Page 23 - Us Tariffs

India's farm, trade sectors anxious over US tariff and duties decisions

Among the commodities under discussion - especially after the US imposed tariffs on China - is soybean oil, with hopes of increased imports from the US

Will keep India's interests on top in US trade talks: FM Sitharaman

Says govt seized of potential reciprocal tariff problems

TSMC to invest $100 bn in US expansion on strong customer demand: CEO

Apple chipmaker Taiwan Semiconductor Manufacturing Company Limited (TSMC) CEO CC Wei said US investment will not impact domestic expansion

Stellantis pledges more US cars, thanks Trump for 1-month tariff exemption

The White House on Wednesday said Trump would exempt automakers from his punishing 25 per cent tariffs on the two countries for one month as long as they comply with existing free trade rules

'Bear with me', says Trump as farmers, consumers brace for tariff effects

Farmers and meat producers across the US can expect the new tariffs on Mexico, Canada and China and the retaliatory action from those countries to hurt their bottom lines by billions of dollars if they stay in place a while, and consumers could quickly see higher prices for produce and ground beef. But some of the impact on farmers might not be felt until the next harvest and some products might actually get cheaper in the short run for consumers if exports suffer. And the price of corn, wheat and soybeans accounts for relatively little of the price of most products. Plus, President Donald Trump could offer farmers significant aid payments, as he did during the trade war with China during his first administration, to offset some of the losses. In his address to Congress Tuesday night, Trump argued that agricultural imports hurt American farmers and asked them to "bear with me again" as he seeks to protect them. He didn't mention any additional aid. I love the farmer, he said. If t

Exporters seek import duty cuts to counter US steel, aluminium tariffs

The 25% US tariffs on steel and aluminium imports, effective March 12, have raised Indian exporters' concerns about declining orders and rising costs

Govt awaiting clarity on tariffs before steel trade strategy: Kumaraswamy

This comes after US President Donald Trump imposed a 25 per cent tariff on imports from Canada and Mexico and a 10 per cent levy on Chinese imports

Canada, China's tariffs on US, Maharashtra minister resigns, Stock market update & more #newsinamin

US tariffs on imports from Mexico, Canada, and China took effect today, prompting countermeasures. Canada imposed a 25% levy on 30 billion Canadian dollars in US exports.

US-Canada tariff history: The 2018 trade dispute, retaliation, and fallout

From a steel standoff in 2018 to a lumber feud spanning decades, here's how US-Canada tariff battles have shaped trade relations over the years

No room left for Canada, Mexico to avert US tariffs on imports: Trump

When asked about the possibility of a deal, Trump confirmed that "tariffs are all set and are going to effect" on March 4 as planned

US tariff-related developments, trends, key drivers for markets: Analysts

Equity markets will take cues from the US tariff related developments, global trends and trading activity of foreign investors this week, analysts said. Markets may face volatile trends going ahead as investor sentiment continue to remain weak due to escalating trade tariff concerns and foreign fund outflows, experts noted. In February alone, the NSE Nifty tanked 1,383.7 points or 5.88 per cent. The BSE Sensex lost 4,302.47 points or 5.55 per cent last month. From its record peak of 85,978.25 hit on September 27 last year, the BSE benchmark index is down 12,780.15 points or 14.86 per cent. The Nifty dropped 4,152.65 points or 15.80 per cent from its lifetime high of 26,277.35 hit on September 27, 2024. "Investors will be closely watching key events, including the tariff policy, and jobless claims. In the near term, market conditions are expected to remain weak, with a gradual recovery anticipated as earnings improve from Q1 FY26 and global trade policy uncertainties subside," Vinod

China vows to take 'all necessary measures' against new US tariffs

Beijing's reaction came hours after Trump announced an additional 10% tariff would take effect March 4

Trump unveils more tariffs on China, raising risk of further retaliation

The tariffs will also likely raise prices of US imports, as companies in China will try to pass on the increased costs to US customers

Drugmakers tout AI efforts at conference amid US tariffs concerns

Drugmakers such as Amgen and contract manufacturers including Parexel highlighted AI's role in reducing the time taken to conduct certain parts of the trials

India has lower exposure to US tariffs than peers in Apac region: Moody's

Moody's Ratings on Tuesday said India has a lower overall exposure to the US relative to others in the APAC region, although certain sectors such as food, textiles and pharmaceutical products face risks. Moody's said most companies in its rated portfolio are domestic-focused with limited exposure to the US market. To mitigate pressure from reciprocal tariffs, the US and India are reportedly engaged in talks to lower import tariffs on select US products, increase market access for US farm products and increase US energy purchases, while seeking to initiate a trade deal by the fall of 2025. Across APAC, developing countries like India, Vietnam and Thailand have among the widest rate differentials relative to the US, Moody's said. It said electronics, motor vehicles, food and textiles are the most exposed sectors. In addition to the hit from lower export demand, a key risk facing emerging economies in the region is that those aiming to nurture an export-led growth model similar to Chi

Amid US tariff threats, rupee falls 47 paise to end at 87.19 against dollar

The rupee fell sharply by 51 paise to settle at 87.23 (provisional) against the US dollar on Tuesday due to month-end dollar demand by importers amid uncertainty over US trade tariffs. Elevated greenback against major crosses and sustained FII outflows also contributed to the decline in the domestic unit, forex traders said. At the interbank foreign exchange, the rupee opened weak at 86.83 and kept losing ground through the day before settling at 87.23 (provisional), 51 paise lower than its previous close. The local unit had settled at 86.72 on Monday. "The rupee fell sharply against the US dollar amid uncertainty over US trade tariffs and demand from importers towards the end of the month. Covering of short positions due to the expiry of the futures contract, too, weighed on the rupee. "We expect the rupee to trade negative on the back of overall weakness in the domestic markets and persistent FII outflows. Any recovery in the US dollar may also weigh on the rupee. However, any .

India should propose 'zero for zero' tariff strategy to US, says GTRI

Says negotiating a trade agreement could be trickier and force India to make 'difficult concessions'

India must push 'zero for zero' strategy to address US tariffs threat: GTRI

India should propose a 'zero-for-zero' tariff strategy to the US for addressing America's proposed reciprocal tariff hikes, as it would be less harmful than negotiating a full bilateral trade agreement, economic think tank GTRI said in its report on Friday. Under this strategy, the Global Trade Research Initiative (GTRI) suggested the government identify tariff lines (or product categories) where India can eliminate import duties for American imports without harming domestic industries and agriculture. In lieu of that, the US should also remove duties on a similar number of goods. India can exclude most agriculture items from this list and to prepare it, India can refer to its Free Trade Agreement (FTA) tariff offers to Japan, Korea, and ASEAN as a starting point, it added. GTRI Founder Ajay Srivastava said this list should be discussed with the US before April, ahead of its reciprocal tariff announcement. It will be like doing a quick FTA in goods and if the US accepts, the ...

Equity markets' pain to worsen as economy, corporate profits slow

The slide was triggered by a sharp slowdown in profit growth in India's top companies

EU ready to discuss lower auto tariffs with US, says bloc's trade chief

The EU commissioner said the bloc will do its "utmost" to avoid an escalatory tariff clash