Page 92 - Latest Updates on Trump tariffs

Pak sees US tariffs as window of opportunity for negotiations with the US

Prime Minister Shehbaz Sharif set up two committees to tackle the economic implication of the new tariffs imposed by US President Donald Trump, Finance Minister Muhammad Aurangzeb said on Saturday. The two bodies include a steering committee chaired by the finance minister and comprising ministers, prominent business leaders, secretaries, and academics, while the second was a working group led by the secretary of commerce. You should never let a good crisis go to waste, Aurangzeb told a press conference here and explained that while the situation created immediate challenges, it also would open doors for negotiation and long-term engagement. He said that the government's intention was to formulate and present a well-structured package to the US administration and the recommendations are expected to be finalised in the coming days and submitted to the prime minister for approval. He said that following that approval, a high-level delegation will travel to Washington to convey ...

Taiwan's security chief to meet Trump admin amid US-China tensions, tariffs

Taiwan will have a 'special channel' meet with the United States administration amid Trump tariffs and growing tensions between China and US, as well as China and Taiwan

US VP Vance backs Trump tariffs after years of criticising protectionism

Vance applauded in the Rose Garden as President Donald Trump announced a broad new round of tariffs aimed at reviving US manufacturing, calling it a declaration of "economic independence"

US consumers rush to buy high-end items before Trump's tariffs kick in

John Gutierrez had been thinking about buying a new laptop for the past year. The Austin, Texas, resident needed a computer with faster processing and increased storage for his photography work and had his sights set on a product from a Taiwanese brand. Then President Donald Trump announced expansive new import tariffs Wednesday, including a 32% tax on imports from Taiwan. That same day, Gutierrez ordered the laptop, with a base price of $2,400, from a retailer in New York specializing in photo and video gear. I thought I'd bite the bullet, buy it now, and then that way I'll have the latest technology on my laptop and don't have to worry about the tariffs, he said. Gutierrez was among the U.S. consumers rushing to buy big-ticket items before the tariffs take effect. Economists say the tariffs are expected to increase prices for everyday items, warning of potentially weakened U.S. economic growth. The White House hopes the tariffs prod countries to open their economies to more Ameri

Trump speaks with India, Vietnam, Israel on trade deals ahead of deadline

While US President Donald Trump had initially framed tariffs as non-negotiable, he later hinted at possible compromises

Trump reciprocal tariff wipes $6.6 trillion from US markets in two days

Trade war escalates as China announces retaliatory measures against the US, while other economies seek dialogue with the White House

From Ray-Bans to wigs, American buyers may see unexpected price hikes

During Trump's first term when he imposed much more limited tariffs on China, many companies reported they lacked pricing power to pass on costs to consumers

Southeast Asian nations rush to avert tariff pain by accomodating Trump

Vietnam, Cambodia and Indonesia signalled willingness to negotiate Trump's new reciprocal tariffs, while Singapore said it has no plans to retaliate against the US trade measures

Senate holds late vote on GOP tax cuts, spending plan key to Trump agenda

Senators dived into a contentious late night or all-night debate Friday over a Republican budget plan that's central to President Donald Trump's agenda for trillions of dollars in tax breaks and boosts to border security and defense spending, all while slashing other government spending. It could not have come at a more difficult political moment. The US economy is churning over Trump's vast tariff scheme sent stocks plummeting, and experts are warning of soaring costs for consumers at home and threats of a potential recession. Even some Republicans have expressed concerns. But GOP leaders with a nod from Trump are determined to march ahead, pushing past a hardened line of opposition from Democrats, who are unified as they decry tax breaks for the wealthy at the expense of federal programs Americans rely on. Approval, expected by Saturday morning, would give Republicans the chance in coming months to muscle a tax cut bill through both chambers of Congress, just as they did in ...

Congress can block Trump's tariffs, but Republicans aren't ready to use it

As stock markets tumble in the aftermath of President Donald Trump's sweeping tariffs, Republicans in Congress were watching with unease and talking of clawing back their power to levy tariffs but almost none seemed ready to turn their words into action. The Republican president is upending longstanding GOP principles like support for free trade, yet despite clear misgivings and a Constitutional mandate to decide tariffs, most lawmakers were not ready to cross Trump. Instead, they were focusing all their attention on advancing the president's" big, beautiful bill of tax breaks and spending cuts, even as tariffs in essence, import taxes threatened to raise consumer prices across the board and push the global economy into a recession. As the fallout from Trump's announcement reverberated around global markets, Senate Majority Leader John Thune, who has made it clear he is no fan of tariffs, told reporters that he would give Trump "the benefit of the doubt in hopes that the ...

TikTok deal collapses as China objects to Trump's reciprocal tariffs

In a post on his Truth Social network, Trump reiterated his desire for China to help negotiate a sale and suggested that the US could provide tariff relief in exchange for Beijing's approval

Trump's reciprocal tariffs to push US economy into recession: JPMorgan

JPMorgan's forecast came alongside similar changes from other banks, which have been slashing projections for US growth this year since the tariff announcement

Repo rate may be eased by 75-100 bps with inflation staying benign

The US has proposed a 26 per cent reciprocal tariff on India, which will take effect from April 9

Pharma companies likely to pass on costs in US as fresh levy looms

Brokerages also felt that the pharma companies will aim to pass on the tariff hike to payors

Indian benchmarks join global selloff; Sensex, Nifty fall over 1%

Uncertainty about global growth may add to market turbulence

US tariffs: Govt tightens vigil on China imports amid dumping concerns

The department of commerce has been holding back-to-back internal meetings headed by commerce secretary Sunil Barthwal to firm up a strategy on how to prepare if such a situation arises

Best of BS Opinion: As populists pound the podium, common sense retreats

Today's columns revolve around the backlash to globalisation that has made populism popular, even when it flies in the face of the people's best interests

RIL, Nayara in US tariff crosshairs on exposure to Russia and Venezuela

India may run a $36 billion trade surplus with the US but incurs a trade deficit in energy, according to the Indian government data

Datanomics: India's BoP moderately weakened even before Trump's tariffs

This happened because there was capital outflow of around $27 billion on a net basis between October-December against a net inflow of $36 billion during July-September in FY25

US tariffs: Mobile firms hedge bets, seek incentives for India operations

Global mobile device players said they will be looking at alternatives if the duties stay at existing levels