Trade Policy News - Latest Updates & Headlines
China now faces up to 245% tariffs from US: White House
Washington DC, April 16: China's retaliatory actions have resulted in up to a 245 per cent tariff on imports to the United States, according to a fact sheet released by the White House. Prior to the latest revision, a 145 per cent tariff was being levied on Chinese exports to the United States.
US 125% tariff on China could fuel India's exports by small firms made products: GTRI
New Delhi, April 16: The US crackdown, which has imposed 125 per cent import tariffs on China, has unexpectedly created a rare opportunity for India's small manufacturers, offering them a short-term export window, said the Global Trade Research Initiative (GTRI) on Wednesday.
Only Trump has vision, courage to say enough is enough: US State Department on tariffs
Washington, DC, April 16: US President Donald Trump's actions on tariffs have illustrated to the country's enemies and allies that the US should not be taken for granted, US State Department spokesperson Tammy Bruce said on Tuesday (local time). Bruce said that only Trump has the vision and courage to say enough is enough, and the US has the great benefit of having the "world's best dealmaker" as President.
Ball is in China's court: WH Press Secretary Leavitt on tariff war
Washington DC, April 16: White House Press Secretary Karoline Leavitt responded to questions on China during the White House Press Briefing on Tuesday (US Local time) and shared with members of media, Donald Trump's additional statement on China.
Indian stock markets end higher on global cues, US tech tariff relief boosts sentiment
Mumbai, April 15: Indian stock markets on Tuesday ended on a strong note, driven by favourable global cues, particularly after the United States announced tariff exemptions for select technology products, boosting investor sentiment.
Indian stock market cheers US tariffs relief; Sensex jumps 1,578 points
Mumbai, April 15: Indian stock markets saw a strong rally on Tuesday as benchmark indices surged over the 90-day reciprocal tariffs relief by the US administration, amid similar relief likely for the automotive sector.
S. Korean auto exports up in March, shipments to US down 10 pc
Seoul, April 15: South Korea's car exports inched up from a year earlier in March, driven by rising demand from Asian nations while shipments to the United States dropped sharply ahead of the start of US tariffs on auto imports, data showed on Tuesday.
Sensex jumped 1600 points Nifty up by 500 points seeing Trump's reversal as a ray of hope
Mumbai, April 15: Indian stock markets opened on a strong note on Tuesday, taking cues from global optimism and hopes of easing trade tensions.
Reciprocal tariffs should exclude vulnerable developing countries: UN trade body
Geneva, April 15: In a new report released on April 14, UN Trade and Development (UNCTAD) is amping up calls that the poorest and most vulnerable economies be exempt from "reciprocal tariffs."
Edible oil industry body flags trade distortions from surge in imports from Nepal under SAFTA
Lucknow, April 14: The Indian Vegetable Oil Producers' Association (IVPA), an industry body representing India's edible oil refining industry, has submitted a formal representation to the central government departments, highlighting their concerns around the surge in duty-free edible oil imports from Nepal under the South Asian Free Trade Area (SAFTA) framework.
Seoul shares rise nearly 1 pc on eased tariff woes; won sharply higher
Seoul, April 14: South Korean stocks ended nearly 1 per cent higher on Monday, led by gains of semiconductor and battery shares amid eased woes over the US administration's sweeping tariffs. The Korean won soared to a four-month high against the US dollar.
Smartphone makers remain cautious over unpredictable US tariff policies
Seoul, April 14: South Korean smartphone and personal computer makers are staying cautious as unpredictable US tariff policies increase uncertainty around their future production strategies.
Separate tariffs coming on smartphones, chips imports: US Commerce Secretary
Washington, April 13: A day after the US exempted electronics imports, including semiconductors, from reciprocal tariffs, Commerce Secretary Howard Lutnick said on Sunday the country is set to launch "separate tariffs" for imports of smartphones, computers, semiconductors, and other components in the next one to two months.
US tariff impact on India's GDP just 0.1%, says PHDCCI
New Delhi, April 13: Industry body PHDCCI on Sunday said that the reciprocal tariffs imposed by US President Donald Trump will impact only 0.1 per cent of the Indian GDP, exuding confidence in price competitiveness and continued government support.
Trump's former vice president calls abuse of tariffs 'misstep'
Washington, April 13: Former US Vice President Mike Pence has voiced concern over the White House's imposing tariffs on foreign countries and specific industries, calling it a "misstep."
US exempts smartphones, computers from latest tariffs
Washington/New Delhi, April 12: In a cheer for the global electronics industry, including in India, the US government on Saturday announced to exempt smartphones and computers imported to the country from the latest tariffs.
It will be challenge to pharma industry: Wockhardt's Huzaifa Khorakiwala on impact of US tariffs
Dubai, April 12: Dr Huzaifa Khorakiwala, Executive Director of Wockhardt Limited, on Saturday said that imposition of US reciprocal tariffs, if extended on the Indian pharmaceutical products, will pose a significant challenge on the industry.
India has assessed Trump's objective on tariffs, attempting to address those concerns: Ashley Tellis at Global Tech Summit
New Delhi, April 12: Noting that India has correctly assessed US President Donald Trump's objective of imposing tariffs and is attempting to address those concerns, a top geopolitics expert said on Saturday that New Delhi is willing to drastically reduce tariffs in the hope that there will be some reciprocal benefits.
EU has tools to respond to trade war, preparing toolbox for several months: Carnegie Europe Director Rosa Balfour
New Delhi, April 12: Carnegie Europe Director Rosa Balfour said that the European Union has the tools to respond to the trade war and has been preparing the tool box for several months. She said that Europe could reach out to other nations if there was a trade war between the US and China.
Indian stock markets wrap up week on strong note as tariff fears ease
Mumbai, April 12: The Indian stock markets wrapped up the week on a strong note, gaining nearly 2 per cent, as the US decision to defer tariffs for all countries except China eased recession concerns, boosting sentiment and lifting fears of a global slowdown, experts said on Saturday.
Not too much investment from China, effort is to integrate with economies of developed world: Piyush Goyal
New Delhi, April 11: Noting that not too much Chinese investment has come to India nor is the government encouraging any significant investment coming the northern neighbour, Commerce and Industry Minister Piyush Goyal on Friday said that the effort is to integrate "our economies with the developed world, who believe in fair play and where we get an equal opportunity to do business and invest".
Jaishankar says US tariffs prompted India to seek out complementary partners in West
New Delhi, April 11: Amid the tariffs imposed by the Donald Trump administration on countries across the world including India, External Affairs Minister S Jaishankar on Friday said that the US has fundamentally changed its approach to engaging with the world and that this shift has prompted India to seek out more complementary partners, which are the open market economies in the West.
Centre sets up Global Tariff and Trade Helpdesk to assist exporters, importers
New Delhi, April 11: The Centre has operationalised a dedicated ‘Global Tariff and Trade Helpdesk’ to assist the country’s exporters and importers in navigating emerging trade issues due to the hike in tariffs announced by the US.
Suppliers scramble to respond to looming US auto parts tariffs
Seoul, April 11: South Korean auto parts suppliers are scrambling to respond to new US tariffs on imported vehicles and automotive parts, industry insiders said on Friday, arguing the tariffs not only pose a serious challenge to automakers, including local industry leader Hyundai Motor Group, but also threaten to disrupt the broader industry supply chain.
Trump acknowledges 'transition problems' with tariff plans as US markets tumble
Washington DC, April 11: Amid the tumbling stock market in the US, following the White House clarification of tariffs on China to be at least 145 per cent and an earlier announcement of a 90-day pause on tariffs for over 75 countries, US President Donald Trump addressed the challenges associated with his tariff policy, stating that there would be "transition problems".
EU halts countermeasures against US tariffs for 90 days
Brussels, April 10: European Commission President Ursula von der Leyen on Thursday stated that the EU will pause its countermeasures against the US tariffs for 90 days to give "negotiations a chance."
EU President Von der Leyen backs Trump's tariff pause amid US-China trade clash
Brussels, April 10: European Commission President Ursula von der Leyen has welcomed US President Donald Trump's announcement to pause reciprocal tariffs for dozens of countries, calling it a necessary move to help stabilise the global economy amid intensifying trade tensions between the United States and China.
90-day US tariff relief will lead to more sustainable trade pacts: Experts
New Delhi, April 10: The temporary relief on the US reciprocal tariffs front gives businesses and India vital space to stabilise supply chains and adapt operations, while also providing policymakers an opportunity to work toward more sustainable trade agreements, industry experts said on Thursday.
Seoul shares sharply on US reciprocal tariff pause; Korean won spikes
Seoul, April 10: South Korean stocks were trading sharply higher on Thursday as the US administration's temporary pause of reciprocal tariffs on South Korea improved market sentiment. The Korean won was trading sharply higher against the US dollar.
India should avoid FTA with US, should go for limited Zero-to-Zero tariff deal, suggests GTRI
New Delhi, April 10: As Donald Trump announced pause on tariffs for 90 days for trade negotiations, India should avoid signing a comprehensive Free Trade Agreement (FTA) with the United States, as it may require India to make harmful trade-offs, suggested Global Trade Research Initiative (GTRI).
Trump lowers levies on countries like India for not retaliating (Ld)
Washington, April 10: US President Donald Trump on Wednesday announced a lower rate of 10 per cent for 90 days in reciprocal tariffs for trading partner countries that have not retaliated with higher levies on American goods — such as India — and further hiked the levy on China to 125 per cent for hitting back.
Trump pauses tariffs on countries like India that did not hit back
Washington, April 10: US President Donald Trump on Wednesday announced a 90-day pause in reciprocal tariffs for trading partner countries that have not retaliated with higher levies on American goods — such as India — and further hiked the levy on China to 125 per cent for hitting back.
Asian markets rallied after Trump announce 90-day pause on tariffs, Indian markets closed for Mahavir Jayanti
New Delhi, April 10: Asian stock markets surged on Thursday after US President Donald Trump announced a 90-day pause on tariffs for 75 countries, including India. This decision brought some relief to global investors amid rising trade tensions.
It's about bad actors: US Treasury Secy on tariffs hike on China, says India 'front' in trade negotiations
Washington DC, April 10: US Secretary of the Treasury Scott Bessent on Wednesday (local time) addressed the immediate increase in tariffs of 125 per cent on China, stating that the issue is not just about the country but also about "bad actors" in global trade during a press briefing at the White House.
No end in sight to Dhaka's growing rhetoric, India ends trans-shipment facility for Bangladesh
New Delhi, April 9: Citing "significant congestion" at its airports and ports, India on Tuesday said that it has terminated a trans-shipment facility available to Bangladesh that allowed Dhaka to export cargo to third countries using Indian customs stations.
Will announce a major tariff on Pharma shortly, says US President Donald Trump
Washington DC, April 9: US President Donald Trump continues to be belligerent on his policy of reciprocal Tariffs despite strong opposition both within the US and outside. On Tuesday night (local time), the US President announced that Tariffs on the Pharma sector were coming soon. The sector has so far been exempt from the Tariffs.
Trump's 'reciprocal' tariffs on South Korea, other countries, take effect
Washington, April 9: The United States' reciprocal tariffs, including 25 per cent duties for South Korea, went into effect on Wednesday, as America's trading partners are seeking to negotiate a deal to reduce tariff rates and minimise the potential impact of President Donald Trump's trade policy on their economies.
Prez Trump warns reprieve for pharmaceuticals, major Indian export, to end 'shortly'
New York, April 9: US President Donald Trump has warned that the reprieve for pharmaceuticals – a major Indian export – from his repressive retaliatory tariffs would end soon.
Brazilian president says US trade policy 'won't work,' accuses Trump of trying to dictate global rules
Sao Paulo, April 9: Brazilian President Luiz Inacio Lula da Silva criticised the new tariff regime of the United States, saying Washington's attempt to reshape global trade under US President Donald Trump "won't work" and violates the principles of multilateralism.
Trump's reciprocal tariffs take effect undeterred by negotiations
Washington, April 9: US President Donald Trump's sweeping reciprocal tariffs go into effect Tuesday at midnight US Eastern time (9:30 am IST) unaffected by negotiations underway between the US and the affected trading partner countries, with the heaviest levy of 104 per cent on goods from China.