Page 14 - Us Tariff Hikes

US tariffs, if sustained, will impact the economies of Mexico, Canada: IMF

IMF spokesperson Julie Kozack said the IMF would release a more comprehensive assessment at the spring meetings of the IMF and World Bank in Washington in April

Gold prices fall on profit-taking as US data, trade tensions loom

The spotlight is on Friday's non-farm payrolls report, which is expected to show a gain of 160,000 jobs for February, economists polled by Reuters said

Trump, tariffs, and European defence spending cloud ECB meeting outlook

The impact of a potential trade war with the United States and massive increases in European defence spending and government borrowing loom over a policy meeting Thursday at the European Central Bank, which is expected to cut interest rates by a quarter percentage point. Analysts are widely expecting a cut in the European Central Bank's (ECB) benchmark deposit rate to 2.50 per cent, a step to lower borrowing costs for consumers and businesses in an economy that's struggling to get out of first gear. The bank's monetary policy statement and post-meeting news conference by President Christine Lagarde will be scrutinised for hints about how far the bank will cut rates amid concerns about weak growth. The bank has already reduced the benchmark rate by 1.25 percentage points since June. Meanwhile new concerns that would massively reshuffle the economic picture are likely to intrude: the potential impact of new tariffs on European imports from US President Trump, which could slow growth,

As Donald Trump unleashes a trade war, here is how the world is responding

President Donald Trump's tariffs on China, India, Canada, Mexico, and the European Union have intensified global trade tensions, prompting swift retaliation and raising fears of economic instability

ArcelorMittal-Nippon warns import curbs may impact India production

ArcelorMittal Nippon Steel India, a 60-40 joint venture between Luxembourg-based ArcelorMittal and Japan's Nippon Steel, did not respond to a request for comment

US tariffs may flood India with cheap Chinese steel, warn industry experts

The imposition of tariffs by the US on imports from Mexico, Canada and China will affect the Indian steel industry as the country will become the natural target for cheap Chinese steel at a time when local players are undergoing a major capacity enhancement phase, industry experts said. The Trump administration imposed 25 per cent tariffs on imports from Mexico and Canada on Tuesday. The US also doubled the tariff on all Chinese imports to 20 per cent. "USA under the new President has announced new tariffs on China, Mexico and Canada. China is a major steel exporter to the USA. The recently announced US tariffs on steel imports from China means that this export will become unviable and surplus steel will be seeking new markets," former President of Indian Stainless Steel Development Association (ISSDA) Karan Pahuja said. "India becomes the natural target for cheap Chinese surplus steel at a time when it is undergoing a major capacity enhancement phase. The Indian steel industry is .

China vows to hit back with 'all necessary measures' against new US tariffs

The US action means the Chinese government will need to announce an additional stimulus worth 500 billion yuan ($69 billion) to 700 billion yuan to meet its growth targets

US can be 'fabulous economy' with tariffs: Trump' s chief WH economist

Miran offered some historical backup for Trump's attraction to the high-tariff policies of William McKinley, who was president at the turn of the last century, and some of his predecessors

US President Donald Trump vows to impose reciprocal tariffs on India, China

Trump made the remarks during a press conference in which he was asked about the meeting of Tesla CEO Elon Musk with PM Modi

Govt must cut tariffs to progress, says Niti Aayog CEO BVR Subrahmanyam

Tariff does not protect any country and India needs to cut tariffs for its own good, irrespective of who tells India to do so, NITI Aayog CEO BVR Subrahmanyam said on Friday. Addressing the 69th Foundation Day of All India Management Association (AIMA), Subrahmanyam further said that being open to the world has to be among the top five priorities of India if it wants to become a developed country. To cut tariffs, India must complete trade agreements with the European Union, the United Kingdom and other major economies, he added. The Niti Aayog CEO stressed that deregulation at both centre and the state levels are critical for making India a part of the global supply chains. There is interest in India but people visit, see and fly to other countries, he said. Subrahmanyam pointed that Indonesia, Vietnam, Turkey and others have been beneficiaries of 'China plus one' strategy of global companies. He argued that global value chain needs more than PLI (production linked incentive) --

India must push 'zero for zero' strategy to address US tariffs threat: GTRI

India should propose a 'zero-for-zero' tariff strategy to the US for addressing America's proposed reciprocal tariff hikes, as it would be less harmful than negotiating a full bilateral trade agreement, economic think tank GTRI said in its report on Friday. Under this strategy, the Global Trade Research Initiative (GTRI) suggested the government identify tariff lines (or product categories) where India can eliminate import duties for American imports without harming domestic industries and agriculture. In lieu of that, the US should also remove duties on a similar number of goods. India can exclude most agriculture items from this list and to prepare it, India can refer to its Free Trade Agreement (FTA) tariff offers to Japan, Korea, and ASEAN as a starting point, it added. GTRI Founder Ajay Srivastava said this list should be discussed with the US before April, ahead of its reciprocal tariff announcement. It will be like doing a quick FTA in goods and if the US accepts, the ...

Japan raises concerns over auto tariffs with US as Trump threatens 25% hike

It's not clear if Japan is also seeking an exemption from the auto tariffs as Trade Minister Yoji Muto didn't respond directly on Tuesday when asked about it

How to trade Nifty Auto, IT, Pharma as Trump threatens up to 25% tariffs

Technical chart suggests that the Nifty Auto, IT and Pharma indices can potentially fall up to 22% from present levels if these key support levels are broken.

Export sector face uncertainty as Trump threatens reciprocal tariffs

To ease trade tension, India has already cut tariffs on several items, for example to 30 per cent on high-end motorcycles from 50 per cent and 100 per cent on bourbon whiskey from 150 per cent

US' reciprocal tariffs on Indian exports will have a limited impact: SBI

The latest report by SBI's Economic Research Department suggests that the overall bilateral negotiations between India and US could provide further collateral benefit to India

EU Commission vows to react firmly and immediately to Trump's tariffs

The European Union's executive branch on Friday vowed to take firm and immediate action" against US President Donald Trump's imposition of tariffs on steel and aluminum. The European Commission said in a statement that Trump's proposed reciprocal trade policy goes in the wrong direction." The EU will take firm and immediate action against unjustified barriers to free and fair trade, including when tariffs are used to challenge legitimate and non-discriminatory policies, the Commission said. The EU will always protect European businesses, workers and consumers from unjustified tariff measures. The Commission, which negotiates trade relations on behalf of the 27-nation bloc, said the EU has some of the lowest tariffs in the world and sees no justification for increased U.S. tariffs on its exports. Tariffs are taxes. By imposing tariffs, the US is taxing its own citizens, raising costs for business, stifling growth and fuelling inflation, it said. Tariffs heighten economic uncertainty

Sensex tanks over 600 points: Why is the stock market down today?

Donald Trump's reciprocal tariff plan on India and other countries coupled with persistent FII selling dragged the Sensex, Nifty lower for the eight straight trading session on Friday.

PM Modi meets Elon Musk and his children ahead of discussions with Trump

Indian operators have opposed the administrative allocation of spectrum, saying it will be against the '"level playing field" as they have acquired spectrum through bidding at a much higher cost

'Today is the big one: Reciprocal tariffs': US President Donald Trump

President Donald Trump said Thursday that he'll sign an order that increases US tariffs to the rates other countries charge on imports. TODAY IS THE BIG ONE: RECIPROCAL TARIFFS!!! Trump posted on his social media site, Truth Social. MAKE AMERICA GREAT AGAIN!!! The prospect of a dramatic hike on tariffs could send shockwaves through the world economy, possibly depressing growth while also causing inflation to intensify. Trump has maintained that such tariffs will help to create domestic factory jobs, but most economists say they would effectively be a tax increase on US consumers that would add to inflationary pressures. The Republican president has openly antagonised multiple US trading partners over the past several weeks, levying tariff threats and inviting them to retaliate with import taxes of their own that could send the economy hurtling into a trade war. Trump has put an additional 10 per cent tariff on Chinese imports due that country's role in the production of the opioid

Error 404! 81% of Nifty 500 stocks dip below 200-DMA; market strategy here

Analysts expect the markets to remain volatile in the immediate short-term in the backdrop of tepid corporate earnings, Rupee movement and Donald Trump's tariff threats.