Tariffs News - Latest Updates & Headlines
Indian stock markets open higher after bloodbath, Nifty above 22,500 points
Mumbai, April 8: Indian stock indices opened higher Tuesday after a bloodbath on Monday.
Amid Trump Tariffs, US Trade Representative highlights need to secure market access for US fuel ethanol in India, Thailand
Washington DC, April 8: With tariffs imposed by US President Donald Trump beginning to kick in, the United States Trade Representative has spotlighted 10 trade practices faced by American exporters they deemed "unfair", including India's ban on US ethanol imports.
China decries US tariffs, calls them unilateral bullying practice, says it will fight till the end
Beijing, April 8: China decried the US tariffs imposed on the country to be "groundless" and called them a unilateral bullying practice, a spokesperson for China's Ministry of Commerce said on Tuesday (local time).
US tariffs: India's tech hardware sector likely to gain over China, Vietnam
New Delhi, April 8: With China facing a 34 per cent US tariff and Vietnam 46 per cent, India's relatively lower tariff of 27 per cent may shift supply chain dynamics, helping the domestic tech hardware sector grow further, according to a new report.
Trump threatens China with 50 per cent additional tariff, doubling total levies beyond product value
New York, April 8: President Donald Trump has threatened China with an additional 50 per cent tariff that would take the total levies to more than the value of products while doubling down on the global reciprocal tariffs.
Trump, Netanyahu discuss Gaza hostages, tariffs at White House
Washington, April 8: US President Donald Trump and Israeli Prime Minister Benjamin Netanyahu met at the White House, focusing on the Gaza hostage crisis and US tariffs on Israeli goods.
British PM pledges support for auto industry, warning profound economic fallout from US tariffs
London, April 8: British Prime Minister Keir Starmer warned that newly imposed US tariffs on UK goods pose a serious threat to both the global economy and Britain's industrial base. He pledged urgent support for the domestic automotive sector in response to what he described as a changing world marked by "global instability."
Confident that India's gain is in it: Union Minister Piyush Goyal on US tariff announcements
Mumbai, April 8: Union Minister for Commerce and Industry Piyush Goyal on Monday expressed confidence that India's industries will benefit from the recent tariff announcements made by US President Donald Trump amid the turmoil in global markets following its recent announcement.
We're not looking at that: US President Trump rules out pause on tariffs during negotiations
Washington DC, April 8: Amid the turmoil in the global markets following the tariff announcements made by the US, President Donald Trump has ruled out the possibility of a "pause" on the tariffs on countries during negotiations.
US Secretary Rubio discusses reciprocal tariffs, Indo-Pacific ties with EAM Jaishankar
Washington DC, April 8: US Secretary of State Marco Rubio on Monday (local time) held a discussion with External Affairs Minister (EAM) S Jaishankar, focused on US reciprocal tariffs on India, as per a statement from the Spokesperson of the US State Department, Tammy Bruce.
JPMorgan CEO Jamie Dimon sounds alarm over Trump's tariff policy
New York, April 8: JPMorgan CEO Jamie Dimon has issued a stark warning about the risks posed by US President Donald Trump's tariff strategy, cautioning that the escalating trade measures could fuel inflation, slow global growth, and damage America's strategic standing, CNN reported.
Trump threatens additional 50 pc tariffs on China amid escalating trade tensions
Washington, DC, April 7: US President Donald Trump on Sunday warned of new and significantly higher tariffs on Chinese goods if Beijing does not withdraw a recent 34 per cent retaliatory tariff hike, threatening to end all ongoing talks with China.
White House denies Trump mulling 90-day tariff pause, terms it fake news
Washington DC, April 7: The White House on Monday dismissed as "fake news" reports that US President Donald Trump is considering a 90-day pause on tariffs.
EU offers 'zero-for-zero tariffs' for industrial goods to US
Brussels, April 7: European Union President Ursula von der Leyen on Monday said that the EU has offered the US zero-for-zero tariffs for industrial goods.
Shashi Tharoor shares concerns over US tariffs ahead of Congress meet, says Situation is negative
Ahmedabad, April 7: Shashi Tharoor on Monday expressed concerns over the impact of US tariffs on India's economy and emphasised the need for effective bilateral trade agreements, and called the situation "quite negative."
Don't be weak, don't be stupid, don't be a PANICAN...: Trump to people minutes before US markets opened
Washington DC, April 7: With stock markets globally taking a plunge due to his tariff decisions and the US stocks also feeling the impact, US President Donald Trump on Monday urged people not to be "weak, stupid" and said they should be "courageous and patient" and the result "will be greatness".
India poised to convert current market fluctuations into an opportunity: Piyush Goyal
New Delhi, April 7: Union Commerce and Industry Minister Piyush Goyal said on Monday that India is well poised to convert the current market fluctuations into an opportunity, against the backdrop of the reciprocal tariffs imposed by the US.
US tariff hikes destabilise global economy: Kremlin
Moscow, April 7: The Kremlin spokesperson Dmitry Peskov criticised the United States on Monday for its sweeping tariff hikes, accusing it of undermining global economic stability.
White House denies 90-day tariff pause: Report
Washington, April 7: The White House on Monday pushed back on reports about US President Donald Trump considering a 90-day pause in the implementation of his sweeping reciprocal tariffs, according to a news report.
Japan's PM speaks with US President by phone over tariffs
Tokyo, April 7: Japanese Prime Minister Shigeru Ishiba spoke with US President Donald Trump on the telephone on Monday night to discuss new US tariffs, local media reported.
Muhammad Yunus urges US President Donald Trump to postpone tariff measures on Bangladesh
Dhaka, April 7: Bangladesh Chief Adviser Professor Muhammad Yunus has addressed a letter to US President Donald J Trump requesting him to postpone the application of US reciprocal tariff measures on Bangladesh for three months to allow the interim government to smoothly implement its initiative to substantially increase US exports to Bangladesh, the Chief Adviser's Press Wing said in a statement on Monday.
US stock indices drop sharply in line with sell-off in global markets
Washington DC, April 7: In keeping with the turmoil in global markets following President Donald Trump's tariff decisions, the US markets also witnessed a bloodbath as they opened on Monday morning.
US tariffs: Gold, crude oil prices tumble amid global uncertainty
New Delhi, April 7: The effect of the newly announced reciprocal tariffs by US President Donald Trump is now being felt in the global commodity markets, with sharp declines seen in the prices of key commodities like gold and crude oil.
Bangladesh's Yunus writes to Trump, requests three-month suspension of counter-tariffs
Dhaka, April 7: Muhammad Yunus, Chief Advisor of the interim government in Bangladesh, has written a letter to US President Donald Trump on Monday, requesting him to postpone the application of reciprocal tariff measures on the country's exports to the United States for three months.
US 'reciprocal tariffs' deprive Global South countries of right to development: China
Beijing, April 7: The unilateral imposition of "reciprocal tariffs" by the United States effectively deprives countries, particularly those in the Global South, of their right to development, and is certain to face widespread opposition from the international community, a Chinese Foreign Ministry spokesperson said on Monday.
Trump has blown lid off illusion...we have to build production-based economy: Rahul Gandhi
New Delhi, April 7: Amid the turmoil in stock markets and countries making adjustments because of US reciprocal tariffs, Congress leader Rahul Gandhi on Monday said that US President Donald Trump "has blown the lid off the illusion" and India has to build a resilient, production-based economy.
Indian markets follow global sell-off amid tariff jitters, Nifty closes above 22,100
Mumbai, April 7: The Indian stock markets went through a major sell-off on Monday amid global crash, with domestic benchmark indices falling sharply – registering their biggest one-day fall since June 4 last year when the Lok Sabha election results were announced.
US tariff shock sends Singapore's benchmark index to biggest drop since 2008, Tokyo stocks also plunge
Singapore, April 7: Market turmoil triggered by new US tariff measures continued to ripple through global equities on Monday, sending Singapore's Straits Times Index (STI) plunging 8.7 per cent at the open to 3,494.39 points.
Seoul shares nosedive over 5.5 pc on panic selling sparked by Trump tariffs
Seoul, April 7: South Korean stocks nosedived more than 5.5 percent on Monday, extending their losing streak to a fourth consecutive day, as investors panicked over an escalating global trade war triggered by US reciprocal tariffs. The Korean won fell by the most since the COVID-19 pandemic against the U.S. dollar.
Bloodbath in India stocks as Trump tariffs shake market sentiment; Sensex slumps over 2,200 points
New Delhi, April 7: Indian stocks witnessed a bloodbath as the new week kicked off, triggered by the Trump reciprocal tariffs. These tariffs have set off a sell-off in equities globally, and India was no exception.
Fundamentals of gold remain strong, no panic selling amidst US tariff: WGC
New Delhi, April 7: The fundamentals of gold as an asset class are "very strong" and they will continue to be "very strong" throughout the year, and the latest correction was on expected lines post the imposition of Trump's reciprocal tariffs, said Sachin Jain, Regional CEO India at World Gold Council (WGC).
China stocks on course for worst single-day crash since 2008 crisis
New Delhi, April 7: Chinese stocks nosedived sharply on Monday after Beijing slapped back at the US with retaliatory tariffs, sparking fears of a persistent trade war between two major economies.
India's telecom, agriculture most affected by US tariffs; telecom has competitive edge: Report
New Delhi, April 7: India's telecom and agriculture sectors are among the worst-affected sectors by the US President Donald Trump's tariffs, highlighted the data shared by a report of EY.
India's export in 2025 to US may decline by 6.41%, as a result of the Trump tariffs: GTRI
New Delhi, April 7: India could see a decline of USD 5.76 billion or 6.41 per cent in exports to the United States (US) because of the tariffs, in 2025, said a research report by the Global Trade Research Initiative (GTRI).
World is in reset mode for 1st time since World War II: Experts on US tariffs
Mumbai, April 7: Even as the Indian stock market witnessed a sharp fall on Monday, market watchers said that investors have to also keep an eye on the retaliatory measures by the European Union (EU) and other countries in response to the US reciprocal tariffs.
Experts advise investors to avoid impulsive decisions driven by short-term noise
New Delhi, April 7: Markets are reacting to US tariff-related concerns and global uncertainties, yet these periods of volatility have always tested — and ultimately rewarded — long-term conviction, market experts said on Monday.
Not going to lose a trillion dollars for the privilege of buying pencils from China, Trump takes a dig, justifies tariffs
Washington DC, April 7: US President Donald Trump made sharp remarks towards China as the US has implemented retaliatory tariffs with a goal of bridging the trade deficits with several countries. This has also impacted the stock markets.
Asian stock markets crash: China, Japan, Hong Kong and Taiwan markets top losers
New Delhi, April 7: Asian stock markets witnessed a major sell-off on Monday after US President Donald Trump announced a new round of tariffs. The markets opened with heavy selling pressure, reflecting growing fears over the impact of the tariffs on global trade and economic growth.
BOK warns of prolonged market volatility amid Trump tariff scheme
Seoul, April 7: The South Korean market could face heightened volatility for a longer-than-expected period due to the Donald Trump administration's sweeping tariff policy, the central bank said on Monday, calling for prompt implementation of market stabilisation measures when necessary.
They're dying to make deal: Trump stands firm on 'reciprocal tariffs'
Washington, April 7: As global stock markets plunged on Monday, US President Donald Trump defended his controversial tariff policies, dismissing concerns over the economic impact. He said that the world leaders are "dying to make a deal" to negotiate the reciprocal tariffs.