Page 14 - Us Tariffs

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

Will face short-term US tariff impact, says Kitex MD Sabu M Jacob

We are in wait-and-watch mode. There is uncertainty in the market, as all buyers are holding the orders. They are confused about which country they should place the orders in

India's gems and jewellery exports to US halted after 50% tariff hike

The US tariff hike on gems and jewellery exports from India has halted shipments, slashed market share and may lead to 1.25 lakh job losses in major export hubs

Medical devices industry raises concerns over additional 25% US tariff

With US duties on Indian medical devices now at 50%, industry groups warn of trade instability, lost competitiveness, and adverse impact on American patients

India's state refiners pause Russian oil buys amid US tariff pressure

Companies including Indian Oil Corp., Bharat Petroleum Corp. and Hindustan Petroleum Corp. plan to skip spot purchases of the crude in the upcoming buying cycle

Rupee remains steady due to likely RBI intervention amid tariff tensions

Rupee settles nearly flat at 87.71 per dollar despite US tariff escalation; forex dealers cite likely RBI intervention through dollar sales and NDF operations

Tariff impact on India's iPhone exports unclear despite US exemption

Apple Inc Chief Executive Officer Tim Cook has announced the company is increasing its investment in the US by another $100 billion-600 billion in four years

India slams US 25% tariff as 'unfair, unjustified and unreasonable'

MEA says US move to impose 25% tariff on Indian goods over Russian oil imports is "extremely unfortunate" and pledges all necessary steps to safeguard India's national interests

Trump trade tariffs: MCA planning to ease compliance burden for MSMEs

"We are looking at it very seriously and taking inputs from the MSME ministry as well," a government source said

MPC review: RBI hits pause on policy repo rate cuts, citing uncertainties

The central bank also cut the inflation outlook for the current financial year by 60 basis points (bps) to 3.1 per cent which is significantly below its mandated target of 4 per cent

Nifty futures fall, oil rises after US tariffs on India over Russian energy

Nifty futures dip and Brent crude gains after US imposes an extra 25% tariff on Indian goods over Russian energy imports, with analysts calling it a negotiation tactic

India refiners wait for govt order on Russian oil purchases: Report

US President Donald Trump has criticised India's Russian oil purchases, arguing they help fund Moscow's war in Ukraine

Textile industry seeks export incentive to minimise US tariff impact

The US is India's largest market for textile and apparel exports, and had clocked around $4.59 billion worth of exports during the January to May 2025 period

US tariffs to have 'negligible' impact on India's GDP, exports: Study

The 25 per cent tariffs on Indian goods announced by US President Donald Trump will have "negligible" impact on the country's GDP as only USD 8.1 billion of exports to America might get affected, according to a PHDCCI study released on Wednesday. The tariffs announced by the US are likely to come into effect on August 7, 2025. The paper, released by the PHD Chamber of Commerce and Industry (PHDCCI), also recommends a series of measures to mitigate the impact of US tariffs. "Our analysis indicates that there will be an estimated impact of only 1.87 per cent on India's total global merchandise exports and a negligible 0.19 per cent on India's GDP as a result of a 25 per cent tariff announced by the US on India," said Hemant Jain, President, PHDCCI. The study said the total potential export impact is estimated at USD 8.1 billion based on 2024-25 merchandise exports of USD 86.5 billion (1.87 per cent of India's total global export). Among other sectors, the study said the levies would

Don't burn ties with India, says Nikki Haley; slams China tariff pause

Former UN envoy and presidential primary contestant says US should not penalise ally India while giving China, the top buyer of Russian oil, a 90-day tariff break despite deeper ties with Moscow