Page 5 - Us Tariff Hikes

US tariffs raise concerns across India's automotive and component sectors

Tariff hike to 50% may hit Indian exports of tyres and auto components to the US; industry explores nearshoring, diversification, and cost efficiency measures

Tariff on Russian Oil: RIL, HPCL, BPCL, IOC can dip up to 18%, say charts

The Nifty Oil & Gas index is seen testing the 200-DMA support on charts; break below the same could weigh on the sentiment at Reliance, ONGC and Oil marketing companies counters.

Anand Mahindra urges India to turn tariff turmoil into "1991 moment"

Mahindra Group chairman calls for bold reforms, single-window clearance, and a tourism push to turn global tariff disruption into an opportunity for transformation

Markets seem to have priced in earnings downgrades: Yogesh Patil, LIC MF

Yogesh Patil of LIC Mutual Fund believes that trade near-term uncertainty around trade wars may impact the investment decisions for now.

India, Russia to collaborate on rare earths, critical minerals mining

India and Russia are exploring opportunities in rare earth and critical minerals extraction, underground coal gasification, and creation of modern industrial infrastructure, an official statement said on Wednesday. The issue came up for discussions during the India-Russia Working Group on Modernization and Industrial Cooperation meeting, which was held here under the framework of the India-Russia Intergovernmental Commission on Trade, Economic, Scientific, Technological and Cultural Cooperation. Critical minerals such as copper, lithium, nickel, cobalt and rare earth are essential raw materials required to fuel the growth of rapidly-growing clean energy technologies and their expanding uses ranging from wind turbines and electricity networks to electric vehicles and battery manufacturing. The commerce and industry ministry said the key focus areas included cooperation in aerospace science and technology, including the establishment of a modernized wind tunnel facility, production of

Mahindra CEO backs India's trade stance amid ongoing US tariff tensions

Mahindra Group CEO and MD Anish Shah has expressed confidence in the government's handling of trade talks with the US, saying he was hopeful of a strong and positive outcome for the country from the dialogue. With just a day left before his 25 per cent reciprocal trade tariffs take effect, US President Donald Trump is doubling down on his threat to impose even higher duties on India, accusing it of funding Vladimir Putin's war in Ukraine through continued purchases of Russian oil. "For us, it is not very material," he said on the impact of US tariffs on the Mahindra group," said Shah in an interview with PTI Videos. Shah, who leads the USD 25 billion SUVs-to-software conglomerate, said the Indian government has always kept the overall interest of the country in mind and operated in a way that could get a good solution. Indian officials continue to negotiate with the US for a bilateral trade deal by October/November and see the higher duties on the country's exports to the US as a .

US rejects India's WTO tariff talks request on steel, aluminium: Govt

The US did not accept India's request for consultations under an agreement of the World Trade Organisation (WTO) concerning American tariffs on steel, aluminium, and related derivative products, Parliament was informed on Tuesday. The US has maintained that these measures were introduced on the grounds of national security, Minister of State for Commerce and Industry Jitin Prasada said in a written reply to the Lok Sabha. India, however, considers these measures to be safeguard actions that should have been notified and subjected to consultations under the WTO's Agreement on Safeguards (AoS). "India has accordingly reserved its right to suspend substantially equivalent concessions (right to impose equal trade measures in response) due to the US's non-compliance with its obligations under the AoS," he said. In a separate reply, the minister said India is actively involved in the discussions with the US on the Bilateral Trade Agreement (BTA) with the aim to expand trade and ...

US trade deficit narrows to $60.2 bn in June as imports decline sharply

Imports of consumer goods fell to the lowest level since September 2020, and industrial supplies and motor vehicles were also down. Meantime, inbound shipments of capital equipment rose

US tariff hike to cut India's shrimp exports by 7-9% in FY26: Crisil

The proposed increase in tariff by the US, along with additional financial penalties, is likely to impact shrimp export volumes by 7-9 per cent this financial year, Crisil Ratings said on Friday. Indian shrimp exporters face an unprecedented new challenge in the US market, which contributes close to 48 per cent of their exports, Crisil Ratings Senior Director Rahul Guha said in a statement. US President Donald Trump has announced 25 per cent tariffs on India, plus a 'penalty' for its trade with Russia. The tariffs will come into effect from August 7. "With the proposed increase in tariff by the US, along with additional financial penalties, countervailing duty of 5.77 per cent imposed last year and the existing anti-dumping duties, India will be one of the highest taxed major shrimp exporters in the US market," he noted. In contrast, Ecuador, the largest shrimp exporter globally, faces just 10 per cent tariff and countervailing duties of 3-4 per cent in the US, he said. The operat

India can turn US tariff tensions into a trade win, says Raghuram Rajan

US tariffs on Indian goods are a pressure tactic, says Raghuram Rajan, who outlines how India should play smart on trade, FDI, car tariffs, and dairy safeguards

US judges challenge claim that emergency law lets Trump impose tariffs

The US Court of Appeals for the Federal Circuit in Washington, D.C., is considering the legality of "reciprocal" tariffs that Trump imposed on a broad range of US trading partners in April

US appeals court to decide legality of Trump's power to impose tariffs

A panel of all of the court's active judges, eight appointed by Democratic presidents and three appointed by former Republican presidents, will hear arguments scheduled to begin at 10 a.m. ET

No deal: Trump's tariffs have increased uncertainty for Indian economy

The announcement is clearly damaging for Indian exporters, along with the Indian government. For some time, it appeared that India was making progress on a trade deal with the US

Trump tariffs on Russian oil put squeeze on India's biggest crude supplier

Trump Sanctions On Russian oil puts the squeeze on India's Biggest Crude Supplier

Coercive bilateralism: New world order defined by how trade deals are made

For India, the challenge is to strike a balance between tactical necessity and economic priorities

Trump seeks 15-20% minimum tariffs on EU goods despite trade talks

Trump has also been unmoved by the latest EU offer to reduce car tariffs, and would keep duties on the sector at 25 per cent as planned, the report said citing unnamed sources.

Donald Trump signals over 10% tariffs in India-US trade deal framework

On Tuesday, Trump said the bilateral trade pact with Indonesia would result in tariff- and non-tariff-barrier-free access for US goods to the Indonesian market

Trump strikes trade deal with Indonesia, imposes 19% tariff on imports

Trump has sent tariff letters over the last week to multiple trading partners, increasing pressure on negotiators ahead of an Aug. 1 deadline for higher duties to take effect

US inflation picks up in June as early tariff effects start to show

Trump last week announced higher duties would come into effect on August 1 for imports from a range of countries, including Mexico, Japan, Canada and Brazil, and the European Union

EU braces for Trump's next tariff move as trade tensions escalate

Since inauguration day in January through June have shot past $100 billion - equal to or greater than the largest annual take ever from customs duties