Page 89 - Latest Updates on Trump tariffs

Trump tariffs: Govt sets up working group to monitor possible import surge

The commerce ministry is stepping up efforts to help exporters explore new markets to push outbound shipments while also setting up a working group to monitor possible surge in imports from countries like China to tackle the impact of sweeping tariffs announced by the US, source said. The ministry is also fast-tracking formulation of its export promotion mission to support exporters in areas such as providing credit at affordable rates; and negotiations of proposed free trade agreements with the European Union, Oman, New Zealand and the UK. Additionally, concerned officials have been directed to hold a series of bilateral meetings with the identified 20 countries such as Australia, Brazil, China, and France for pushing India's exports. These developments come at a time when exporters and industries have raised concerns that the additional 26 per cent import duty imposed by the US on India may hurt them. The identified 20 countries are Australia, Brazil, Bangladesh, China, France, .

Indian Rupee logs worst session since February 2023; Ends at 85.84/$

The domestic currency weakened 60 paise to end at 85.84 against the greenback after closing at 85.24 on Friday

India market-cap drops ₹30 trn from March 2025 peak; check winners, losers

Only 40 companies in the Nifty 500 index saw their market increase in this period, and 13 among them were less than a 1 per cent rise

Stock Market Crash Highlights: Sensex sinks 2226pts, Nifty at 22,161 on tariff tumult; metal dips 7%

Sensex Today | Stock Market Crash Highlights: Among sectoral indices, Nifty Metal and Realty were the top laggards, ending down by 6.75 per cent and 5.69 per cent, respectively

'Stock market not for all': Rahul Gandhi after Trump tariffs crash market

Speaking in Patna, Rahul Gandhi emphasised his demand for a nationwide caste-census, claiming that people from weaker sections of society being treated as 'second-class citizens

JLR reports 1.1% sales growth in Q4, achieves net debt zero in FY25

The announcement comes soon after JLR announced a temporary pause in the shipments to the US in response to the 25 per cent tariff on auto imports imposed by the Donald Trump administration

China accuses US of protectionism, economic bullying with new tariffs

China on Monday accused the US of unilateralism, protectionism and economic bullying with tariffs, while calling on representatives of American companies including Tesla, to take concrete actions to resolve the tariffs. Putting America First over international rules harms the stability of global production and the supply chain and seriously impacts the world's economic recovery, Foreign Affairs spokesperson Lin Jian told reporters. Last week, Trump put an additional 34% tariff on Chinese goods as part of Liberation Day, coming on top of two rounds of 10% tariffs already declared in February and March, which Trump said was due to Beijing's role in the fentanyl crisis. China and other governments retaliated quickly. China announced its own 34% tariff rate on US goods, mirroring Trump's tariff rate for China. On Monday, Beijing struck a note of confidence even as markets in Hong Kong and Shanghai tumbled. The People's Daily, the Communist Party's official mouthpiece, had strong words.

Euro rallies alongside safe havens as Trump tariffs rattle markets

The risk-sensitive Australian and New Zealand dollars, as well as the Swedish and Norwegian crowns, all tumbled against the dollar

From Harshad Mehta to Covid-19 to 2025: India's worst stock market crashes ever

From the Harshad Mehta scam to Covid-19 and now April 2025, here's a look at the biggest single-day crashes in Indian stock market history and how long recoveries took

What made Trump put tariffs on Penguins' island? His commerce secy answers

US Commerce Secretary asserts that leaving out a country will leave "loopholes" for other nations to manipulate it

Experts call for faster India-US trade talks to unlock market potential

India should accelerate discussions for the proposed bilateral trade agreement with the US as the deal could help secure preferential market access, improve investor protections, and encourage technology partnerships between the two countries, experts said on Monday. They also said that the pact is critical for India to address long-standing non-tariff barriers in sectors like chemicals, telecom equipment, and medical devices, which were explicitly flagged in the US tariff statement. Mutual Recognition Agreements (MRAs) for standards and testing protocols could be a strategic step forward in reducing regulatory friction and improving market access in these sensitive sectors, they added. Even though the new US tariffs might put short-term pressure on India's key export sectors, the broader strategic landscape offers significant long-term advantages, Rudra Kumar Pandey, Partner, Shardul Amarchand Mangaldas & Co, said. He said that India can leverage its differential tariff exposure,

Mideast stocks fall on US tariffs, low oil prices squeeze energy nations

Middle East stock markets tumbled Monday as they struggled with the dual hit of the United States' new tariff policy and a sharp decline in oil prices, squeezing energy-producing nations that rely on those sales to power their economies and government spending. Benchmark Brent crude is down by nearly 15% over the last five days of trading, with a barrel of oil costing just over $63. That's down nearly 30% from a year ago, when a barrel cost over $90. That cost per barrel is far lower than the estimated break-even price for Saudi Arabia and most other countries producing energy in the Middle East. That's coupled with the new tariffs, which saw the Gulf Cooperation Council states of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates hit with 10% tariffs. Other Mideast nations face higher tariffs, like Iraq at 39% and Syria at 41%. With these measures and the expected retaliatory measures that could be adopted by other countries, the stability and predictability of

Major oil-linked companies stock slump after brent crude oil slips 3%

When oil prices drop, upstream companies face reduced revenue, which can lead to cost-cutting measures, reduced profits, and in some cases, financial losses

Why are metal stocks falling? Lloyds Metals, SAIL, HZL, Nalco dip up to 18%

Of the 15 stocks in the Nifty Metal Index, five stocks, including Hindustan Copper, Nalco, Hindalco, JSL, and NMDC, hit fresh 52-week lows

BoJ warns of heightened uncertainty as Trump tariffs rattle markets

While the BoJ statement did not make direct mention of higher US tariffs, it warned that "some firms voiced concern over the impact on output and profits" from US trade uncertainty

'Orange Monday' trends online as Trump tariffs trigger market freefall

Global markets crashed as Trump's tariffs sparked 'Black Monday' fears, flooding social media with 'Orange Monday' memes. Markets say Orange is the New Black Monday

Trump tariffs: China appeals for calm, readies economic resilience plans

Signals resilience as it counters US tariffs with plans to boost domestic demand through stimulus measures, including possible interest rate cuts, amid ongoing trade tensions

India's exports to US may decline by $5.76 bn due to high tariffs: GTRI

India's merchandise exports to the US from sectors such as marine items, gold, electrical, and electronics are expected to decline by USD 5.76 billion this year due to increased American duties, according to the data analysis of think tank GTRI. However, it added that India's competitive position in select product segments may help cushion some of the losses. Sectors which can witness modest gains include textiles made-up, apparel, ceramic products, inorganic chemicals, and pharmaceuticals. The US has announced an additional 26 per cent duty on Indian goods barring pharma, semiconductors and certain energy goods from April 9. The 10 per cent baseline tariffs are there from April 5-8. "Using detailed trade data and tariff schedules, the analysis estimates that India could see a decline of USD 5.76 billion, or 6.41 per cent, in exports to the US in 2025," Global Trade Research Initiative (GTRI) said. In 2024, India exported USD 89.81 billion worth of goods to the US. It said that .

Trump tariffs could slow euro growth by up to 1%, says Greek central banker

Comments come against the backdrop of European Union countries weighing approval of a first set of targeted countermeasures on up to $28 billion of US imports in coming days

This is how Asia Pacific is responding to Trump's reciprocal tariffs

Trump's 10 per cent baseline tariffs take effect, steeper duties start on April 9