Page 2 - Us Tariff Hikes

Trump's new tariffs shake Asian economies still reeling from trade war

On Thursday, Trump announced another round of tariffs, which would go into effect on Oct 1, applying import duties ranging from 25 percent to 100 percent on pharmaceuticals, heavy trucks, etc

Hope we can fix it, says Rubio on US tariffs on India for Russian oil buy

The White House has imposed a cumulative 50 per cent tariffs on Indian goods, including a 25 per cent penalty for New Delhi buying Russian oil

IT sector hit by tariffs, visas, AI, geopolitics: Can it weather the storm?

US tariffs, visa issues, geopolitical tensions, and AI disruption have plunged the IT services industry into an uncertain period

Market to rally if nominal growth improves, earnings pick up: Chris Wood

India has not done badly-it's just that other markets have done better, Wood said. For India, he believes, the inflows from domestic investors have been critical in preventing a correction.

Vedanta CEO warns US tariffs risk slowing global energy transition

Vedanta CEO Deshnee Naidoo cautioned that US tariffs could slow global decarbonisation, stressing India must prioritise critical minerals and domestic value chains

Rupee sinks to record low on strong dollar demand and tariff concerns

The rupee fell to 88.44 per dollar, its lowest ever, amid strong importer demand and tariff worries, even as RBI intervened to contain volatility in the forex market

India's trade parleys with US are progressing well, says Piyush Goyal

US Commerce Secretary Howard Lutnick said he believes the US will sort out a trade deal with India as soon as that country stops buying Russian oil

Bernstein rejigs India portfolio; adds HDFC Bank, PB Fintech; exits Infosys

This latest revision, it said, was shaped by several factors, which meant increasing exposure to the financials and consumer sectors, booking gains in stocks where the market drivers are in place

US Supreme Court speeds up hearing on Trump's powers to impose high tariff

The Supreme Court on Tuesday granted an unusually quick hearing on whether President Donald Trump has the power to impose sweeping tariffs under federal law. The justices will hear arguments in November, lightning fast by the typical standards of the nation's highest court. The small businesses and states that challenged the tariffs in court also agreed to the accelerated timetable. They say Trump illegally used emergency powers to set import taxes on goods from nearly every country in the world, nearly driving their businesses to bankruptcy. Two lower courts have found most of the tariffs were illegally imposed, though a 7-4 appeals court has left them in place for now. The Trump administration asked the justices to intervene quickly, arguing the law gives him the power to regulate imports and the country would be on the brink of economic catastrophe if the president is barred from exercising unilateral tariff authority. The case will come before a court that has been reluctant t

IT stocks log biggest gain in four months on Infosys buyback, Fed hopes

IT stocks rose sharply with Infosys surging 5% on its buyback plan, lifting the Nifty IT index 2.8%, as Fed rate cut speculation and rupee weakness boosted sector sentiment

US tariff issue: PM Modi has become 'enemy of the nation', claims Kharge

Referring to the US tariff issue, Congress President Mallikarjun Kharge on Sunday claimed that US President Donald Trump and Prime Minister Narendra Modi could be friends, but alleged the latter has become "an enemy of the nation". Addressing reporters in Kalaburagi, the Leader of Opposition in Rajya Sabha said Modi and Trump could be good to each other because they sought votes for one another. Kharge claimed the Modi-Donald Trump alliance had come at India's cost. "He (Trump) and Modi can be friends, but Modi has become an enemy of the nation. He spoiled the atmosphere," he alleged. Commenting on the impact the US tariff had on India, Kharge charged, "Trump imposed a huge tariff. After a 50 per cent tariff, he destroyed our people". "You walk on your ideology and protect the people of the country, because the nation comes first and your friendship is secondary," he insisted. Kharge also urged the Prime Minister to realise that India had followed a foreign policy of neutrality a

US trade deficit widens 32.5% in July as imports surge to record levels

The trade gap ballooned 32.5per cent to $78.3 billion, the Commerce Department's Bureau of Economic Analysis said on Thursday

Imposed tariffs on India over Russian oil imports: US govt to Supreme Court

The Trump administration has told the US Supreme Court that it imposed tariffs against India for purchasing Russian energy products "to deal with a preexisting national emergency regarding Russia's war in Ukraine and as a "crucial aspect" of the President's push for peace in the country. Trump has imposed 25 per cent reciprocal tariffs on India and an additional 25 per cent levies for Delhi's purchases of Russian oil, bringing the total duties imposed on India to 50 per cent, with effect from August 27. In a 251-page appeal to the Supreme Court, submitted Wednesday, the Trump administration said that the President recently authorised IEEPA (International Emergency Economic Powers Act) tariffs against India for purchasing Russian energy products, to deal with a preexisting national emergency regarding Russia's war in Ukraine, as a crucial aspect of his push for peace in that war-torn country. The appeal further states that the stakes in this case could not be higher. The President an

Growth spurt before Donald Trump tariff squeeze: July orders jump 29%

There are no duties on semiconductors, electronics, and pharmaceuticals, among others, according to an August 27 Asia Insights note from Nomura

Tariffs, costs, and shifting strategies: Indian pharma's new playbook

Analysts say Indian pharma firms will increase focus on non-US exports and the domestic market as US tariff threats persist, with firms exploring offshore manufacturing options

India extends export obligation for chemical imports to 18 months: Govt

The government on Tuesday said extension of the export obligation period for chemical imports under the advance authorisation scheme from six to 18 months will provide much-needed relief to exporters amid concerns over steep US tariffs. "This measure extends essential support and flexibility to exporters dealing with chemicals and petrochemicals across India," the Ministry of Chemicals and Fertilisers said in a statement. The move is poised to simplify trade processes and elevate the global market edge of Indian goods. "The Export Obligation timeframe has now been extended from 6 months to 18 months, offering a substantial buffer to the industry," the statement added. Through the Advance Authorization Scheme, importers can bring in duty-free raw materials for export production without adhering to quality control orders (QCOs) for those inputs, ensuring a steady flow of export operations. A significant number of these authorizations cater to the chemical sector, emphasizing the val

Govt may line up four schemes to soften Donald Trump's tariff blow

Cabinet likely to take up proposal on Wednesday

India set for record cotton buying as imports, US tariffs hit prices

India has raised the price at which it will buy new-season cotton from domestic farmers by 7.8% to 8,110 rupees per 100 kg, but local market prices are hovering around 7,000 rupees

US tariffs: A wakeup call to improve India's trade competitiveness

It is unbelievable that India's refusal to acknowledge the role of the US in ending 'Operation Sindoor' should lead to such harsh measures

Tariff impact: Nomura cuts FY26 GDP forecast to 5.8% in worst-case scenario

Data from the Annual Survey of Industries (ASI) show that these sectors together employed around 21 million workers directly and via contractors in 2023, Nomura said