Page 15 - Us Tariffs

Samsung calls India key strategic market, upbeat on growth prospects

Consumer electronics major Samsung sees India as a "key strategic market" with "immense potential" and stays optimistic about its growth trajectory, a top company official said. The comment comes against the backdrop of global trade and tariff turmoil, and the latest US salvo of 25 per cent tariff imposition on India. India is not just a strategic market for Samsung but a key pillar in its global future, said JB Park, President and CEO, Samsung Southwest Asia, adding the South Korean Chaebol will "continue to invest in innovation, manufacturing, and local value addition, aligning with India's vision of a self-reliant economy." Samsung's long-term commitment to India remains unwavering, as it sees the country as a cornerstone of its global strategy, he said. Samsung views India as a key strategic market with immense potential. The company remains optimistic about India's growth trajectory, driven by government initiatives like Make in India, Digital India, and a robust digital ...

Donald Trump's 25% tariff hit triggers layoff warning from exporters

No Russia penalty yet; key meetings between Goyal and exporters on Saturday, Sunday

Industry optimistic about low, if not zero, tariff on electronics exports

The sobering news is that Cupertino-based Apple Inc, which assembles the iPhone in India, has already ensured that bulk of its semiconductor requirement came from non-Chinese sources

Goyal to meet exporters in Mumbai to discuss impact of 25% US tariff

Commerce and Industry Minister Piyush Goyal will hold meetings with exporters from different sectors, including food processing, textiles, engineering, and chemicals, from August 2-4 in Mumbai to discuss the implications of 25 per cent tariff announced by the US, an industry official said on Friday. The official added that exporters from segments such as fisheries, engineering, IT, and pharma will also participate in the deliberations. Leather sector exporters are expected to meet the minister on August 4 here. The US on Friday slapped a 25 per cent tariff on India, potentially impacting about half of the USD 86-billion Indian exports to America, while the other half, including pharmaceuticals, electronics, and petroleum products, continued to be exempted from the levy. New Delhi continues to be engaged in talks with the US to work out a trade deal, but will make no compromise on agricultural, daily and genetically modified (GM) products, sources said on Friday. For the sixth roun

Govt will safeguard farmers' interests in trade talks with US: Chouhan

The government will protect the interest of farmers in trade negotiations with the US, Agriculture Minister Shivraj Singh Chouhan said on Friday. "We have said clearly the country's interest is top priority. Farmers' interest will be protected," Chouhan told reporters after inaugurating the Meghalaya Pineapple Festival. The agriculture and dairy sector will be protected. "We keep in mind the country's interest while taking any decisions," he noted. US President Donald Trump on Wednesday announced the imposition of a 25 per cent tariff on all goods coming from India starting August 1, plus an unspecified penalty for buying Russian crude oil and military equipment. New Delhi has never opened the dairy sector in any of its earlier signed free trade pacts. The agri sector is politically sensitive for India, as about 700 million rural livelihoods are dependent on it. Lowering duties would also pose a risk to national food security. On Thursday, Commerce and Industry Minister Piyush Goy

Amid lab-grown rise, Tanishq launches diamond expertise centres

Tanishq, in collaboration with De Beers, introduces three diamond expertise centres, focusing on providing clarity around lab-grown diamonds

US tariffs to hurt textile exports; govt must act fast: Industry body chief

The 25 per cent tariff announced by the US will hurt the textile and apparel exports from India and the government should come to the aid of exporters, said the Confederation of Indian Textile Industry (CITI) on Friday. US President Donald Trump has announced imposition of 25 per cent tariff on Indian exports which will come into effect from August 7. The CITI suggested that the government should facilitate the availability of raw material for the sector at internationally competitive rates to enable the domestic exporters compete with international peers. The decision of the US to substantially reduce tariffs for competing countries like Bangladesh will compound the difficulties for India's textile and apparel exporters, CITI Chairman Rakesh Mehra said. The new US tariff for Bangladesh is 20 per cent, Indonesia and Cambodia 19 per cent each and Vietnam 20 per cent. Currently, China is the biggest exporter of textiles and apparel items to the US, followed by Vietnam, India, and ...

Fitch cuts GDP growth projections to 6.3%; sees mild impact of US tariffs

Fitch Ratings on Friday cut India's GDP projections for the current fiscal to 6.3 per cent and said it expects a limited direct impact of higher US tariffs on Indian corporates. In its Global Economic Outlook in April, Fitch had estimated India's GDP growth at 6.4 per cent for 2025-26. "We expect India's GDP growth of 6.3 per cent and robust infrastructure spending to underpin healthy demand for cement and building materials, electricity, petroleum products, steel, and engineering and construction (E&C) companies during FY26," Fitch said in its India Corporates Credit Trends report released on Friday. Fitch Ratings expects credit metrics to improve for its rated Indian corporates in the financial year ending March 2026, as wider EBITDA margins offset their high capex intensity. On the impact of US tariffs, Fitch said it expects a "limited direct impact" on its rated Indian corporates from higher US tariffs due to generally low to moderate US export exposure. However, second-order

Brokerages size up US's trade punch: Tariff impact seen as limited

Brokerages are hopeful that the final tariff may land lower - 15-20% - as both nations continue to negotiate a solution

Rupee hits new closing low on US penalties, worst drop since September 2022

The local currency fell 2.09% in July, its steepest monthly loss since September 2022, amid US tariff pressure, portfolio outflows, and global dollar strength

Markets withstand US tariff shock, end marginally lower after volatility

Sensex and Nifty dip slightly as investors brush off tariff threats, Fed rate hold; FMCG outperforms while metals, pharma, oil & gas see sharp cuts

US tariff, discount demands threaten Indian exporters' profit margins

Textile exporters from hubs like Tiruppur have indicated that buyers in the US are making a pitch for high discounts, urging Indian manufacturers to shoulder part of the financial strain of tariffs

Trump scraps $800 import exemption, may dent India's e-commerce exports

The move may impact Indian online sellers and e-commerce companies, many of whom have built businesses around shipping small parcels

US judges challenge claim that emergency law lets Trump impose tariffs

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

Goldman Sachs, Bernstein, Nomura: Brokerages decode Trump India tariffs

Export-oriented stocks, analysts said, can underperform in the near-term. Investor sentiment till trade talks turn positive from here is expected to remain cautious, they suggest

Trump says US, India still negotiating after 25% US tariff threat

The 25 per cent figure would single out India more severely than other major trading partners, and threaten to unravel months of talks between the two countries

US' 25% tariff to hit iPhone exports, disrupt India's electronics shipments

Apple's iPhone export plans from India face setback as US imposes 25% tariff on all Indian goods

India's refiners seek clarity on Russian oil buys after Trump post

On Wednesday, the US President said that he would impose a tariff rate of 25 per cent on India's exports to the US starting on Aug 1

Trump slaps 25% tariff on Indian goods: Smartphones, pharma, shrimp hit

The tariff kicks in August 1 and threatens key Indian exports like smartphones, pharma and shrimp ahead of trade talks set for August 25 in New Delhi

All 'taarif', no gain: Congress mocks PM Modi as Trump slaps 25% tariff

Congress criticises PM Modi after Trump imposes 25% tariff on Indian imports, saying the 'Howdy Modi' friendship has brought no real benefits