Page 15 - Us Tariff Hikes

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.

Gold rises 10% in 2025 to $3,000 amid economic uncertainty from US tariffs

Gold's appeal as a haven from risk strengthened further as newly elected U.S. President Donald Trump turned to tariffs to aid struggling domestic industry, despite the risk of sparking a trade war

US tariffs will not go unanswered: EU chief vows tough countermeasures

European Union chief Ursula von der Leyen vowed on Tuesday that US tariffs on steel and aluminum will not go unanswered, adding that they will trigger tough countermeasures from the 27-nation bloc. The EU will act to safeguard its economic interests, von der Leyen said in a statement in reaction to US President Donald Trump's imposition of tariffs on steel and aluminum the previous day. Tariffs are taxes bad for business, worse for consumers, von der Leyen said. Unjustified tariffs on the EU will not go unanswered they will trigger firm and proportionate countermeasures. In Germany, home to the EU's largest economy, Chancellor Olaf Scholz told parliament that if the US leaves us no other choice, then the European Union will react united, adding that "ultimately, trade wars always cost both sides prosperity. Trump is hitting foreign steel and aluminum with a 25% tax in the hope that they will give local producers relief from intense global competition, allowing them to charge high

Tata Steel, SAIL: Outlook for Indian steel stocks on Trump tariff woes

Technical chart shows that Nifty Metal has a strong support base around the 8,000-mark; In case, the index violates the same it can slide another 15 per cent from present levels.

China files WTO dispute over Trump's tariffs, escalating trade tensions

In a statement cited by the WTO, China's government said the measures appeared to be inconsistent with U.S. obligations under the agreement that led to the creation of the trade body

US trade deficit widens sharply due to record high imports in Dec

The trade gap increased 24.7 per cent to $98.4 billion, the highest since March 2022, from a revised $78.9 billion in November, the Commerce Department's Bureau of Economic Analysis said

Iran calls for Opec to unite against potential US crude sanctions

Iran's oil minister Mohsen Paknejad told Al Ghais that imposing unilateral sanctions on crude producers would destabilise energy markets

US Postal Service to resume China parcel deliveries amid tariff changes

Some other international couriers including FedEx and SF Express, China's largest express delivery company, said they will continue to send packages to the United States

Trump pauses tariffs on Mexico and Canada for 30 days, but not China

Both Canadian PM Trudeau and Mexican President Sheinbaum said they had agreed to bolster border enforcement efforts in response to Trump's demand to crack down on immigration and drug smuggling

Oil prices fall as US delays Mexico tariff by a month, easing concerns

Mexican President Claudia Sheinbaum said U.S. and Mexico teams have started to work on Monday on security and business, adding that she proposed the pause in tariffs to Trump

EU must stay united against Trump's tariff threat: Spanish minister

EU leaders meeting at an informal summit in Brussels on Monday said Europe would be prepared to fight back if the U.S. imposes tariffs, but also called for reason and negotiation

Premier Energies halts US solar cell facility plans amid policy uncertainty

Concerns over US stance on clean energy have weighed on shares of Premier, which have lost about 23% since hitting a peak in December, after listing in September

Oil prices rise as Trump's tariffs on Mexico, Canada, China stoke fears

Gasoline pump prices in the US are certainly expected to rise with the loss of crude for refineries and the loss of imported products, said Mukesh Sahdev at Rystad Energy

Trump's tariffs could impact all carmakers, raising industry concerns

All told, GM plants in Canada and Mexico produced nearly 40 percent of all vehicles the company made last year in North America, the region where it gets most of its revenue

Trump's economic team studies gradual tariff hikes under emergency powers

One idea involves a schedule of graduated tariffs increasing by about 2 per cent to 5 per cent a month

Plan for Mexico truck factory ongoing despite US tariff threat: Volvo CEO

The maker of Volvo and Mack semi-trucks has targeted growth in North America, which accounts for about 30 per cent of company revenue