tariffs on American goods

US tariffs: Global trade tensions hit IPO outlook for Indian tech startups

A wave of market uncertainty has tempered investor appetite, leading many firms to consider delaying their listings, according to industry sources and analysts

Canadian comic paints Trump as 'supervillain', Musk as his loyal sidekick

Canadian superhero Captain Canuck returns in a politically charged comic, portraying Donald Trump as a supervillain and Elon Musk as his sidekick amid US-Canada tensions

India wants to seal US trade deal with an 'urgency' not seen before

During Modi's visit to the White House in February, India and the US had said that they plan to sign a trade deal by the fall of this year

Stock Market Close Highlights: Sensex rallies 1310 pts, Nifty at 22,828, Smallcap outperforms

Sensex Today | Stock Market Close Highlights: In the broader markets, the BSE Midcap and Smallcap jumped 1.84 per cent and 3.04 per cent respectively

Sensex rejoices on Trump tariff halt, jumps 1,300 pts; Metals, pharma lead

However, on a weekly basis, the Sensex and Nifty posted a decline of 0.27 per cent and 0.33 per cent, respectively

Why markets rallied today? Tariff pause, trade negotiations key reasons

Stock Market Today: The Sensex today climbed 1,472 points intraday, while the Nifty rose 475 points. As India stock market rallies on Trump's decision to pause rally, here's what investors should do

Trump tariffs' external shock creates uncertainty for Sri Lanka, says IMF

The external shock in the form of tariffs imposed on a range of countries by the Trump administration has created uncertainity for Sri Lanka in its path to recovery from economic crisis, the IMF said here on Friday. The recent external shock and evolving developments are creating uncertainty for the Sri Lankan economy, which is still recovering from crisis," the International Monetary Fund (IMF) said at the end of a staff visit. The IMF team was here from April 3 until Friday to discuss Sri Lanka's performance and policies for the four-year USD 2.9 billion facility extended in 2023. The post crisis growth rebound of 5 per cent in 2024 is impressive, inflation declined considerably in recent quarters and has fallen to -2.6 per cent at end of March 2025," the global lender said, adding that substantial fiscal reforms strengthened public finances. On Trump tariff, the IMF said more time was needed to assess the impact of the global shock and how its implications could be addressed wit

'Nothing is just trade, it's personal', says EAM Jaishankar on trade war

External Affairs Minister S Jaishankar said the world is heading towards a period of sharp competition and contestation, where the planning is going to be much harder for different countries

China's 125% tariff counter to Trump's 145% levy, vows to 'fight till end'

China raises tariffs on US goods to 125%, warns of firm retaliation if Washington continues to 'infringe' on its interests

'Not bad': Trump praises billionaire gains after tariff pause sparks rally

Billionaires earned $304 billion in a day after Trump paused tariffs; Musk up $36 billion. Critics allege market manipulation over his bullish post before the surprise move

Pharma stocks surge as Trump puts 90-day hold on planned tariffs

Nifty Pharma has fallen by 12.8 per cent so far this year, with Natco Pharma and Granules India leading the plunge

Tesla halts Model S, Model X orders in China as sales drop and tariffs bite

Tesla has removed the 'order now' option for Model S and Model X in China as it battles falling sales, rising local competition, and deepening US-China trade tensions

Growth risks to nudge RBI towards deeper rate cuts, say economists

Growth in Asia's third-largest economy, which is under threat from slowing urban consumption and tepid private investment, could worsen because of the escalating US-China trade war

US tariffs on China could make some Indian products more competitive: GTRI

Imposition of steep 125 per cent tariffs on China by the US could help Indian products from sectors such as textiles, leather, engineering, and electronics become more competitive in America, think tank GTRI said on Friday. However, the benefits may be short-lived unless India proactively leverages this breathing space to strengthen its export ecosystem, streamline compliance processes, and enhance engagement with US buyers, the Global Trade Research Initiative (GTRI) said. It suggested that the government reintroduce interest equalisation scheme to help small firms with access to cheaper working capital credit and customs expediting shipments. The 90-day suspension of country-specific tariffs, as outlined in the new executive order, offers a small window of opportunity for Indian exporters, GTRI Founder Ajay Srivastava said. While Chinese goods now face steep tariffs of up to 125 per cent, imports from India will be subject to a flat 10 per cent additional duty, significantly lowe