Page 3 - Us Tariff

US ends low-value package tariff exemption, raising costs for shippers

The change broadens the Trump administration's cancellation of the de minimis exemption for packages from China and Hong Kong in May as part of an effort to halt shipments of fentanyl

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

US tariffs to hit nearly one-fourth of textile exports in 6 months: Experts

As the 50 per cent tariffs imposed by the US come into effect, close to one-fourth of India's textile exports may be severely impacted in the next six months, with America being the largest export market for the country's apparel industry and exporters grappling with order cancellations, experts said on Thursday. However, the extension of duty-free import of cotton by three more months till December 31 is expected to bring some much-needed relief to the domestic textile industry, as it looks to mitigate the impact of the steep tariffs by re-orienting its export strategy and exploring alternate destinations other than the US, by leveraging India's existing free trade agreements (FTAs). "We are looking at a hit of at least 20-25 per cent for the next six months, if I am considering some amount of re-orientation to be done because otherwise the figure is 28 per cent of exports, largely apparel and made-ups," Confederation of Indian Textile Industry (CITI) Secretary General Chandrima ...

Textiles, jewellery stocks to remain in focus amid 50% US tariffs: Analysts

Stock market investors may remain jittery in the near term as the steep 50 per cent tariff on Indian goods entering the United States came into effect from Wednesday, with sectors like textiles, gems and jewellery, leather expected to remain in focus, when the benchmark indices begin trading on Thursday, analysts said. Market experts, however, believe that panic is unlikely since the 50 per cent tariff is not unexpected and in the near term, stocks may remain range-bound. The additional 25 per cent tariff imposed by US President Donald Trump on India for its purchases of Russian oil came into effect Wednesday, bringing the total amount of levies imposed on New Delhi to 50 per cent. Sectors that would bear the brunt of the high import duties imposed by the Trump administration include textiles/clothing, gems and jewellery, shrimp, leather and footwear, animal products, chemicals, and electrical and mechanical machinery. The domestic equity market is closed on Wednesday on account of

US slaps steep tariffs on Indian goods, exports set to fall from Wednesday

The new duties will apply from 12:01 am EDT on Wednesday (9:31 am IST), it showed. Exceptions are shipments in transit, humanitarian aid, and items under reciprocal trade programmes

Readymade garment revenue to halve in FY26 as US tariff kicks in: Crisil

Crisil warns India's garment sector revenue growth will slow to 3-5% in FY26 as US tariffs rise to 50%, eroding competitiveness against Bangladesh, Vietnam and China

Sun, Lupin, Dr Reddy's drop up to 4%; why are pharma stocks falling today?

Pharma shares crash: In the past four weeks, the Nifty Pharma index has slipped 5 per cent, as against 0.19 per cent decline in the Nifty 50.

US food sector seeks relief from Trump admin as tariffs threaten prices

The US food sector is pressing the Trump administration for relief as new tariffs on imports like seafood, fruits, and vegetables risk pushing up consumer prices

UP scouts new markets as US tariffs hit textiles, jewellery and leather

Uttar Pradesh looks to Latin America, Europe, Africa and South-East Asia for exports as US tariffs squeeze textiles, jewellery and leather, with a new policy aiming Rs 5 trillion exports by 2030

Indian company borrowing costs see steepest rise since 2022 on fiscal risks

The average yield on top-rated three year company notes climbed 26 basis points in two days through Tuesday, set for the steepest weekly gain since November 2022, data compiled by Bloomberg show

Oil prices climb after US adviser warns India over Russian crude imports

White House trade adviser Peter Navarro's comments around India's purchases of Russian crude funding Moscow's war in Ukraine revived concerns about supply flows

Experts split on impact of new US tariffs on India's jobs, exports

The steep tariff imposed on Indian exports to the US has evoked concerns among staffing experts with some of them warning of an immediate jobs crisis while others believe India's domestic demand and trade diversification will help cushion the impact. "The recent imposition of additional US tariffs is expected to have a direct and substantial impact on India's employment landscape. This will especially impact those industries relying heavily on the US market for business continuity and growth," workforce solutions and HR services provider Genius HRTech founder, chairman and managing director R P Yadav told PTI. Sectors like textiles, auto components, agriculture, and gems and jewellery are the most vulnerable, with MSMEs bearing the brunt, said Yadav. He estimates that 2,00,000 to 3,00,000 jobs are at immediate risk, with textiles alone, which is labour-intensive, potentially losing 1,00,000 jobs, if the tariff regime continues beyond the next six months. "Similarly, in the gem and

India remains fully engaged with US on trade negotiations: Commerce Secy

Barthwal said that Washington is a very important trade partner for New Delhi. A US delegation is scheduled to arrive in New Delhi for the next round of negotiations on August 25

Howrah foundries rush to export extra shipments to beat looming US tariffs

Saha is oblivious to the tug-of-war over tariffs. He is simply racing to meet a tight deadline for orders bound for the United States -- a story repeated across the export-focused units of Howrah

India may miss FY26 fiscal deficit target of 4.4% on slower growth: BMI

BMI projects India's fiscal deficit to narrow to 4.5% of GDP in FY26, citing slower growth, tariff risks, and higher state spending as challenges to fiscal consolidation

Asia stocks mostly on the rise as tariff truce supports sentiment

Markets have held modest ranges in recent weeks, waiting to see whether the world's two largest economies can agree on a durable trade deal or if global supply chains will again be upended

Govt asks seafood exporters to explore alternative mkts amid US tariff hike

The government on Monday asked seafood exporters to "bravely face" the current challenge of high US tariffs and explore alternative markets to ship shrimps and other fish varieties. Addressing a press conference, Union Minister for Fisheries, Animal Husbandry and Dairying Rajiv Ranjan Singh said alternative markets are available for India's seafood exports. "The EU, Japan, South Korea, UK, Russia, Australia, West Asia, South East Asia and many countries are available for export of Indian seafoods," he said. "We have asked them (exporters) to face the current challenge bravely. There are alternative markets available... Where there is a will, there is a way," Singh added. The minister emphasised the need for improving value addition and packaging before reaching other markets. "We have told them that before reaching other markets, there is a need to improve value addition and packing. We have asked to work in this direction," he noted. Singh also asked exporters to take advantage

Bolton warns Trump's tariffs risk pushing India closer to Russia, China

Trump's leniency on the Chinese, and heavy-handed tariffs on India, jeopardise decades of American efforts to bring India away from Russia and China, said Bolton

Misjudging a presidency: How overconfidence about Trump era turned to anger

India may yet emerge from this period of flux in trading relations with a tariff rate and exemption list from the US that allows some of its exporters to survive

US gold bar tariffs spark market turmoil and price surge in New York

Gold futures in New York which are backed by those forms of bullion surged to a record high, as traders, analysts and executives across the industry were left reeling