Page 91 - Latest Updates on Trump tariffs

Donald Trump's reciprocal tariffs: Running blind on a global tightrope

The biggest issue is the assumption that while Mr Trump upends the existing order at his own will, "all other things will remain equal"

US buyers rethink India orders as Trump's reciprocal tariff woes bite

Buyers are reassessing existing orders, with some seeking discounts. They are also exploring the best possible sources for imports, given the varied but steep reciprocal tariffs, exporters said

Piyush Goyal to meet exporters on Apr 9 to discuss Trump's tariff on India

Union Commerce and Industry Minister Piyush Goyal is likely to hold a meeting with exporters on Wednesday, April 9, to take stock of issues to be faced by Indian traders due to the imposition of an additional 26 per cent reciprocal tariffs by the Trump administration, an industry official said on Sunday. Senior officials of the commerce ministry and representatives of export promotion councils (EPCs) and the Federation of Indian Export Organisations (FIEO) will attend the deliberations, according to the industry official. Meanwhile, an exporter said that the government should come forward to extend fiscal incentives to all exporters, particularly MSMEs, in this situation, as the US tariffs will have an impact on the country's shipments. The effect of these duties is expected to be reflected starting May as demand will take a hit in the US. "Sweeping increases in duties on all the countries in the world will have an inflationary impact on the US customers. It would hit demand for al

US tariffs: Exporters must be ready to prove origin of goods to Customs

Rules of origin (RoO) are used by most countries to implement measures such as anti-dumping duties and anti-subsidy countervailing duties

Trump tariffs: With crude off the table, US nudges India towards LNG

Importers signal willingness, but warn of drawn-out talks

Statsguru: Donald Trump's reciprocal tariffs present a mixed bag for India

India is not a major player in the US market - 10th-biggest with a share of just 2.68 per cent in the US' total imports in 2024

Warning lights flash for ER&D companies as auto sector runs low on fuel

ER&D downshifts on weak Q4, gloomy 2025; more downgrades loom

India unlikely to impose counter-tariffs as US trade talks progress: Report

In the days after Trump's tariff announcement that has shaken global markets to their core, India joined nations like Taiwan and Indonesia in ruling out counter tariffs

Indian steel companies evaluating possible impact of US reciprocal tariffs

Domestic steel players are evaluating the possible impact of reciprocal tariffs imposed by the US administration, saying it is premature to comment on the development. US President Donald Trump on Wednesday announced reciprocal tariffs on about 60 countries in a historic measure to counter higher duties imposed globally on American products. For India, the US has announced 26 per cent reciprocal tariffs, contending New Delhi imposes high import duties on American goods, as the Trump administration aims to reduce the country's trade deficit and boost manufacturing. However, automobiles and auto parts and steel and aluminium articles, already subject to Section 232 tariffs at 25 per cent, announced in March, are not covered in the latest order. When asked about Tata Steel's reaction, a company official told PTI, "We are evaluating the situation. It would be premature to comment". "The tariff has come just yesterday. We will study its impact". A senior official of Naveen Jindal-owne

Tariffs, US inflation, RBI rate decision likely to guide market movement

In an eventful week ahead, stock markets may face volatile trends before the RBI's interest rate decision and the US inflation data announcements, as investors continue to assess the broader implications of US tariffs on global economy and inflation, analysts said. Investors fear that a full-blown trade war will impact global trade and economic growth, according to market experts. Equity markets would remain closed on Thursday for "Shri Mahavir Jayanti". "This week is set to be volatile for global and Indian markets, as US President Donald Trump imposed tariffs worldwide, igniting fears of an all-out trade war and a global economic recession. "The US inflation numbers will be released along with the FOMC (Federal Open Market Committee) minutes," Puneet Singhania, Director at Master Trust Group, said. Equity benchmarks slumped on Friday due to an across-the-board sell-off, tracking weak global markets amid growing global trade war fears. Domestically, the RBI will decide on intere

Protesters tee off against Trump, Musk in 'hands off' rallies across US

Opponents of President Donald Trump and billionaire Elon Musk rallied across the US on Saturday to protest the administration's actions on government downsizing, the economy, human rights and other issues. More than 1,200 Hands Off! demonstrations were planned by more than 150 groups, including civil rights organizations, labor unions, LBGTQ+ advocates, veterans and elections activists. The protest sites included the National Mall in Washington, DC, state capitols and other locations in all 50 states. Protesters assailed the Trump administration's moves to fire thousands of federal workers, close Social Security Administration field offices, effectively shutter entire agencies, deport immigrants, scale back protections for transgender people and cut federal funding for health programs. Musk, a Trump adviser who owns Tesla, SpaceX and the social media platform X, has played a key role in government downsizing as the head of the newly created Department of Government Efficiency. He sa

Elon Musk hopes US, Europe will create 'zero-tariff' zone in future

Billionaire Elon Musk told Italy League leader Matteo Salvini on Saturday that he hoped in the future the US and Europe could create "a very close, stronger partnership" and reach a "zero-tariff zone". Musk spoke to Salvini in a video conference during the League's congress in Florence. Salvini is the leader of the far-right, anti-migrant League party and vice premier of the Italian conservative government led by Premier Giorgia Meloni. He said that, ideally, there will be a "zero-tariff zone in the future with a free trade zone between Europe and North America". Musk, an adviser to President Donald Trump who owns Tesla, SpaceX and the social media platform X, has played a key role in government downsizing as the head of the newly created Department of Government Efficiency.

US begins collecting Trump's 10% tariff, smashing global trade norms

The initial 10 per cent baseline tariff paid by US importers took effect at US seaports, airports and customs warehouses

Trump's tariff hike triggers trade war, rattles markets, calls for talks

US President Donald Trump's big raise in tariffs has triggered an escalating trade war and sent global markets plummeting. The S&P 500 fell 6% Friday, the Dow Jones Industrial Average plunged 5.5% and the Nasdaq composite dropped 5.8%. China announced Friday that it will impose a 34% tax on all US imports next week, part of a flurry of retaliatory measures to Trump's new tariffs. Trump has doubled down on his commitment to tariffs, maintaining that his new levies will bring trillions of dollars of investment to the US while also criticising other countries' retaliatory measures. Here's the latest: Elon Musk says he hopes for zero tariffs with Europe someday Billionaire Elon Musk told Italy League leader Matteo Salvini on Saturday that he hoped in the future the US and Europe could create a very close, stronger partnership and reach a zero-tariff zone. Musk spoke to Salvini in a video conference during the League's congress in Florence. Salvini is the leader of the far-right, ...

Trump doubles down on tariffs, betting long-term gains for Americans

Not even 24 hours after his party lost a key Wisconsin race and underperformed in Florida, President Donald Trump followed the playbook that has defined his political career: He doubled down. Trump's move on Wednesday to place stiff new tariffs on imports from nearly all US trading partners marks an all-in bet by the Republican that his once-fringe economic vision will pay off for Americans. It was the realisation of his four decades of advocacy for a protectionist foreign policy and the belief that free trade was forcing the United States into decline as its economy shifted from manufacturing to services. The tariff announcement was the latest and perhaps boldest manifestation of Trump's second-term freedom to lead with his instincts after feeling his first turn in the Oval Office was restrained by aides who did not share his worldview. How it shakes out will be a defining judgment on his presidency. The early reviews have been worrisome. Financial markets had their worst week si

EU answer to Trump tariffs may involve data use by big tech, says France

We have several tools at our disposal at the European level: regulatory, fiscal, customs, said French Finance Minister Eric Lombard

EU answer to Trump tariffs may involve data use by big tech, says France

We have several tools at our disposal at the European level: regulatory, fiscal, customs, said French Finance Minister Eric Lombard

US inflation set to offer early signs of tariff impact under Trump

Bureau of Labor Statistics figures on Thursday are projected to show that the consumer price index edged up 0.1 per cent, which would be the smallest rise since July

'China has been hit much harder': Trump defends tariffs amid market slump

Donald Trump's post follows a major decline in US stock markets the previous day, which heightened concerns about a possible global economic slowdown

India eyes trade win as US tariffs hit rivals harder, BTA talks underway

India and the US are holding intense discussions on a proposed 'fair, balanced and equitable trade deal' bilateral trade agreement