Page 13 - Us Tariff Hikes

Trump's pharma tariffs threaten global supply chains, patient access

Protectionist policies will raise the prices of active ingredients for these producers, many of whom may have little recourse to return manufacturing to the US in the short term

Trump tariffs threaten $8.2 bn US dairy exports amid global uncertainty

More than half of US dairy exports are shipped to Mexico, Canada and China, which have all been targeted by Trump's tariff policies

US manufacturing contracts again as tariffs, inflation fears rise

Domestic manufacturers rely heavily on imported raw materials and could experience a severe disruption in supply chains, economists warneds

Commerce ministry prepares for potential impact of US tariffs: Report

The commerce ministry is working on different scenarios to counter the possible fallout of reciprocal tariffs to be announced by the Trump administration on April 2 on its key trading partners including India, sources said. US President Donald Trump has said that April 2 will be 'Liberation Day' as he plans to announce tariffs or import duties to bring down America's trade deficit, and promote the country's manufacturing. India and the US are also working on a bilateral trade agreement to promote two-way commerce and investments. The domestic industry and exporters have raised concerns over the possible impact of the US' reciprocal tariffs on India's exports as the duties could make the goods uncompetitive in the global markets. The US is the largest trading partner of India. Sources said that the impact of these tariffs may vary from sector to sector. They added that the ministry is preparing different scenarios. These scenarios would be important to help domestic companies deal

EU prepares 'strong plan' to tackle Trump's global tariff threats

The US intends to impose sweeping tariffs on global partners as soon as Wednesday. Trump has said the measures will rectify tariffs as well as non-tariff barriers that he says are unfair

Rising anti-US sentiment in Europe fuels boycott of American goods

Albertus, a Danish school principal, said he canceled all his streaming services in favor of European or Danish ones and no longer eats at American fast-food chains

Brokerages analyse US tariffs impact on economies, sectors and markets

Analysts at Barclays, meanwhile, estimate that nearly $22 billion worth of India's exports (30 per cent of exports to the US and 5 per cent of total goods exports) are most at risk

US consumer spending rises in Feb, likely driven by higher prices

Economists polled by Reuters had forecast consumer spending rising 0.5 per cent after a previously reported 0.2 per cent fall in January

India, US to wrap up early stages of trade pact talks on Saturday: Sources

India and the visiting US officials have decided to hold a wrap-up session on Saturday morning to conclude the three-day talks on the proposed bilateral trade agreement, government sources said. They said the discussions are at a "very" early stage. A team of US officials, headed by Assistant US Trade Representative for South and Central Asia Brendan Lynch, is here for negotiations on the proposed agreement. "Early stage of discussions are going on," one of the sources said, adding that nothing has been finalised so far. Commerce and Industry Minister Piyush Goyal on Thursday said the ongoing talks between India and the US for the proposed pact are progressing "well" and will be for the "good" of both nations while protecting India's interests. The official level deliberations assume significance as US President Donald Trump has announced imposing reciprocal tariffs on April 2 on America's key trading partners, including India. He has on multiple forums stated that India imposes

Gold prices hit record high as trade war fears drive safe-haven demand

The Personal Consumption Expenditures (PCE) price index increased 0.4 per cent in February, compared with analysts expectation of 0.3 per cent rise, similar to January's increase

Evaluating impact of US duties on steel, aluminium: Jitin Prasada in RS

The US has imposed additional import duties on steel and aluminium and the government is evaluating its impact, Parliament was informed on Friday. In a written reply to the Rajya Sabha, Minister of State for Commerce and Industry Jitin Prasada said there has been the imposition of these duties on steel and aluminium imports by the US from all countries without any exemption. "The impact of these duties which are an enhancement over existing such additional duties is being closely evaluated due to the fact that there are no exemptions as compared to exemptions earlier to certain major exporting countries in this sector," he said. As of date, there has been no imposition of country-specific reciprocal tariffs by the US on India, he added. The minister informed that India continues to engage with the US to achieve enhancement and broadening of bilateral trade ties in a mutually beneficial and fair manner. The two countries aim to more than double trade to USD 500 billion by 2030 to b

US tariffs unlikely to impact India, may create opportunities: NITI Aayog

The US plan to impose reciprocal tariffs will not have much impact on India and create several opportunities for the country, Niti Aayog Programme Director Pravakar Sahoo said on Friday. Compared to Mexico, China and Canada, which account for 50 per cent of America's total imports, India is favourably placed, he added. "We are looking at the data at a very dis-segregated level...these are preliminary results, but I can just give you the overview that we are not going to lose. This reciprocal tariff is not going to affect except very specific sectors and in fact, there are opportunities to really capture," he added. Sahoo was speaking after the release of the second edition of Niti Aayog's quarterly trade watch. He said that a detailed analysis of the reciprocal tariff plan's impact on India will be presented in the next edition of the report. The three main competitors in the US market are - Canada, Mexico and China. They account for 50 per cent of the USA's total imports of USD 3

Venezuela increases oil exports to China as US secondary tariff tightens

Venezuela's oil industry is facing its biggest threat since the first Trump administration essentially banned US imports of oil from the country in 2019

US tariff hike will drive up prices for American consumers: H&M CEO

H&M is monitoring and preparing for tariffs, though these are a moving target given the uncertainty over which countries Trump's announcement will target next week, Erver said

Gold climbs as new Trump tariffs on auto sector stoke trade tensions

Gold, traditionally seen as a hedge against uncertainty and inflation, has risen more than 15 per cent this year and hit an all-time peak of $3,057.21 on March 20

Oil holds near one-month high as markets weigh new trade war risks

PVM analyst Tamas Varga said oil had ignored falling equity markets on Wednesday and had firmed on the back of US tariffs against Venezuela and lower US crude and fuel inventories

Auto stocks can defy Trump tariff woes, may rally up to 24%; suggest charts

Technical charts suggest that the Nifty Auto index can potentially rise up to 11 per cent; Tata Motors which is oversold can bounce back up to 24 per cent from present levels. M&M, however, looks weak

Trump likely to use 2019 trade probe to justify 25% auto import tariffs

Trump in February told reporters his administration could impose auto tariffs in the neighborhood of 25%, although he later agreed to exempt autos from Canadian and Mexican tariffs for 30 days

Trump could impose copper import tariffs within weeks, not months

The investigation already is looking like little more than a formality, some of the people said, with Trump having regularly said he plans to impose the tariff

India considers tariff cuts on half of US imports to protect exports

In an internal analysis, New Delhi estimated such reciprocal tariffs would hit 87 per cent of its total exports to the United States worth $66 billion