Page 19 - Us Tariffs

India's domestic demand big magnet amid US trade tariffs, says Sitharaman

Finance Minister Nirmala Sitharaman said on Tuesday that the resilience of the economy and strength of domestic demand will continue to make India an engine of growth amid the rapidly evolving global trade landscape as a result of US tariffs. In an interaction entitled the Opportunities and challenges for India's quest to become a developed economy by 2047' at the High Commission of India in London, she asserted that the economy was well placed to capitalise on domestic efficiencies and competitiveness as it tackles global headwinds. The world has seen depressed growth for over several years; earlier, it was low interest for long and now it's going to be low growth for long, and that's not happy news for anybody, said Sitharaman, who is here on her first UK visit in her current Union Cabinet term. India has maintained its fastest growing economy tag continuously now for five years and we still think that momentum may moderate a bit, but it will still be India who will keep that grow

US reciprocal tariffs' fallout: Supply chains brace for disruption

For context, global sea freight rates had been going down over the past few months due to a previous build up which had caused rates to spike abnormally in 2024

Tariffs, competition may lead to further downgrades for chemicals sector

The Indian chemical sector is experiencing slow recovery on volume growth. Pressure from Chinese imports persists despite anti-dumping tariffs

FY26 may be worse than FY25 for IT services firms amid global headwinds

Uncertainty is also accentuated as the tariff scenario can play out in numerous different ways. A large part of the tariffs could get rescinded in the future or there can be an escalation of tariffs

US tariff turmoil: RBI MPC needs to gauge the effect of uncertainty

The challenge for the MPC is to gauge how this heightened level of uncertainty will affect growth and inflation dynamics in India, which will form the basis of its policy decision

'Sometimes medicine is needed to fix something': Trump on tariffs backlash

Announced on April 2, the tariffs take effect April 9, targetting imports from numerous countries, including several of the US's long-standing allies

'Don't be weak or stupid': Trump tells Americans amid market meltdown

Donald Trump touted the steep drop in oil prices - largely driven by fears of reduced demand - as a policy win in a post on Truth Social

Trump tariffs could slow euro growth by up to 1%, says Greek central banker

Comments come against the backdrop of European Union countries weighing approval of a first set of targeted countermeasures on up to $28 billion of US imports in coming days

Goldman Sachs expects major Chinese fiscal easing to counter US tariffs

Goldman said in a report on Sunday that the new tariff rates announced by US President Donald Trump would lower Chinese GDP growth by at least 0.7 per cent this year

Oil prices plunge further amid fears global trade war may cause recession

Oil plunged 7 per cent on Friday as China ramped up tariffs on US goods, escalating a trade war that has led investors to price in a higher probability of recession

Govt under US pressure, risking Indian interests: Sachin Pilot on tariffs

In a scathing attack on the government over the imposition of tariffs by the US, Congress general secretary Sachin Pilot on Sunday said that Prime Minister Narendra Modi should have worked out a constructive solution during his last America visit rather than just indulging in "photo ops" and exchanging gifts. He said that at a time the world is responding to the imposition of reciprocal tariffs by the US, the Indian government is merely buying time and leaving everything to fate. In an interview to PTI, the former minister for Corporate Affairs said the Indian government is accepting what has been given out and has not even offered a response. "I would imagine, when the PM was in Washington (in February) and met the president of the US, instead of just photo ops and exchanging gifts, something more constructive should have come out of it," Pilot said. "If our relations are as strong as the two leaders claim, then we would not have been slapped with these steep tariffs. Clearly our

Pharma companies likely to pass on costs in US as fresh levy looms

Brokerages also felt that the pharma companies will aim to pass on the tariff hike to payors

India's shrimp traders fear $1 bn loss as long-term US contracts face heat

The price drop is attributed to shrimp processors halting their purchase plans, which could severely impact growers

US reciprocal tariffs: Lenders mull revised credit cover for SMEs

Some of the industries that may be impacted include textiles, auto parts and components, and gems and jewellery

Piyush Goyal's dig at startups, Modi-Yunus meet, China's tariffs on US & more

Speaking at the Startup Maha Kumbh, Union Commerce Minister Piyush Goyal took a swipe at India's startup ecosystem, stating that while Indian startups are fixated on food delivery.

Trump’s tariffs drag Nifty, Sensex, US mkts down: What’s next? | Share Bazar news | Stocks

Indian benchmark indices, Sensex and Nifty have been trading lower. Sensex slipped over 700 points, and Nifty slid below 23,000. And it’s not just headline indices, the pain is across the board.

US tariffs to have small, indirect impact on India: NITI member Virmani

The US reciprocal tariffs will have a small indirect effect on India given the domestic economy's low dependence on foreign trade, NITI Aayog member Arvind Virmani said on Friday. He further said that in the medium term, the negative factors emanating from the imposition of tariff would be minimised with the implementation of the first phase of the proposed USA-India Bilateral Trade Agreement. In the long term, the eminent economist said the final BTA with US will aim to enhance the potential gains during the next 5 to 10 years. The US has announced 26 per cent reciprocal tariffs on India saying New Delhi imposes high import duties on American goods. "This (26 per reciprocal tariffs) will have a small indirect effect on India given our low trade dependence," he said. Virmani explained that the reciprocal tariffs are calculated by a formula which includes US trade deficit with a country and imports from that country. He said every country is however feeling the effect of increased

Biocon, Cipla: Nifty Pharma down 6% as US eyes possible tariffs on sector

Adding to the worries of investors, US is looking for possible tariffs on the pharmaceutical goods

RSS economic wing calls for India 'dumping' WTO, TRIPS amid Trump's tariffs

The TRIPS Agreement is a WTO framework that sets minimum standards for the protection of intellectual property rights like patents, copyrights, and trademarks

RIL, ONGC, Oil India slips up to 7% as crude oil slips below $70/barrel

The weakness in the oil prices came after US President Donald Trump imposed 'reciprocal' tariffs' on trading partners. He also announced a 10 per cent tariff on all countries