Page 17 - Us Tariffs

'No change': Trump reaffirms Aug 1 tariff deadline, rules out extensions

US President Donald Trump confirms 25% tariffs on Japan, South Korea from August 1, rejecting delays. Reciprocal duties target 50+ countries as trade talks stall; retaliation warnings issued

Letters and the spirit: Trump pushes global trade into uncharted territory

With the end of the 90-day pause on the imposition of the so-called reciprocal tariffs and the US sending letters, a few things are now clear

Trump's MASALA playbook: India faces tough choices in trade deals

Responding to the blowback, the White House softened its stance on April 9, imposing a 90-day pause and a uniform 10 per cent tariff on most imports, excluding China

South Korea continues to keep its chin up as Trump wields tariff threat

Trump threatened to impose a 25 per cent tariff on South Korean exports to the United States starting August 1 unless the longtime American ally lowered what he believes are unfair trade barriers

India may soon finalise US trade deal, but must tread carefully: GTRI

India could be among the countries expected to finalise a trade deal with the US soon, as President Donald Trump steps up pressure by issuing formal tariff letters to several nations, but New Delhi must tread carefully, economic think tank GTRI said on Tuesday. "Trump's model isn't a free trade agreement, it's a YATRA - Yielding to American Tariff Retaliation Agreement," the Global Trade Research Initiative (GTRI) said. The US has extended the deadline for countries to finalise bilateral trade deals with the US from July 9 to August 1, giving a final three-week window before sweeping country-specific tariffs come into force, it added. The extension is part of a broader trade offensive launched on April 2, when Trump identified about 60 countries for special tariffs unless they signed new deals aligning with American trade interests. So far, only the United Kingdom and Vietnam have complied. A temporary ceasefire deal with China is also in place. "Now, Trump is escalating the press

JLR reports Q1 sales decline due to Jaguar phase-out and US tariffs

Jaguar Land Rover (JLR) reports a 10.7% drop in Q1 FY26 wholesale volumes and 15.1% decline in retail sales, citing the Jaguar phase-out and US import tariffs as major factors.

US tariffs on European goods likely to disrupt world's largest trade ties

America's largest trade partner, the European Union, is among the entities awaiting word Monday on whether US President Donald Trump will impose punishing tariffs on their goods, a move economists have warned would have repercussions for companies and consumers on both sides of the Atlantic. Trump imposed a 20% import tax on all EU-made products in early April as part of a set of tariffs targeting countries with which the United States has a trade imbalance. Hours after the nation-specific duties took effect, he put them on hold until July 9 at a standard rate of 10% to quiet financial markets and allow time for negotiations. Expressing displeasure the EU's stance in trade talks, however, the president said he would jack up the tariff rate for European exports to 50%. A rate that high could make everything from French cheese and Italian leather goods to German electronics and Spanish pharmaceuticals much more expensive in the US. The EU, whose 27 member nations operate as a single .

Crude oil price can drop to $55-60 a barrel by December 2025: Premasish Das

Crude oil markets are pricing in a fair amount of uncertainty at the current levels, Das said. That's why oil had dropped below $60 for a time-before the West Asia tensions pushed it back up

Global factory growth faces hurdles as tariff fears cloud outlook

Factory activity in South Korea contracted for the fifth straight month though the pace of decline eased on relief over a snap presidential election on June 3 that ended six months of uncertainty

US crude oil exports jump in hope for India as trade treaty deadline nears

Total imports from the US stood at $8.9 billion in April-May 2025, up from $7 billion in the same period a year earlier, Indian customs data showed

Sona Comstar plans domestic magnet production to cut China imports

China, which produces around 90 per cent of the world's rare earth magnets, put restrictions in April on their exports as part of its response to US tariffs

Indian financial system resilient amid global uncertainty: RBI report

RBI Governor says financial stability is essential for growth, urges vigilance as global structural shifts make policymaking harder amid trade fragmentation, climate risks, and geopolitical tensions

'Very big' trade deal coming, maybe with India, says Donald Trump

The ongoing in-person round of talks between New Delhi and Washington is crucial, considering that the end of the 90-day pause on the US's plan to impose country-specific reciprocal tariffs on July 9

As US credibility falters, Asia and Europe must lead global stability

Given that everyone will suffer from these shocks, cooperation to ameliorate them should be a priority, especially for Asia and Europe

Exports of cut and polished diamonds to decline by 7-10% in FY26: Icra

India's CPD exports may decline to $12 billion in FY26 amid pressure from US tariffs, lower demand in China, and rising competition from lab-grown diamonds

Business Standard CEO Poll: Wars, trade frictions test biz confidence

75% of CEOs are "cautiously optimistic" about the future

India should open up its market to attract more FDI: Wendy Cutler

Trade negotiations involve many detailed issues and often take over one year to negotiate, says Cutler

Rare earth, tariffs and geopolitics: Centre walks tightrope on trade deal

Supply-chain disruptions related to rare earth magnets from China are another cause of geopolitical anxiety for the government at this point

No indications of US market slowing due to tariff, says TVS SCS MD

The tally of our Fortune 500 customers increased from 78 to 91 in the last one year, Ravi Viswanathan said

Sensex down 182, Nifty at 24,751 as US tariffs keep investors cautious

The Sensex settled at 81,451, down by 182 points or 0.22 per cent, while the Nifty50 closed at 24,750.1 levels, down by 82.90 points or 0.33 per cent