Page 11 - Us Tariffs

We're creating a system for shipbuilding in India, says Sarbananda Sonowal

First phase [of Vadhavan port] is expected to be completed by 2029 and second by 2037, says Sonowal

US tariffs may cut India growth by 0.5%: Ex-commerce secretary G K Pillai

A steep 50 per cent tariff imposed by the US on shipments from India would have a very small impact on India's economic growth of about 50 basis points if exporters are unable to find alternative markets, former Commerce and Home Secretary G K Pillai said on Thursday. Terming the steep tariff imposed on India as discriminatory, he said others like China and many European nations also import energy from Russia, but the US has not imposed a penalty against them. "Impact of the US tariffs on India would be very small, say about 0.5 per cent, but it is going to affect labour-intensive sectors like textiles, gems and jewellery, seafood exports, chemicals, and so on," he said at an event here. "At least for 3-6 months, the profitability of Indian companies will come down. Some companies will be forced to lay off workers but I am sure that the government will take steps to see that this is mitigated," he said. The government needs to take some steps to help exporters and industries to tid

Welspun Living, Alok Ind: Textile stocks slip up to 4% on US tariff jitters

Textile stocks traded largely negative, falling up to 4 per cent, after 50 per cent tariffs levied by the US on Indian goods came into effect from August 27, 2025

Chips, AI, rare earth minerals: PM Narendra Modi to court Japan Inc

PM Modi's two-day Japan visit will focus on 'Make in India' pitch, trade, technology, and strengthening the India-Japan strategic partnership

US tariffs: Bracing for pain, exporters cling to trade deal hopes

Workers, small business owners fear loss of livelihood as factories reduce operational hours amidst cancelling of orders

Communication channels open, says govt as 50% US trade tariff kicks in

In the meantime, describing the India-US relationship as "very complicated", US Treasury Secretary Scott Bessent, in a television interview, hoped that "at the end of the day, we will come together"

India Inc bonds resilient amid record trade costs from US tariffs: Barclays

Barclays says Indian corporates will face margin compression but remain supported by strong leverage, liquidity and domestic demand as US tariffs hit $55 bn exports

US tariffs a wake-up call for India to push bold reforms: Amitabh Kant

India should view US tariffs as a wake-up call to implement bold and once-in-a-generation reforms and diversify its export markets for long-term growth, former Niti Aayog CEO Amitabh Kant said on Wednesday. Addressing the BN Memorial Lecture organised by IRS (C&IT) Association, Kant said, "This is India's century, irrespective of Trump's tariff, I strongly believe that Trump has given us a huge opportunity for reforms". On the US excuse of Russian oil imports for tariff hike, Kant said, "It's not about Russian oil. If it were the issue, then China buys much more Russian oil and Turkey buys as much Russian oil". The former G-20 Sherpa also talked about disruption in the global supply chain and India's need to improve administrative efficiency for the rapid expansion of production infrastructure. "Trump's tariffs must be a wake-up call for India. The irony is striking: the U.S. is actively negotiating with Russia and China, the latter being the largest buyer of Russian oil, yet ...

What to know about India's rising oil imports from Russia amid US tariffs

President Trump accused India of aiding Moscow's war on Ukraine by purchasing Russian energy, derailing trade talks between India and the United States

Commerce ministry holds talks with exporters to counter steep US tariffs

The Commerce Ministry will hold a series of meetings this week with exporters from various sectors, including chemicals, gems and jewellery, to discuss ways to boost exports to new markets to shield industries from the steep 50 per cent US tariffs on Indian goods, an official said on Wednesday. The official also said work is progressing fast on the formulation of the Export Promotion Mission, announced in the Budget for 2025-26. "In the next 2-3 days, the ministry will meet stakeholders on the diversification of exports," the official added. The steep 50 per cent tariff on Indian goods entering the United States, which came into effect from August 27, would impact exports worth more than USD 48 billion. The sectors which 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. Sectors such as pharma, energy ...

Additional 25% tariff imposed by Trump on India comes into effect

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. The Department of Homeland Security (DHS), in a draft order published on Monday, said the increased levies would hit Indian products that are entered for consumption, or withdrawn from warehouse for consumption, on or after 12:01 am eastern daylight time on August 27, 2025. Trump had announced reciprocal tariffs of 25 per cent on India that came into effect on August 7, when tariffs on about 70 other nations also kicked-in. On August 7, the US president announced doubling tariffs on Indian goods to 50 per cent for India's purchases of Russian crude oil, but gave a 21-day window to negotiate an agreement. On Monday, Prime Minister Narendra Modi asserted he can't compromise on the interests of farmers, cattle-rearers, small-scale industries, cautioning "pressure on us may .

'Somebody not very happy': Fiji PM on PM Modi's resilience amid US tariffs

Rabuka revealed insights from his conversation with Prime Minister Modi during an audience interaction following his lecture on 'Ocean of Peace' at Sapru House

CITI seeks govt aid to help textile exporters cope with 50% US tariffs

CITI has urged the government to extend immediate fiscal support to textile exporters hit by US tariffs, warning of risks to jobs, forex earnings and export targets

50% US tariff on India takes effect Wednesday; exporters seek urgent relief

Exporters will need to explore new markets as the US is no longer an option for many, he stressed

India, US hold 2+2 dialogue on trade, defence after tariff tensions

India and the US held a 2+2 Intersessional Dialogue to advance trade, defence, and security cooperation after weeks of strained ties over Washington's new tariffs on Indian goods

Sensex, Nifty tumble as US slaps additional tariffs on Indian goods

Indian markets logged their worst fall in three months after the US imposed additional tariffs of up to 25 per cent on Indian exports, dragging Sensex and Nifty sharply lower

No significant impact of US tariffs on RE equipment exports: MNRE Secy

MNRE Secretary Santosh Kumar Sarangi said US tariffs will not hit India's renewable exports due to low volumes, as the country pushes ahead with offshore wind and new projects

Safeguard duty on steel: More than a safety net, but is it enough?

Can the safeguard duty on steel be more than a safety net, and is it enough when other countries are also stepping up to protect their interests?

US pharma tariffs unlikely to hit Indian drugmakers materially: Ind-Ra

Ind-Ra said US tariffs may cause only short-term pricing impact for Indian pharma as firms remain fortified by diversification, strong balance sheets, and global market positioning

Are export sectors in the firing line? Markets brace for tariff fallout

From textiles and gems to auto parts and seafood, Indian exporters brace for shrinking US orders, job losses, and weaker earnings as Trump's tariff surge takes effect on August 27