Indian students and workers face rising costs, visa delays, and policy uncertainty as Trump slaps a 25 per cent tariff on India, sparking fresh concerns
Stock market close highlights on Tuesday, Aug 5:Sensex settled 0.38 per cent or 308.47 points lower at 80,710.25 levels, while NSE's Nifty50 slipped 0.30 per cent or 73.20 points to 24,649.55 levels.
In the past week, textile stocks have fallen by up to 18 per cent following Trump's announcement of a 25 per cent tariff
Goldman Sachs lowered India's economic growth forecast after Donald Trump imposed a 25 per cent tariff
South Africa's Trade Minister Parks Tau said he was seeking "real, practical interventions" to defend jobs and the economy against the 30per cent US tariff it faces
Domestic export sectors such as leather, footwear, textiles and shrimp will be hit hard by the imposition of the 25 per cent tariff by the US, industry experts say. "Quick estimates suggest that India's goods exports in FY 2026 may come down by 30 per cent from USD 86.5 billion in FY 2025 to USD 60.6 billion in FY 2026," GTRI Founder Ajay Srivastava said. The duty, announced this week, will come into force from August 7 (9.30 am IST). These will be over and above the exiting standard import duty in the US. The 25 per cent tariff will replace the existing 10 per cent baseline tariff. The modified tariff is one per cent less than the 26 per cent levy announced by President Donald Trump on April 2. A White House executive order mentions that tariffs may be reduced once countries make a deal with the US. The executive order also clarifies that goods in transit until October 5, 12:01 am eastern daylight time (EDT), or 09:30 am IST, will be subject to a 10 per cent tariff, provided that
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
President Sheinbaum described the conversation with Trump as "really good" and said both countries have 90 days to build a long-term deal
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
In the medium to long term India's tariff rate are competitive with other major exporting countries and hence exports order will normalise once tariff effect gets absorbed in the market.
Trump told reporters his administration will notify some 200 countries soon of their new 'world tariff' rate
President Trump is creating this leverage by saying: if you don't want to negotiate with me, I've sent you a letter with a high rate. Have at the high rate or come and negotiate in better fashion
At 9:41 a.m. ET, the S&P 500 gained 20.11 points, or 0.31per cent, to 6,329.73 and the Nasdaq Composite gained 39.71 points, or 0.19per cent, to 20,932.40
A team of officials from Washington DC will visit India for a sixth round of negotiation, around a month after negotiators from both sides wrapped up the fifth round of talks in Washington last week
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
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
In 2024, India's bilateral trade (merchandise) with the US stood at $123.8 billion, with a trade surplus of $37.7 billion for India
European trade ministers are meeting in Brussels on Monday, following US President Donald Trump's surprise announcement of 30% tariffs on the European Union. The EU is America's biggest business partner and the world's largest trading bloc. The US decision will have repercussions for governments, companies and consumers on both sides of the Atlantic. We shouldn't impose countermeasures at this stage, but we should prepare to be ready to use all the tools in the toolbox, said Denmark's foreign minister, Lars Lkke Rasmussen, told reporters ahead of the meeting. So we want a deal, but there's an old saying: 'If you want peace, you have to prepare for war.' The tariffs, also imposed on Mexico, are set to start on Aug 1 and could make everything from French cheese and Italian leather goods to German electronics and Spanish pharmaceuticals more expensive in the US, and destabilise economies from Portugal to Norway. Meanwhile, Brussels decided to suspend retaliatory tariffs on US goods ..
Trump has ratcheted up trade measures, promising that more tariffs are coming to everyone from Canada to Brazil to Algeria and inviting trading partners to negotiate further
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