Page 88 - Latest Updates on Trump tariffs

US tariffs' fallout: Inter-ministerial panel formed to monitor imports

This is because the United States (US) has imposed higher reciprocal tariffs on these countries as compared to the 26 per cent tariff it plans to impose on India

Govt will evaluate response if China, Vietnam resort to dumping: S Krishnan

As of now, electronics goods manufacturers in India are not "overly" concerned about the recent tariff hikes

US tariffs' fallout: Andhra CM writes to Goyal on shrimp farmers' concerns

In his letter to Goyal, Naidu appealed to the Centre "to come to the rescue of aqua farmers by negotiating with the US to exempt the aqua products from this additional duty"

Wall Street slides as Trump digs in on tariffs; Dow, S&P fall over 2%

Wall Street is sinking again, following other global markets lower, as worries deepen about whether President Donald Trump's trade war will torpedo the global economy. The S and P 500 was down 3.8 per cent in early trading Monday, coming off its worst week since COVID began crashing the global economy in March 2020. The Dow Jones Industrial Average was down 1,200 points, and the Nasdaq composite was 4 per cent lower. Stocks in Hong Kong plunged 13.2 per cent for their worst day since 1997. A barrel of benchmark US crude oil briefly dropped below $60 for the first time since 2021.

Global markets sink as Trump stands firm on tariffs, trade tensions rise

Global markets plunged on Monday following last week's two-day meltdown on Wall Street, and President Donald Trump said he won't back down on his sweeping new tariffs, which have roiled global trade. Countries are scrambling to figure out how to respond to the tariffs, with China and others retaliating quickly. Trump's tariff blitz fulfilled a key campaign promise as he acted without Congress to redraw the rules of the international trading system. It was a move decades in the making for Trump, who has long denounced foreign trade deals as unfair to the US. The higher rates are set to be collected beginning Wednesday, ushering in a new era of economic uncertainty with no clear end in sight. Here's the latest: Chinese officials meet business representatives from Tesla and other US companies Chinese government officials met business representatives from Tesla, GE Healthcare and other US companies on Sunday. It called on them to issue reasonable statements and take concrete actions

JPMorgan CEO Dimon warns tariffs could slow US growth, fuel inflation

Jamie Dimon expressed concerns about how the tariffs would impact America's long-term economic alliances

Trump vows 50% tariffs on China if Beijing sticks to 34% retaliatory duties

Trump's threat, which he delivered on social media, came after China said it would retaliate against US tariffs announced last week

Navigating the era of high US tariffs: How India can limit the damage

These "reciprocal" tariffs have created uncertainty and disruption in world trade, violating established norms and principles of international trade

US tariff turmoil: RBI MPC needs to gauge the effect of uncertainty

The challenge for the MPC is to gauge how this heightened level of uncertainty will affect growth and inflation dynamics in India, which will form the basis of its policy decision

'Sometimes medicine is needed to fix something': Trump on tariffs backlash

Announced on April 2, the tariffs take effect April 9, targetting imports from numerous countries, including several of the US's long-standing allies

British PM visits JLR's UK headquarters amid Trump's car tariff turmoil

British Prime Minister Keir Starmer chose the UK headquarters of Jaguar Land Rover (JLR), the country's largest carmaker owned by Tata Motors, to deliver a key speech on Monday amid ongoing turmoil unleashed by US President Donald Trump's global trade tariffs. The car industry is among the worst hit as it has been targeted with 25 per cent tariffs on imported vehicles and prompted Starmer to pledge a change of course on the UK's electric vehicle (EV) regulations to support carmakers such as JLR. It follows the firm's recent announcement that it would pause shipments to the US as it assesses the impact of the new trading terms. I think EV targets are a good thing, they're good for the climate, good for business certainty and investment, good for British manufacturing, said Starmer, addressing JLR workers in the West Midlands region of England. "But I accept that those targets have to work for British manufacturers and I don't want British firms like this one put in a position where y

Jaishankar discusses early conclusion of BTA with US Secretary of State

This development comes as the country has been negotiating a BTA with the US in order to avoid hefty reciprocal tariffs

Worst stock market crash after Covid, Trump tariffs, Waqf Act, Mamata Banerjee #newsin1min

Indian benchmark indices witnessed the worst crash in 10 months today, as US recession fears spooked global markets triggered by US President Donald Trump’s sweeping tariffs.

Oil prices decline 2% as US-China trade conflict fuels recession fears

Brent futures were down $1.17, or 1.78%, to $64.41 per barrel at 1303 GMT, and U.S. West Texas Intermediate crude futures were down $1.17, or 1.89%, at $60.82

Manufacturers in India not overly concerned with US tariffs: IT Secy

The electronics and IT sector manufacturers are not "overly" concerned about the recent hikes in import duty by India's largest trading partner the US, a top government official said on Monday. However, the impact will depend on how the tariff situation plays out ahead, Electronics and IT Secretary S Krishnan said. "We've been in regular consultation with manufacturers in India. That is something that we are speaking to them on an ongoing basis. They are not overly concerned right now, but it also depends on how this whole situation plays out. It's a dynamic situation," Krishnan told reporters at a Cert-In event. The US on April 3 imposed an additional 26 per cent tariff on Indian goods, effective April 9. The sector players are of the view that the Indian industries are better placed as compared to their competitors in the electronics segment. While the US has imposed an additional 26 per cent import duty on India, its competitor Vietnam is facing a 46 per cent tariff, China 34 p

Sensex skids 2,226 pts in worst fall in 10 months; experts advise caution

The selloff in the markets, analysts said, was driven by rising global uncertainties, weak cues, and growing recession fears

Trump tariff shadow looms over FY26 growth outlook of IT cos, say experts

Rising global uncertainty and fear of slowdown in its biggest market, the US, is seen taking a toll on the Indian IT industry's showing, with several analysts now warning that a possibly weak exit for the just-ended FY25 may be followed by an "unexciting guidance" or outlook pullbacks for FY26 as well as pain up ahead in verticals such as retail and manufacturing. Discretionary spends, they say, would most likely come under cloud, again, dashing any hopes of its near-term recovery. Market watchers further warn that the next 3-6 months could see a build up of negative news -- including earnings cuts and potential pullbacks in FY26 guidance. Retail and manufacturing verticals are being called out by industry pundits as particularly vulnerable, amid global aftershocks, and market carnage. That said, some believe that "survival spend" may come into focus, as also GenAI. While near-term prospects remain muted, outlook could turn favourable in the second half of FY26, driven by macro ...

Setting the record straight: USTR claims vs India's medical device policy

The Indian medical device industry faces challenges from international trade dynamics, regulatory barriers, and domestic policy inconsistencies

Trump calls China 'biggest abuser' while defending his tariff imposition

Trump criticised China as the top abuser of the US, saying tariffs are bringing in billions weekly despite China's 34% hike after decades of trade imbalance

Trump's tariff effect: How Vietnam turned into Nike's Achilles' heel

US sportswear brand Nike faces a significant impact from Trump's 46 per cent tariff on Vietnamese goods, where half of its shoes are made, potentially leading to price hikes for consumers