Page 8 - Us Tariff Hikes

Global stocks, dollar edge up as US signals easing of auto tariffs

Canada's dollar dipped against a broadly-firm US currency as Canadian Prime Minister Mark Carney's Liberals retained power in Monday's election

100 days of DOGE: Deep cuts spark chaos and delays across US agencies

Nearly 100 days into what Trump and tech billionaire Elon Musk have called a mission to make the federal bureaucracy more efficient

IMF chief urges swift action to ease trade tensions that risk growth

The head of the International Monetary Fund urged countries to move swiftly' to resolve trade disputes that threaten global economic growth. IMF managing director Kristalina Georgieva said the unpredictability arising from President Donald Trump's aggressive campaign of taxes on foreign imports is causing companies to delay investments and consumers to hold off on spending. Uncertainty is bad for business,' she told reporters on Thursday in a briefing during the spring meetings of the IMF and its sister agency, the World Bank. Georgieva's comments came two days after the IMF downgraded the outlook for world economic growth this year. The 191-country lending organisation, which seeks to promote global growth, financial stability and to reduce poverty, also sharply lowered its forecast for the United States. It said the chances that the world's biggest economy would fall into recession have risen from 25 per cent, to about 40 per cent. Georgieva warned that the economic fallout from

Boeing to resell jets blocked by China as trade tariffs delay deliveries

Boeing took the rare step of publicly flagging the potential aircraft sale during an analyst call on Wednesday, saying there would be no shortage of buyers in a tight jet market

Trump trade war fuels business uncertainty, rising costs and profit cuts

Dove soap maker Unilever, which was also reporting earnings, described declining consumer sentiment in its North American markets

PepsiCo cuts 2025 profit forecast amid trade tensions and cost pressures

PepsiCo now expects fiscal 2025 core earnings per share to decline 3 per cent, compared with its previous forecast of a low-single-digit increase

US imposes tariffs as high as 3,521% on solar imports from Southeast Asia

While the duties are set to benefit domestic manufacturers, they also will pinch US renewable developers that have long relied on inexpensive foreign supplies, heightening uncertainty

HCLTech CEO signals opportunities despite expected tariff consequences

HCLTech expects the tariff-led turmoil to impact retail and manufacturing verticals and spill over to the other segments after fully kicking in

Oil prices rebound on short-covering amid ongoing tariff concerns

The Brent and WTI benchmarks dropped more than 2 per cent on Monday, as signs of progress in nuclear deal talks between the US and Iran helped to ease supply concerns

Revenue hit looms for all brokerages, says CJ George, CMD, Geojit Financial

George tells that the impact of tariffs on domestic corporates is expected to be limited, owing to the strong capital raised over the past three to four years

Top Indian IT firms post weak Q4 results amid tariff, trade worries

India's top-rung IT services companies TCS, Infosys and Wipro disappointed with their March quarter and full year FY25 scorecards on multiple counts and collectively signalled heightened caution up ahead, as macro uncertainties compounded by global trade woes eroded sentiments and weighed on business outlook. The overhang of macro concerns reflected on several fronts, from muted outlook to hesitation to commit upfront on wage hikes, as management commentary from India's billion-dollar IT powerhouses remained largely sobering in the just-ended quarter. Hiring trends fared a tad better. TCS, Infosys, and Wipro cumulatively added 1,438 employees between Q3 and Q4 FY25, marking a shift, and indeed a reversal, from declines of over 900 seen in the previous quarter. With US tariff posturing swiftly resetting global trade dynamics, the tone of business commentary in Q4 was punctuated with references to underlying uncertainties and caution. "The global industry environment remained uncerta

India to raise steel, aluminium tariff issue with US next week: Official

India has taken up the issue with the US over the re-imposition of duties by America on steel and aluminium and the matter is expected to figure during a meeting next week, an official said. The official said a similar duty imposition case was amicably resolved by the US and India under a mutually agreed solution (MAS) at the WTO (World Trade Organization). The previous Biden administration, in 2018, had imposed a 25 per cent duty on certain steel items and 10 per cent on aluminium products on grounds of national security. In retaliation, India in June 2019 slapped customs duties on 28 US products, including almonds, and walnuts. India had also filed a complaint in the WTO. In 2020, both sides decided to amicably resolve all seven of their WTO disputes, including the one on steel. In response, India withdrew the retaliatory tariffs. As part of the agreement, India rescinded additional duties on eight US products, and in return, the US agreed that it would strive to ensure effective

Indian toy exporters see golden opportunity as US hikes tariff on China

India's toy exporters are aiming to utilise a "golden opportunity" emerging out of the steep tariffs imposed by the US on Chinese imports, and growing enquiries from American buyers eyeing alternative markets to reduce their reliance on Chinese goods. Toy Association of India has identified about 40 firms with the potential to export to the US market while meeting the compliance requirements. Currently, about 20 companies export toys in bulk to the American market, President Ajay Aggarwal told PTI. "We are getting more enquiries from US-based toy buyers in the last one month. Some Indian export houses have also got in touch with us seeking a list of the manufacturers who can make toy products as per US rules and regulations. They are looking for white labelling and original equipment manufacturers capable of meeting the compliance requirements of the American toy market," Aggarwal said. According to GMI Research, the United States' toy market size touched USD 42.8 billion in 2024 a

US small manufacturers hopeful on tariffs, but fear growing uncertainty

Drew Greenblatt is fully on board with the Trump administration's use of tariffs to rebalance a global trading system that it says favours foreign companies over US manufacturers. Greenblatt is the president and owner of Marlin Steel Wire Products in Baltimore, Maryland, which makes baskets and racks for medical device manufacturers, aerospace companies, food processing companies and others. It has 115 employees and makes its products in three locations in Maryland, Indiana and Michigan. The steel is sourced from Tennessee, Illinois and Michigan. Currently, it's hard to compete with baskets made overseas., Greenblatt says, because the countries he competes against have an unfair advantage. For example, due to European tariffs and taxes, it costs much more for a German consumer or company to buy Marlin wire baskets than it does for Americans to buy a German-made basket, creating an uneven playing field, Greenblatt said. It's wildly unfair to the American worker, he said. And this has

Nvidia CEO highlights China market's role during Beijing trip amid US ban

China, with vast potential for investment and consumption, has always been fertile ground for investment and trade by foreign enterprises, He was quoted as saying by Xinhua

Xi Jinping pushes for 'Asian Family' unity amid US trade pressure

In another thinly-veiled swipe at the US, the Chinese leader reiterated his call to fight unilateralism in an article published Thursday in Cambodian media ahead of his arrival in the capital

China steps up stock market rescue as record ETF inflows signal support

The surge in inflows underscores the urgency with which Chinese authorities responded as share prices stumbled in response to the evolving trade war

Trump warns Harvard may lose tax exempt status over political stance

President Donald Trump said on Tuesday that Harvard University could lose its tax exempt status and be taxed as a political entity after the school rejected demands from his administration

Wall Street edges higher as investors eye possible tariff exemptions

US President Donald Trump on Monday hinted at potential exemptions for the 25 per cent tariffs imposed on imports of autos and auto parts

IEA cuts 2025 oil demand forecast amid trade tensions, economic uncertainty

Global oil demand expected to rise by 730,000 b/d in 2025, down from 940,000 b/d last year