Page 14 - Us Tariffs

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

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