Page 24 - Us Tariffs

US tariffs' scare push rupee to record low, RBI steps in to cap losses

Trump said he will introduce new 25 per cent tariffs on steel and aluminium imports into the US

Mexican border cities in limbo as tariff threats raise recession fears

As soon as the sun glints over miles of border fence dividing the United States and Mexico, the engines of cargo trucks packed with auto and computer parts roar to life along border bridges and bleary-eyed workers file into factories to assemble a multitude of products geared toward the US market. For more than half a century, this daily rhythm has helped fuel the heartbeat of a transnational machine that generated more than $800 billion in trade between the US and Mexico in 2024 alone. Over the past year, however, President Donald Trump's threatened 25% tariffs against Mexico and Canada have plunged manufacturing hubs all along the northern Mexican border into limbo, a state that persists despite a one-month reprieve to which Trump agreed on Monday. Tariffs would cripple Mexican border economies that are reliant on factories churning out products for the US auto parts, medical supplies, computer components, myriad electronics and likely thrust the country into a recession, econom

Mexico deploys first of 10K National Guard to US border after tariff threat

A line of Mexican National Guard and Army trucks rumbled along the border separating Ciudad Jurez and El Paso, Texas Wednesday, among the first of 10,000 officers Mexico has sent to its northern frontier following tariff threats by President Donald Trump. Masked and armed National Guard members picked through brush running along the border barrier on the outskirts of Ciudad Jurez, pulling out makeshift ladders and ropes tucked away in the trenches, and pulling them onto trucks. Patrols were also seen on other parts of the border near Tijuana. It comes after a turbulent week along the border after Trump announced he would delay imposing crippling tariffs on Mexico for at least a month. In exchange, Mexican President Claudia Sheinbaum promised she would send the country's National Guard to reinforce the border and crack down on fentanyl smuggling. Trump has declared an emergency on the border despite migration levels and fentanyl overdoses significantly dipping over the part year. The

World inflation at risk of rekindling with Donald Trump's trade war

In the US, a resilient labor market is keeping the Federal Reserve on alert as Trump's policies and threats drive bond yields higher

US postal service suspends incoming packages from China, Hong Kong

The Trump administration imposed an additional 10 per cent tariff on Chinese goods that came into effect on Tuesday

Trump's potential tariffs will only add to the pain for hard-hit Nissan

The US is the top market by vehicle sales for Nissan and bigger rivals Toyota and Honda

US President Donald Trump holds talks with Canadian PM Justin Trudeau

Tariffs imposed by Trump on Canada are set to take effect tomorrow

Taiwan to support companies in relocating to US following Trump tariffs

Taiwan, whose companies are key producers of tech products like semiconductors and electronics parts, is vulnerable given that many have factories in both Mexico and China

Mexico, Canada race to prevent Trump's 25% tariffs before deadline

With the clock ticking, officials were busy making their cases that they've done enough to control the border and limit fentanyl traffic to persuade the US president to stand down

Gold prices hit record high as Trump tariff concerns drive demand

Gold is considered a safe investment during geopolitical turmoil and thrives in a low interest rate environment

US tariff worries may push rupee to all-time low before upcoming budget

Trump is planning to impose tariffs on Canada and Mexico on Saturday and is considering fresh tariffs on China

Asian stocks ease; dollar, gold firms amid lingering tariff fears

With markets in mainland China, Hong Kong and Taiwan still closed for the Lunar New Year, the return of South Korea grabbed the spotlight in Asia

Donald Trump barrels toward tariff showdown with Canada, Mexico, and China

Whatever Trump decides sets the stage for a separate review aimed at China, as well as Canada and Mexico, that could tee up even more tariffs as soon as April

Trump pledges tariffs 'much bigger' than 2.5% and on crucial sectors

Remember, again, the word 'tariff.' We're going to protect our people and our businesses, and we're going to protect our country, with tariffs, Trump added

Trump tells businesses to manufacture in US or face higher tariffs

US President Donald Trump on Thursday addressed the World Economic Forum where he offered business leaders low taxes if they manufacture their products in the US, while threatening them with tariffs if they don't. Addressing the forum's Annual Meeting here through video conferencing, Trump also said he is going to ask Saudi Arabia and OPEC to bring down oil prices and asserted that if prices come down Russia-Ukraine war will end immediately. Throughout the world, food prices went through the roof and I've taken immediate actions to control inflation in America, he said. "United States has the largest amount of oil and gas in the world and I'm going to use it," he said. "I promise to eliminate 10 old regulations for every new regulation... I am going to pass the largest tax cuts in the American history to help our people," he said. At the same time, if a business doesn't manufacture its products in America, there would be tariffs to pay, he warned. Many companies globally have alr

Centre mulls lower duties, more imports to counter Trump's tariff threats

It could also reduce some import tariffs, with officials drawing up a list of likely products, such as bourbon whiskey and farm goods like pecan nuts, they said

Dollar drifts near 2-year high as rate-cut bets fade, eyes on tariffs

The threat of tariffs along with the Federal Reserve's stated measured approach to rate cuts this year have lifted Treasury yields and the dollar

Canadian ambassador warns of 'tit-for-tat' retaliation to US tariffs

Trump has threatened 25 per cent tariffs on all products from Canada and Mexico unless they address his complaints on border security

Canada has counter-tariffs ready if Trump launches trade war, says Trudeau

Trudeau, who said Jan 6 he'll resign as prime minister and Liberal Party leader, will remain in the country's highest political office until members of his party choose his successor on March 9

Trudeau criticises Trump's proposed US tariffs on Canadian products

Trump says he will impose 25 per cent tariffs on all Canadian imports unless Ottawa boosts border security