Page 9 - Us Tariffs

Modi, Putin to meet in Tianjin amid US pressure on India's Russian oil buys

Amid US tariffs over Russian oil imports, Prime Minister Modi will meet President Putin in Tianjin after the SCO summit, with energy and trade balance key issues on the agenda

PM Modi and Xi Jinping vow to stabilise world trade, boost investment ties

Achieving 'dragon-elephant dance' the right choice: China Prez

Govt plans policy changes to boost domestic demand for SEZ manufacturers

Govt plans SEZ reforms to offset US tariff hit, enabling duty relief on domestic sales and support for labour-intensive exporters

Faltering ties with US drive deeper bilateral ties between India, Japan

Modi's Tokyo visit boosts India-Japan ties with 21 pacts, $67 bn investment push, and deeper cooperation amid US trade tensions and Indo-Pacific challenges

Among the challenges ahead for India, trade is the biggest risk to growth

Nearly all segments of the economy supported growth in the first quarter

Heading into China's corner will dilute India's democratic dividend

With American President Donald Trump's tantrums, some in India are ready to rethink the China relationship

Piyush Goyal slams India Inc, says needs to step out of 'cosy comfort zone'

The commerce minister said Indian industry sees the large domestic market as a comfortable profit zone, and that it needed to re-evaluate its efforts at value addition

Economy spurts 7.8% in Q1 FY26 as manufacturing, agri, services shine

India's GDP grew 7.8% in Q1 FY26, a five-quarter high led by manufacturing and services, though US tariffs pose risks to sustaining growth momentum

Rupee tumbles past 88 against dollar to fresh low on US tariff hit

The rupee slumped to an all-time closing low against the dollar, pressured by US tariffs, equity outflows, and weak Asian peers

Stock market declines for 2nd month as US tariffs weigh on sentiment

Sensex and Nifty fell for a second month as US tariffs hit sentiment, though GST reform hopes and rating upgrade cushioned the slide

'Cost of backing Putin': Senator Graham warns India on Russian oil import

India has come under increased scrutiny from Washington over its oil trade with Russia. The US, led by President Donald Trump, has imposed punitive tariffs of 50 per cent on Indian imports

Tariff fix key to India-US trade deal negotiations, govt remains hopeful

Multi-pronged strategy in the works to help exporters

Textiles seek more incentives as govt extends duty-free cotton imports

Tamil Nadu urges higher export incentives and faster EU trade deal as duty-free cotton imports extended till Dec 31, while farmers complain of falling domestic cotton prices due to cheap US supplies

Nvidia CEO says AI boom far from over after tepid sales forecast

The founder and CEO's bullish outlook contrasts with recent signs of fatigue in AI-focused stocks and comments from industry leaders about overheated investor enthusiasm

US tariff hike to hit livelihood of 1.5 mn people in Odisha fishing sector

The new tariff imposed by US President Donald Trump on Indian exports will affect the livelihood of at least 15 lakh people engaged in the fishing sector, seafood exporters' association said on Thursday. Claiming that the seafood exports to the US would halt as the Indian businessmen could not compete in the American market, as traders from Vietnam and other Asian countries are taxed at a lower rate there, said Tara Ranjan Patnaik, a member of the Seafood Exporters' Association of India. Patnaik, who is also chairman of Odisha-based Falcon Marine Exports, a leading frozen shrimp exporter, told PTI: We have already reduced production and collection of seafood, which were meant for exports to the US. The impact has already been felt in the coastal states like Odisha. It will affect the livelihood of at least 15 lakh people engaged in the fishing sector." The additional 25 per cent tariff imposed by Trump on India for the country's purchases of Russian oil came into effect on Wednesday

AP commerce body urges Centre to protect shrimp sector from US tariffs

Andhra Pradesh Chambers of Commerce and Industry Federation on Thursday appealed to the Centre to protect shrimp farmers and exporters with policy and financial interventions in the face of 50 percent tariffs and other taxes slapped by the US on Indian imports. The president of the chambers, P Bhaskar Rao, said the sudden spike in US tariffs has put the livelihood of 2.8 crore people who engage in aquaculture and allied sectors at risk. "Unless urgent policy and financial interventions are made, India risks losing global competitiveness in seafood exports. We strongly urge the Union government to act swiftly in coordination with the state governments to safeguard this vital sector," said Rao in a press release. According to the chambers, India is the second largest seafood exporter globally, accounting for exports worth Rs 60,524 crore or USD 7.3 billion in FY24, while the US alone imported 25 percent of this quantum. Shrimp contributes over 40 percent of the total export quantity

We're creating a system for shipbuilding in India, says Sarbananda Sonowal

First phase [of Vadhavan port] is expected to be completed by 2029 and second by 2037, says Sonowal

US tariffs may cut India growth by 0.5%: Ex-commerce secretary G K Pillai

A steep 50 per cent tariff imposed by the US on shipments from India would have a very small impact on India's economic growth of about 50 basis points if exporters are unable to find alternative markets, former Commerce and Home Secretary G K Pillai said on Thursday. Terming the steep tariff imposed on India as discriminatory, he said others like China and many European nations also import energy from Russia, but the US has not imposed a penalty against them. "Impact of the US tariffs on India would be very small, say about 0.5 per cent, but it is going to affect labour-intensive sectors like textiles, gems and jewellery, seafood exports, chemicals, and so on," he said at an event here. "At least for 3-6 months, the profitability of Indian companies will come down. Some companies will be forced to lay off workers but I am sure that the government will take steps to see that this is mitigated," he said. The government needs to take some steps to help exporters and industries to tid

Welspun Living, Alok Ind: Textile stocks slip up to 4% on US tariff jitters

Textile stocks traded largely negative, falling up to 4 per cent, after 50 per cent tariffs levied by the US on Indian goods came into effect from August 27, 2025

Chips, AI, rare earth minerals: PM Narendra Modi to court Japan Inc

PM Modi's two-day Japan visit will focus on 'Make in India' pitch, trade, technology, and strengthening the India-Japan strategic partnership