Page 16 - Us Tariffs

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

India to pay 25% tariff plus penalty for Russian oil, defence buys: Trump

US President Donald Trump described India's trade policies as the 'most strenuous and obnoxious non-monetary trade barriers of any country'

India braces for higher US tariffs, eyes broader trade deal: Report

Trump said on Monday most partners that do not negotiate separate trade deals would soon face tariffs of 15 per cent to 20 per cent on their exports to the United States

China, US extend tariff pause after Stockholm trade dialogue concludes

Talks in Stockholm lead to agreement on maintaining existing tariffs; discussions also covered market access, fentanyl, tech exports, and possible Trump-Xi summit

How to trade IT, Pharma stocks ahead of Aug 1 tariff deadline? Details here

Technical charts show that the Nifty IT index could decline another 11% from here; while the Pharma index could rally up to 8.5% if it clears the near-term hurdle at 22,815 levels.

We want to provide trade stability and have lowest tariffs possible: Macron

Emmanuel Macron said on Wednesday he would coordinate with German Chancellor Friedrich Merz and their other European counterparts

Japan's Ishiba to decide on resignation after studying US tariff deal

Japanese Prime Minister Shigeru Ishiba said he will make a decision on resigning over a historic defeat of his ruling party in a weekend election after closely studying the tariff deal just struck with the United States. Ishiba has been under growing pressure to step down as his ruling Liberal Democratic Party and its junior coalition partner, Komeito, lost their majority in the 248-member upper house, the smaller and less powerful of Japan's two-chamber parliament on Sunday, shaking his grip on power and Japan's political stability. The loss means Ishiba's ruling coalition, which also lost a majority in the more powerful lower house in October, now lacks a majority in both houses of parliament, making it even more difficult for his government to achieve any policy goals and worsening Japan's political instability. Ishiba had announced his intention Monday to stay on to tackle pressing challenges, including tariff talks with the US, without creating a political vacuum, sparking call