Page 99 - Latest Updates on Trump tariffs

Gaurav Gogoi moves adjournment motion over US tariffs on Indian exports

Gogoi, in his notice to the Lok Sabha Secretary-General, emphasised the "urgent and pressing" need to debate the economic ramifications of these tariffs

Hopeful of India-US trade talks to mitigate Trump tariff impact: ACMA

Automotive Component Manufacturers Association of India on Thursday said it is hopeful that the ongoing bilateral trade talks between India and the US will help mitigate the impacts of President Donald Trump's tariff orders and lead to a balanced resolution that benefits both economies. Reacting to Trump's announcement of tariffs on Wednesday as part of the 'Liberation Day' initiative, Automotive Component Manufacturers Association of India (ACMA) President and Chairperson and Managing Director (CMD) Subros Ltd Shradha Suri Marwah said autos and auto parts and steel and aluminium articles, already subject to Section 232 tariffs at 25 per cent, announced earlier in Trump's order on March 26, 2025, are not covered in the latest order. "The detailed list of auto components that will be subject to 25 per cent import tariff in the US is, however, awaited," she said. Marwah said ACMA understands the intent of the US administration to boost domestic manufacturing and address trade ...

Let America pay for tariffs for a while, says Deepak Shenoy of Capitalmind

Reciprocal tariffs, announced by US President Donald Trump, might have a long-term, negative impact on the global economy, warned Deepak Shenoy, founder and CEO of CapitalMind over an 'X' post.

Indian-American lawmakers criticise Trump's tariffs, call them 'reckless'

Indian-American members of the US Congress and the diaspora community criticised the reciprocal tariffs imposed by President Donald Trump, calling them "reckless and self-destructive, urging leaders in both countries to engage in dialogue to address these challenges. On Wednesday, Trump imposed a 26 per cent discounted reciprocal tariff on India. While making the announcement, he said "India charges us 52 per cent so we will charge them half of that - 26 per cent." President Trump, in a historic measure to counter higher duties on American products imposed globally, announced reciprocal tariffs on about 60 countries. The lawmakers also said that Trump's tariffs will likely make Indian goods less competitive. Congressman Raja Krishnamoorthi said Trump's blanket tariffs are a tax on working families so that he can cut taxes for the wealthiest Americans. These latest so-called 'Liberation Day' tariffs are reckless and self-destructive, inflicting financial pain on Illinois at a time

Trump's tariff shock: 10 takeaways on trade impact, exemptions, retaliation

US imposes sweeping import tariffs; China faces 54%, India 26%, EU 20%; exemptions for Canada, Mexico; markets brace for impact as global trade tensions escalate

India's farm exports may sustain or grow despite Trump tariffs: Economist

India could maintain or even expand its agricultural exports to the United States despite the new tariffs announced by President Donald Trump, as the competing nations face even steeper duties, prominent agricultural economist Ashok Gulati said on Thursday. The 26 per cent "discounted reciprocal tariff" on Indian goods imposed by Trump would have limited impact on key agricultural exports such as seafood and rice when compared to higher duties imposed on the regional competitors, according to Gulati, former chairman of the Commission for Agricultural Costs and Prices (CACP). "We should not look at the tariff increase in absolute terms, but see relative tariff increases with our competitors," Gulati told PTI. He noted that while India faces 26 per cent tariffs, China faces 34 per cent, creating an 8 per cent differential advantage for the Indian exporters. Other competitors face even steeper barriers, with Vietnam at 46 per cent, Bangladesh 37 per cent, Thailand 36 per cent, and ...

Indian Rupee opens at 85.73/$; Slips 22 paise amid tariff concerns

The Trump administration slapped a 26 per cent tariff on imports from India

Donald Trump's tariff shocker can be India's chance at trade reform

For 600 million workers and 1.4 billion consumers, Trump's trade war is a wake-up call to revive the three-decade-old liberalisation project

Analysts favour India stocks in Asia post-tariffs despite near term worries

Describing India's tariffs as "very, very tough," Trump stated that the 26% tariff was half of what India imposes on US products

US tariffs to impact Indian exporters but nation better placed: FIEO

India's apex exporters' body, FIEO, stated on Thursday that the 26 per cent tariffs or import duties announced by US President Donald Trump on India will undoubtedly affect domestic players. However, India is much better placed than many other countries, said Ajay Sahai, Director General and CEO of the Federation of Indian Export Organisations (FIEO). He expressed hope that the proposed bilateral trade agreement (BTA), currently being negotiated between the two countries, would be concluded at the earliest, as it would provide relief from these reciprocal tariffs. We have to assess the impact, but looking at the reciprocal tariffs imposed on other countries, we are in a lower band. We are much better placed compared to our key competitors such as Vietnam, China, Indonesia, Myanmar, etc. We will definitely be affected by the tariffs, but we are much better placed than many others, Sahai told PTI. The US President highlighted the high tariffs charged by India on American products as

Trump's auto tariffs to cover billions of dollars in vehicle, parts imports

The update of Trump's auto tariff proclamation from last week included nearly 150 auto parts categories that will face tariffs starting on May 3

Senate rebukes Trump's Canada tariffs as some Republicans vote to block it

The Senate passed a resolution Wednesday night that would thwart President Donald Trump's ability to impose tariffs on Canada, delivering him a rare rebuke just hours after the president unveiled sweeping plans to clamp down on international trade. The Senate resolution, passed by a 51-48 vote tally, would end Trump's emergency declaration on fentanyl that underpins tariffs on Canada. Trump earlier Wednesday announced orders -- his so-called Liberation Day -- to impose import taxes on a slew of international trading partners, though Canadian imports for now were spared from new taxes. The Senate's legislation ultimately has little chance of passing the Republican-controlled House and being signed by Trump, but it showed the limits of Republican support for Trump's vision of remaking the U.S. economy by restricting free trade. Many economists are warning that the plan could cause an economic contraction, and GOP senators are already watching with unease as Trump upends the United ...

Trump's new tariffs target dozens; but why is Russia off the hook?

Despite this exemption, trade between the US and Russia remains higher than with countries like Mauritius and Brunei, which were included on President Trump's list

India's pharma industry gets relief from Trump's reciprocal tariff

US President says India imposes 52% tariff on American imports and engages in currency manipulation and non-tariff barriers

US businesses get ready for more pain as Trump rolls out reciprocal tariffs

The US will now impose a 10 per cent baseline tariff on all imports to the country effective April 5 and higher duties on several of its biggest trading partners

Ford to offer broad discounts, capitalising on tariff-driven sales boost

Ford will offer its employee pricing - a discounted rate available to Ford workers - to all customers

Stocks plunge as Trump imposes reciprocal tariffs, shaking global markets

The high-flying tech sector was pummelled as manufacturing hubs in China and Taiwan faced new tariffs above 30 per cent, bringing the total new levy to an eye-watering 54 per cent on imports

Drug prices may rise in US if Indian pharma firms pass on Trump's tariff

The US administration has not made announcements yet on sector-specific tariffs

Safe-haven gold hits record high as Trump announces sweeping tariffs

All eyes are on the US non-farm payrolls report, due Friday, for further clues on the Federal Reserve's monetary policy path

Asian markets slip following Trump's 'reciprocal' tariffs announcement

Asian markets and US futures tumbled Thursday following US President Donald Trump's announcement of big increases in tariffs on imports of goods from around the world. Tokyo's Nikkei 225 index dipped more than 3.4 per cent, but recovered slightly. It was down 2.9 per cent at 34,699.52. Trump said he was imposing a 24 per cent reciprocal tariff on Japan, one of the United States' closest allies. South Korea, also an ally, was hit with a 25 per cent tariff. Its benchmark Kospi slumped 1.9 per cent soon after the opening, to 2,459.30. In Australia, the S&P/ASX 200 fell 1.8 per cent to 7,793.10. The future for the S&P 500 dropped 3% while that for the Dow Jones Industrial Average lost 2 per cent, auguring potential losses when US markets reopen on Thursday. On Wednesday, US stocks whipped through another dizzying day before Trump's unveiling of his Liberation Day tariffs. The S&P 500 rose 0.7 per cent to 5,670.97 after careening between an earlier loss of 1.1 per cent and a ...