Latest Updates on Trump tariffs

Sensex Today | Stock Market LIVE Updates: Sensex down 300 pts at 76,300; Nifty at 23,250; IT down 3%

Sensex Today | Stock Market LIVE Updates: The broader markets are lower, with the Nifty Midcap 100 losing 0.69 per cent, and the Nifty Smallcap 100 dragging 0.20 per cent

Hopeful of India-US trade talks to mitigate Trump tariff impact: ACMA

Automotive Component Manufacturers Association of India on Thursday said it is hopeful that the ongoing bilateral trade talks between India and the US will help mitigate the impacts of President Donald Trump's tariff orders and lead to a balanced resolution that benefits both economies. Reacting to Trump's announcement of tariffs on Wednesday as part of the 'Liberation Day' initiative, Automotive Component Manufacturers Association of India (ACMA) President and Chairperson and Managing Director (CMD) Subros Ltd Shradha Suri Marwah said autos and auto parts and steel and aluminium articles, already subject to Section 232 tariffs at 25 per cent, announced earlier in Trump's order on March 26, 2025, are not covered in the latest order. "The detailed list of auto components that will be subject to 25 per cent import tariff in the US is, however, awaited," she said. Marwah said ACMA understands the intent of the US administration to boost domestic manufacturing and address trade ...

Will the 'de minimis' exemption impact India's ecommerce industry?

The de minimis system allows products valued under $800 to enter the US without duties and with minimal inspection

Let America pay for tariffs for a while, says Deepak Shenoy of Capitalmind

Reciprocal tariffs, announced by US President Donald Trump, might have a long-term, negative impact on the global economy, warned Deepak Shenoy, founder and CEO of CapitalMind over an 'X' post.

Indian-American lawmakers criticise Trump's tariffs, call them 'reckless'

Indian-American members of the US Congress and the diaspora community criticised the reciprocal tariffs imposed by President Donald Trump, calling them "reckless and self-destructive, urging leaders in both countries to engage in dialogue to address these challenges. On Wednesday, Trump imposed a 26 per cent discounted reciprocal tariff on India. While making the announcement, he said "India charges us 52 per cent so we will charge them half of that - 26 per cent." President Trump, in a historic measure to counter higher duties on American products imposed globally, announced reciprocal tariffs on about 60 countries. The lawmakers also said that Trump's tariffs will likely make Indian goods less competitive. Congressman Raja Krishnamoorthi said Trump's blanket tariffs are a tax on working families so that he can cut taxes for the wealthiest Americans. These latest so-called 'Liberation Day' tariffs are reckless and self-destructive, inflicting financial pain on Illinois at a time

Trump's tariff shock: 10 takeaways on trade impact, exemptions, retaliation

US imposes sweeping import tariffs; China faces 54%, India 26%, EU 20%; exemptions for Canada, Mexico; markets brace for impact as global trade tensions escalate

India's farm exports may sustain or grow despite Trump tariffs: Economist

India could maintain or even expand its agricultural exports to the United States despite the new tariffs announced by President Donald Trump, as the competing nations face even steeper duties, prominent agricultural economist Ashok Gulati said on Thursday. The 26 per cent "discounted reciprocal tariff" on Indian goods imposed by Trump would have limited impact on key agricultural exports such as seafood and rice when compared to higher duties imposed on the regional competitors, according to Gulati, former chairman of the Commission for Agricultural Costs and Prices (CACP). "We should not look at the tariff increase in absolute terms, but see relative tariff increases with our competitors," Gulati told PTI. He noted that while India faces 26 per cent tariffs, China faces 34 per cent, creating an 8 per cent differential advantage for the Indian exporters. Other competitors face even steeper barriers, with Vietnam at 46 per cent, Bangladesh 37 per cent, Thailand 36 per cent, and ...

Indian Rupee opens at 85.73/$; Slips 22 paise amid tariff concerns

The Trump administration slapped a 26 per cent tariff on imports from India

Donald Trump's tariff shocker can be India's chance at trade reform

For 600 million workers and 1.4 billion consumers, Trump's trade war is a wake-up call to revive the three-decade-old liberalisation project

Tariffs raise recession risks in US, put Fed in tight spot: VK Vijayakumar

Trump Tariff News: The short-term impact on the market will be negative. The probability of US recession by end 2025 has increased

Analysts favour India stocks in Asia post-tariffs despite near term worries

Describing India's tariffs as "very, very tough," Trump stated that the 26% tariff was half of what India imposes on US products

Indian pharma industry welcomes US move to exempt drugs from tariff

The Indian Pharmaceutical Alliance (IPA) has welcomed the US administration's decision to exempt pharmaceuticals from the newly announced tariffs

US tariffs to impact Indian exporters but nation better placed: FIEO

India's apex exporters' body, FIEO, stated on Thursday that the 26 per cent tariffs or import duties announced by US President Donald Trump on India will undoubtedly affect domestic players. However, India is much better placed than many other countries, said Ajay Sahai, Director General and CEO of the Federation of Indian Export Organisations (FIEO). He expressed hope that the proposed bilateral trade agreement (BTA), currently being negotiated between the two countries, would be concluded at the earliest, as it would provide relief from these reciprocal tariffs. We have to assess the impact, but looking at the reciprocal tariffs imposed on other countries, we are in a lower band. We are much better placed compared to our key competitors such as Vietnam, China, Indonesia, Myanmar, etc. We will definitely be affected by the tariffs, but we are much better placed than many others, Sahai told PTI. The US President highlighted the high tariffs charged by India on American products as

Trump's auto tariffs to cover billions of dollars in vehicle, parts imports

The update of Trump's auto tariff proclamation from last week included nearly 150 auto parts categories that will face tariffs starting on May 3

Trump's tariff gives Indian textile exporters an edge over competitors

Vietnam, Bangladesh and China hit with higher tariffs, according to US President

Senate rebukes Trump's Canada tariffs as some Republicans vote to block it

The Senate passed a resolution Wednesday night that would thwart President Donald Trump's ability to impose tariffs on Canada, delivering him a rare rebuke just hours after the president unveiled sweeping plans to clamp down on international trade. The Senate resolution, passed by a 51-48 vote tally, would end Trump's emergency declaration on fentanyl that underpins tariffs on Canada. Trump earlier Wednesday announced orders -- his so-called Liberation Day -- to impose import taxes on a slew of international trading partners, though Canadian imports for now were spared from new taxes. The Senate's legislation ultimately has little chance of passing the Republican-controlled House and being signed by Trump, but it showed the limits of Republican support for Trump's vision of remaking the U.S. economy by restricting free trade. Many economists are warning that the plan could cause an economic contraction, and GOP senators are already watching with unease as Trump upends the United ...

Explained: How will Donald Trump's reciprocal tariffs impact India?

Trump Tariffs on India: India Prime Minister Narendra Modi is a great friend, but India has not been treating us right. India charges us 52%, so we will charge them half of that - 26%, Trump said