Page 4 - Us Tariff Hikes

US tariff impact: Diamonds, shrimps, textiles most vulnerable, says Crisil

Crisil says 50% US tariff on Indian imports will severely impact diamond polishing, shrimp, home textiles, and carpets, with other sectors facing manageable to moderate risk

Tariffs as revenue: Change in India's import duties lifted states' income

The last decade or so provides a nice base for studying the trends in government revenue from import tariffs of all types

Crude lessons: Reversing slide in domestic output now a strategic necessity

India can, if necessary, switch to many alternate suppliers without much additional cost

The rupee should be allowed to weaken to cushion impending trade impact

While it is to be hoped that the Indian government will continue to engage with the US, the prospect of a 50 per cent-plus tariff on US exports will have serious consequences for the Indian economy

US tariffs threaten to derail India's affordable housing market recovery

MSME and SME sectors, key consumer segments for affordable housing, face income disruption from US tariffs, raising risks for sales, launches, and housing finance institutions

Trump tariff hike to 50% on Indian goods sparks calls for self-reliance

Business and startup leaders urge reduced US dependence as Trump's tariff hike on Indian exports threatens $80 billion in trade and hits tech and FMCG sectors

India must not yield to US pressure in trade talks: Amitabh Kant

India should never lose its strategic autonomy, never yield to pressure while negotiating trade deals with the US, former G20 Sherpa Amitabh Kant said on Friday, while suggesting that the country should look at a long-term perspective and behave in a calm and collected manner. Speaking at the Business Today India@100 event, Kant said India should use trade-related uncertainties as a unique opportunity to carry out very vigorous reforms in the economy. "We still have 20 days for these (US) tariffs to kick in. We should never yield to pressure, but we should negotiate in a very rational manner, in a sensible manner, and I think there is plenty of time to be able to arrive at an agreement," he said. On August 6, the United States announced an additional 25 per cent tariff on all Indian imports, on top of an existing 25 per cent duty, taking the total duty to 50 per cent effective August 27. The White House said the measure was in response to India's continued purchase of Russian oil.

Govt halts US arms deals after Trump slams 50% tariffs on India, MoD denies

Post publication of this story, India's government issued a statement it attributed to a Ministry of Defence source describing news reports of a pause in the talks as "false and fabricated."

China welcomes PM Modi's visit to Tianjin for SCO summit this month

China on Friday welcomed Prime Minister Narendra Modi's planned visit to the Tianjin summit of the Shanghai Cooperation Organisation (SCO) to be held later this month. After a gap of over seven years, Prime Minister Modi is expected to travel to China later this month to attend the annual summit of the SCO, people familiar with the matter in Delhi said this week. China welcomes Prime Minister Modi for the SCO Tianjin Summit, Foreign Ministry spokesperson Guo Jiakun said while answering a query on reports that Modi's visit to China to attend the Tianjin summit. We believe that with the concerted effort of all parties, the Tianjin summit will be a gathering of solidarity, friendship and fruitful results, and the SCO will enter a new stage of high-quality development featuring greater solidarity, coordination, dynamism and productiveness, he said. China will host the SCO Summit in Tianjin from August 31 to September 1. Leaders of over 20 countries, including all member states of the

India's GDP growth may dip to 6% in FY26 if 50% tariffs imposed: Moody's

Moody's Ratings on Friday said India's GDP growth is likely to slow down by about 30 basis points to 6 per cent in the current fiscal if the US implements 50 per cent tariffs from August 27. However, resilient domestic demand and the strength of the services sector will mitigate the strain on India, Moody's said, adding that India's response to high US tariffs will ultimately determine the effect on its growth, inflation and external position. On August 6, the US announced an additional 25 per cent tariff on all Indian imports, in addition to an existing 25 per cent duty, taking the total duty to 50 per cent effective August 27. The White House said the measure responds to India's continued purchase of Russian oil. "Should India continue to procure Russian oil at the expense of the headline 50 per cent tariff rate on goods it ships to the US, which is currently its largest export destination, we project that real GDP growth may slow by around 0.3 percentage points compared with our

Trump's tariffs to India's oil bets: Decoding sanctions on Russia

Even before Russia invaded Ukraine in February 2022, Moscow was under sanctions due to its annexation of Crimea

US tariff impact: India's FY26 GDP growth likely to take 60-bp hit

Economists expect India's FY26 GDP to face a 35-60 bps hit from US tariff hike; strong domestic demand may cushion the blow but targeted support may be needed

Pharma Inc mulls offshore strategy as US tariff fears hit sentiment

Despite current exemptions, Indian pharma firms are preparing for potential US tariffs through offshore units, EU market focus, and sourcing diversification

PM draws the line amid US tariff heat, govt plans strategy for exporters

Govt working on three-pronged strategy to support exporters

US tariff impact: Trump's trade moves could dent India's oil bill savings

State-run refiners are covered for deliveries of crude oil in September even if Russian oil flows cease, a senior trader at a state refiner said. Another trader said they are mostly covered

Will face short-term US tariff impact, says Kitex MD Sabu M Jacob

We are in wait-and-watch mode. There is uncertainty in the market, as all buyers are holding the orders. They are confused about which country they should place the orders in

US tariff hike halts Indian textile exports as major retailers pause orders

Retail giants like Walmart, Amazon, and H&M ask Indian suppliers to hold shipments as the US raises textile and apparel import duties to 50 per cent

US tariff impact: India Inc against knee-jerk reaction, seeks new markets

Industry leaders urge India to pursue diplomatic talks with the US, strengthen manufacturing, and consider China ties to gain leverage against tariff pressures

DII flows, Trump-Putin summit hopes help markets duck tariff blow

Benchmarks rebound from sharp fall as domestic investors pour in ₹10,864 crore

India could bide time till US public opinion pushes Trump to review tariffs

With Trump's tariff hike targeting Indian exports, New Delhi may await US domestic shifts, engage BRICS leaders, and explore alternative markets before retaliating