Page 83 - Latest Updates on Trump tariffs

India should reconsider negotiating a comprehensive FTA with the US: GTRI

India should reconsider negotiating a comprehensive free trade agreement (FTA) with the US as it could pose challenges to domestic sectors like agriculture, automobiles and pharmaceuticals, think tank GTRI said on Thursday. It cautioned that under trade pact with the US, many of Washington's demands such as weakening India's minimum price support system for farmers, allowing genetically modified food imports, lowering agricultural tariffs, changing patent laws to extend drug monopolies, and letting American e-commerce giants sell directly to consumers pose major risks. The risks include harm to farmer incomes, food security, biodiversity, public health, and the survival of small retailers, the Global Trade Research Initiative (GTRI) said. "Reducing tariffs on farm goods could affect the livelihoods of hundreds of millions, while slashing duties on cars could undercut a sector that accounts for nearly a third of India's manufacturing output. The collapse of Australia's car industry .

Pause on US tariffs a big relief; opens window for trade talks: Exporters

The 90-day deferral of reciprocal tariffs decided by the US has come as a major relief as it provides a crucial window for pushing the talks on the proposed bilateral trade agreement between India and America, exporters said on Thursday. They said that diplomatic engagement and fast-tracking negotiations for the trade pact will help India deal with these tariffs. "It is a good decision by the Trump administration. We have been assured by the commerce ministry that the agreement will be finalised at the earliest," Federation of Indian Export Organisations (FIEO) President S C Ralhan said. He added that the move reflects a strategic pause aimed at avoiding immediate economic fallout while allowing space for potential resolutions. "A huge relief to our exporters. The 90-day deferral of the reciprocal tariff provides a critical window for diplomatic engagement and trade negotiations," Ralhan added. Welcoming the USA's decision, Mumbai-based exporter S K Saraf said that Indian industry

Why India must end its Inspector Raj to compete in global manufacturing

From factories to e-commerce warehouses, overzealous quality checks are choking trade and killing jobs-India must dismantle this outdated system to stay competitive

Safe havens rebound as China-US trade war anxiety overshadows tariff U-turn

The uptick in safe haven currencies came even with Asian stock markers surging, as they joined the global relief rally

US Fed could be in 'difficult' spot with higher prices, slower hiring

The prospect of high inflation stemming from widespread tariffs along with weaker hiring could put the Federal Reserve in a difficult spot, Fed policymakers said in minutes from last month's meeting. The minutes, released Wednesday, said that the Fed could keep its benchmark interest rate unchanged if inflation remained stubbornly elevated. And they said it could cut its rate if growth slowed and unemployment rose. The minutes were for the Fed's March 18-19 meeting. But if both happened at the same time, the Fed may face difficult tradeoffs, some of the 19 officials on the central bank's interest-rate setting committee said. Rising unemployment can often lead to a recession, when the Fed would normally slash its key rate to support more borrowing and spending and stimulate the economy. Yet Fed officials would likely be reluctant to cut if inflation rose, because it usually seeks to cool higher prices by keeping its key rate unchanged or even raising it if necessary. The minutes ..

Asian shares surge as Trump pauses tariffs, boosting US market to record

Asian shares surged in early Thursday trading, with Japan's benchmark jumping more than 2,000 point almost immediately after the Tokyo exchange opened, as investors welcomed President Donald Trump's decision to back off on most of his tariffs. Analysts had expected the regional comeback given that US stocks had one of its best days in history on a euphoric Wall Street Wednesday, where investor hopes had run high that Trump would tone down the tariffs. Japan's benchmark Nikkei 225 jumped 8.8% in morning trading to 34,510.86, zooming upward as soon as trading began. Australia's S&P/ASX 200 soared 5.1% to 7,748.00. South Korea's Kospi gained 5.2% to 2,412.80. Hong Kong and Shanghai markets were set to open soon. The Hang Seng index has fallen considerably in the last five days, and could be set for a rebound like the other regional indexes. Stephen Innes, managing partner at SPI Asset Management, called the reaction from fear to euphoria. It's now a manageable risk, especially as ...

Trump's 'buy' tip before tariff pause paid off for investors who listened

When Donald Trump offered some financial advice Wednesday morning, stocks were wavering between gains and losses. But that was about to change. THIS IS A GREAT TIME TO BUY!!! DJT, he wrote on his social media platform Truth Social at 9:37 am. Less than four hours later, Trump announced a 90-day pause on nearly all his tariffs. Stocks soared on the news, closing up 9.5% by the end of trading. The market, measured by the S&P 500, gained back about $4 trillion, or 70%, of the value it had lost over the previous four trading days. It was a prescient call by the president. Maybe too prescient. He's loving this, this control over markets, but he better be careful, said Trump critic and former White House ethics lawyer, Richard Painter, noting that securities law prohibits trading on insider information or helping others do so. The people who bought when they saw that post made a lot of money. The question is, Was Trump already contemplating the tariff pause when he made that post? Ask

US stocks surge, dollar gains in dramatic relief as Trump halts tariffs

NEW YORK (Reuters) -Stock indexes posted their biggest one-day gains in years, with the S&P 500 recording its largest rise since 2008, while the dollar gained and Treasuries pared losses on Wednesday after U.S. President Donald Trump declared a temporary U.S. pause on tariffs.

US Treasury Secy defends China tariffs, says India important trade partner

US Secretary of the Treasury Scott Bessent emphasised that such a move focuses on countries like China, which have been contributing to imbalances in the global economy

Reciprocal levy: Working to remove additional US tariffs, says Piyush Goyal

Goyal advised Indian industry and exporters not to route outbound shipments to the United States (US) through countries with lower reciprocal tariffs imposed by Washington

Trump announces 90-day pause on tariffs, raises China tariffs to 125%

US President Donald Trump doubled down on his tough stance on Beijing by raising the tariff on Chinese goods to 125 per cent, effective immediately

Tariffs to hit growth, but India may dodge the worst: Guv Malhotra

Rupee free to move if global forces weigh, says RBI governor

India should cut 'outlier agri tariffs' to tackle US tariffs: Policy paper

India must strengthen position in US markets even as it seeks new regions to trade with, says Ashok Gulati in co-written paper

Stock markets slide resumes as Trump's reciprocal tariffs take effect

Nifty, Sensex decline over 0.5% as IT, pharma stocks bleed

Trump's tariffs bring cheer to Maga base, but hurt US jobs and industry

The tariff wars that Trump has unleashed overlook his country's biggest competitive advantage - and may even irreparably harm it in the future

India must seize Trump shock as moment for deep structural reform

The Trump trade shock is a chance to push long-overdue reforms, rather than tinker with tariffs to appease the US

Delta CEO says won't pay tariffs on Airbus planes, cites trade tensions

Delta Chief Executive Officer Ed Bastian said he has been 'very clear' with Airbus and would defer any deliveries with the additional expenses

'Don't wait': Trump lures businesses to US with no tariffs, fast approvals

US President Donald Trump encouraged businesses to follow the example of Apple and other firms that have recently expanded in the US

Which Indian companies may be hit hard if US announces tariffs on pharma?

India is one of the top suppliers of generic (low-cost) medicines to the US

China hits back at US with 84% tariff after Trump admin imposes 104% levy

US China trade war: Beijing had previously called Trump's ultimatum 'coercive' and stated that it would 'fight to the end'