Page 10 - Us Tariff

Trade, energy imports in focus as PM Modi to meet Trump during key US visit

PM Modi's US visit takes on added significance as Donald Trump plans to introduce reciprocal tariffs, with an announcement expected just before the Indian PM's arrival in Washington DC

US tariffs' scare push rupee to record low, RBI steps in to cap losses

Trump said he will introduce new 25 per cent tariffs on steel and aluminium imports into the US

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

Mexico deploys first of 10K National Guard to US border after tariff threat

A line of Mexican National Guard and Army trucks rumbled along the border separating Ciudad Jurez and El Paso, Texas Wednesday, among the first of 10,000 officers Mexico has sent to its northern frontier following tariff threats by President Donald Trump. Masked and armed National Guard members picked through brush running along the border barrier on the outskirts of Ciudad Jurez, pulling out makeshift ladders and ropes tucked away in the trenches, and pulling them onto trucks. Patrols were also seen on other parts of the border near Tijuana. It comes after a turbulent week along the border after Trump announced he would delay imposing crippling tariffs on Mexico for at least a month. In exchange, Mexican President Claudia Sheinbaum promised she would send the country's National Guard to reinforce the border and crack down on fentanyl smuggling. Trump has declared an emergency on the border despite migration levels and fentanyl overdoses significantly dipping over the part year. The

Canada to host summit on boosting economy after Trump tariff threat

Trudeau said the one-day meeting would group leaders in trade, business, public policy, and organized labor to build what he called a long-term prosperity agenda

Mexico President says tariffs with United States paused for a month

As part of the agreement on Monday, Sheinbaum said that Mexico will send 10,000 National Guard troops to the US border to stop drugs, particularly fentanyl, from moving into the United States

PM Modi's Trump strategy sees quick concessions to avoid trade war

India's latest accommodation came on Saturday, when government unveiled the first-ever overhaul to its tariff regime, which included sweeping cuts to duties on imports from textiles to motorcycles

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

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

US tariff worries may push rupee to all-time low before upcoming budget

Trump is planning to impose tariffs on Canada and Mexico on Saturday and is considering fresh tariffs on China

Fed to hold rates steady as it awaits more data, clarity on Trump's move

Investors and many economists still expect the Fed to reduce interest rates later this year, but the watchword for policymakers for now may be caution until they are more certain inflation will fall

Oil prices fall as US crude inventories rise, tariff fear continues

Supply concerns eased after Libya's National Oil Corp said on Tuesday export activity was running normally after it held talks with protesters demanding a halt of loadings at one its main oil ports

Trump calls India, China high tariff nations, vows to establish fair system

While the memorandum did not specify the countries on which the US would impose higher tariffs, Trump has separately mentioned that high tariffs would be slapped

Canada's Freeland hopeful, lays out plan to fight Trump's tariff threats

Chrystia Freeland, the former finance minister who is running to replace Justin Trudeau as Canada's prime minister, said Monday Canada needs to release a retaliation list of goods the country would target if US President Donald Trump makes good on his threat to slap 25 per cent tariffs on Canadian goods. A list of products worth 200 billion Canadian dollars (USD 139 billion) would send a message to US exporters about the harm tariffs would cause them, Freeland said in a statement. Being smart means retaliating where it hurts, she said. Our counterpunch must be dollar-for-dollar and it must be precisely and painfully targeted: Florida orange growers, Wisconsin dairy farmers, Michigan dishwasher manufacturers, and much more." Now is the moment when Canada must make clear to Americans the specific costs that will accompany any tariff measures by the Trump administration. Trump has said he will use economic coercion to pressure Canada to become the nation's 51st state. He continues to

Weighing 10% tariff threat on China, says Trump a day after taking office

Trump during his campaign pledged sweeping tariffs against other nations, including levies of 60 per cent on Chinese products

Global companies likely to be affected by Donald Trump's promised tariffs

Here are companies that may be affected

Oil prices fall as traders digest Trump tariff reprieve, stronger dollar

Brent crude futures were down $1.52, or 1.9 per cent, at $78.63 per barrel at 1406 GMT. US West Texas Intermediate crude futures were down by $2.14, or 2.8 per cent, at $75.74

Mexico, EU revamp trade deal before Trump takes office with tariff threats

Mexico and the European Union on Friday announced a revamped trade agreement that they said would substantially increase trade and investment, days before the inauguration of US President-elect Donald Trump, who has threatened to slap sweeping tariffs on Mexico and other trading partners. The new Global Trade Agreement between Mexico and the 27-nation bloc would reduce Mexican tariffs of agri-food imports from Europe, remove a number of barriers that would allow European companies to more easily invest in Mexico and boost Mexican exports of raw materials like fluorspar (used in electronics) as well as antimony, copper, zinc and lead. The updated deal, which first entered into force 25 years ago, also seeks to facilitate strategic cooperation on key geopolitical issues, the European Union said in a statement. We have entered a new era in our strategic partnership with Mexico today. Our upgraded agreement shows the EU and Mexico united for freer trade and an open global economy," said

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

Shooting itself in the foot - again: This trade barrier hurts India more

The real problem with India's trade policy lies in a seemingly innocent administrative procedure that doesn't sound half as dangerous as tariffs