Page 13 - Us Tariffs

Russian crude oil continues to flow to India: First Deputy PM Manturo

Russian oil and energy resources continue to flow to India as Moscow sees potential for LNG exports, Russia's First Deputy Prime Minister Denis Manturo said on Wednesday. "We continue to ship fuel, including crude oil and oil products, thermal and coking coal. We see potential for exporting Russian LNG," Manturov said, co-chairing the 26th session of the India-Russia Intergovernmental Commission on Trade, Economic, Scientific-Technological and Cultural Cooperation (IRIGC-TEC). From the Indian side, the commission was co-chaired by External Affairs Minister S Jaishankar, who arrived here on Tuesday on a three-day visit. "We expect to expand comprehensive cooperation in the peaceful nuclear sector, including on the basis of the successful experience of the Kudankulam NPP construction project," the Russian leader said. Manturov noted that trade between Russia and India in national currencies has exceeded 90 per cent. "An equally important task, especially in the current realities, i

Near-term concerns will weigh on Samvardhana Motherson's profit margins

Going ahead, brokerages expect pressure on margins due to demand pressures and increased costs

US tariffs: Fitch cautions rising second-order risks may hit India Inc

Fitch says Indian pharma, oil marketing companies and auto exporters face downside risks from US tariffs, with Biocon and HPCL-Mittal flagged as vulnerable

Trump tariffs get seal of approval as S&P affirms AA+ credit rating

The decision offers a glimmer of good news for Trump, who has pushed back against arguments that his historic program of tariffs will damage the US economy

Tariff turbulence: Ludhiana industries oscillate between resilience, risk

The final report in the series gauges Ludhiana's industrial pulse as 50% US tariff looms

Putin calls PM Modi after Alaska meet with Trump, bilateral ties reviewed

Prime Minister Modi said Putin phoned him to share insights from his Alaska meeting with Trump, as India and Russia reaffirmed close ties amid US tariffs on Indian goods

Turbocharging India: Assuming global economic leadership

Higher tariffs could render many Indian products uncompetitive in US markets and bring unfavourable repercussions to the domestic economy

Tamil Nadu CM seeks special relief package to counter US import tariff

Tamil Nadu Chief Minister M K Stalin on Saturday expressed concern over the possibility of the enhanced US tariff on Indian imports affecting the industry and employment, and demanded that the Centre provide a special financial relief package. The package should include a moratorium on principal repayment, he told Prime Minister Narendra Modi in a letter. While appreciating the efforts by the Centre to achieve a mutually beneficial trade agreement with the US, he also exteded full support to the country's position to defend national interests. "In this context, I wish to bring to your attention a matter of considerable concern to Tamil Nadu, as it faces severe implications due to the current 25 per cent tariff and its potential escalation to 50 per cent." In the last financial year, while 20 per cent of India's total goods exports of USD 433.6 billion were to the US, 31 per cent of Tamil Nadu's USD 52.1 billion goods were exported to that country. "This higher dependency on the US

India's trade deficit widens to eight-month high of $27.35 billion in July

India's trade deficit hit an eight-month high in July as imports grew faster than exports; government eyes FTAs and export promotion to boost competitiveness

Datanomics: India's manufacturing sector yet to show its strength

While certain sectors such as smartphones have shown remarkable export growth, the broader manufacturing landscape does not tell an inspiring story

Despite tensions over tariffs, ties with US remain robust, says MEA

MEA confirms strong India-US defence ties despite tariff tensions and says talks with China are under way to resume border trade through designated points

Mitsubishi to invest $600 million for 30% stake in US copper mine project

Japan's Mitsubishi to buy into Arizona's Copper World project for $600m, weeks after the US imposed steep tariffs on semi-finished copper products

Govt targets 50 countries including West Asia, Africa to boost exports

The government is working on measures to boost India's exports, including targeting 50 countries in regions such as the Middle East and Africa, amid the heavy tariffs imposed by the US on Indian goods, an official said on Monday. These 50 countries account for about 90 per cent of India's exports. The official said that the commerce ministry is working on four pillars including export diversification, import substitution, and export competitiveness "Detailed analysis is underway on these pillars. The ministry is working product by product," the official said. The commerce ministry was already focusing on 20 countries and now 30 more have now been included in the strategy. India's exports remained flat at USD 35.14 billion in June due to global economic uncertainties, while the trade deficit narrowed to a four-month low of USD 18.78 billion during the month. During April-June 2025-26, exports increased 1.92 per cent to USD 112.17 billion, while imports rose 4.24 per cent to USD 17

Tariff uncertainty may harm investment decisions: SBI chief CS Setty

But, the narrative around the uncertainty is more damaging and may cause delay in investment decisions and postponement of spending, he added

US tariff shock puts Indian MSMEs at risk, industry seeks govt support

MSMEs, which drive 45% of India's exports, warn of a $30 bn blow as US imposes steep tariffs; industry calls for urgent support and export market diversification

Trump signals no more trade talks, Piyush Goyal says parleys still on

Commerce minister confident India's FY26 exports will exceed last year's tally

Benchmark indices log longest weekly losing streak since pandemic

Sensex, Nifty post sixth straight weekly fall as trade tensions with US escalate and weak earnings, FPI outflows drag market sentiment; Bharti Airtel leads losses

India will emerge stronger amid US tariffs, says Goyal as trade talks go on

Commerce Minister Piyush Goyal said India is in negotiations with the US, EU and others for trade agreements, aiming to exceed last year's $825 bn exports despite tariff challenges

IT sector braces for slower growth trajectory as US tariff tensions mount

Sectors such as automobile, manufacturing, and retail are already bearing the brunt of tariffs - this was called out by IT executives during their earnings conferences last month

Datanomics: Net exports' contribution to US GDP growth at its peak

Net exports of goods and services contributed 4.99 percentage points to GDP growth in the second quarter of 2025, the highest in the US since at least 1947