Trade Tariffs News - Latest Updates & Headlines
Sensex jumps over 1,300 points after Trump pauses tariffs till July 9
New Delhi, April 11: The Sensex witnessed a sharp rally of more than 1,300 points on Thursday after US President Donald Trump announced a 90-day pause on trade tariffs for most countries, including India.
Seoul shares end lower on escalating US-China tariff row
Seoul, April 11: South Korean stocks finished lower on Friday amid an intensifying trade conflict between the United States and China stemming from Washington's reciprocal tariff scheme. The Korean won rose against the US dollar.
Sensex, Nifty open higher after Trump pauses tariffs till July 9
Mumbai, April 11: Indian equity market opened in the green on Friday after US President Donald Trump announced to pause reciprocal tariffs on the country till July 9.
Trump says tariffs will be back on July 9 for no-deal countries; 26 pc for India
Washington, April 10: US President Donald Trump on Thursday said trading partner countries that are not able reach an agreement with the US by July 9, when the 90-day pause ends, goods coming to the US from there will be tariffed at the reciprocal rate announced originally.
Experts call for prudent, guarded approach to Trump's proposed 'package deal'
Seoul, April 10: South Korea should take a prudent and guarded approach in its negotiations with the Trump administration over his proposed "package deal" on tariffs and security issues, as it would be better not to hastily respond to such talks under Seoul's current acting leadership, experts said on Thursday.
People were getting 'yippy,' says Trump on tariff pause
Washington, April 10: US President Donald Trump announced that he has paused the implementation of most of his "reciprocal" tariffs because some people were getting "yippy" and "a little bit afraid."
Elon Musk unsuccesfully appealed to Trump to roll back tariffs, says US newspaper
Washington DC, April 8: Billionaire entrepreneur Elon Musk, who heads the US Department of Government Efficiency (DOGE), had appealed to American President Donald Trump to reconsider the retaliatory import tariffs, the Washington Post reported, citing sources.
Hardeep Puri confident India will come out stronger from US tariffs fallout
New Delhi, April 8: Union Minister Hardeep Puri on Tuesday said he was confident India will emerge stronger from the fallout of the US administration tariffs once the bilateral trade agreement between the two partner countries is finalised.
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."
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.
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.
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.
Netanyahu, Trump to meet at White House
Jerusalem, April 7: Israeli Prime Minister Benjamin Netanyahu is set to meet with US President Donald Trump on Monday at 1 p.m. local time (1700 GMT) at the White House, according to a statement from his office.
Massive financial deficits with China, EU can only be cured with tariffs: Donald Trump
Washington DC, April 7: US President Donald Trump defended his administration's implementation of reciprocal tariffs on various countries, underlining the financial deficits the US faces with nations like China and the European Union and argued that tariffs are the only solution to these trade imbalances.
Taiwan has no plans to take retaliatory actions against US tariff: President Lai
Taipei, April 7: Taiwan has no intention of retaliating against the 32 per cent tariff imposed by US President Donald Trump on Taiwanese goods, President Lai Ching-te said on Sunday, according to a report by Focus Taiwan.
India has upper hand given tariffs relatively lower than others: NSE MD-CEO
Katra, April 6: India has the upper hand amidst the reciprocal tariffs imposed by the Trump administration, said Ashishkumar Chauhan, Managing Director and CEO of National Stock Exchange, backing his argument, stating the duties slapped on India were less than others.
S. Korea set to inject $2 billion in emergency aid for tariff-hit car industry
Seoul, April 6: The South Korean government plans to inject 3 trillion won ($2 billion) in emergency aid into the local car industry to cushion the blow from new 25 percent US tariffs, officials said on Sunday.
Netanyahu to meet Trump at White House to discuss new tariffs imposed on Israel: media
Jerusalem, April 5: Israeli Prime Minister Benjamin Netanyahu is expected to meet with US President Donald Trump at the White House on Monday, Israel's state-owned Kan TV News reported on Saturday.
Reciprocal tariffs: Global economists warn of impending US recession
New Delhi, April 5: Global brokerages and economists have warned an impending US recession after factoring in the impact of reciprocal tariffs announced by the Donald Trump administration.
Russia, India developed immunity against negative external factors: Russian official on US tariffs
New Delhi, April 5: In response to the United States imposing a 26 per cent reciprocal tariff on India, Roman Babushkin, Minister of Counsellor and Deputy Chief of Mission at the Embassy of Russia in India, emphasised Russia's confidence in its relations with India and said that despite "deliberate attempts" to disrupt relations, Russia and India have developed "immunity against negative external factors."
Vijaya Diagnostic shares slip further amid broader market correction
New Delhi, April 4: Vijaya Diagnostic Centre Limited’s stock came under pressure on Friday as part of the broader market correction, ending the day lower by Rs 26.15 apiece or 2.7 per cent at Rs 944.55 on the National Stock Exchange (NSE).
India in active talks with domestic pharma exporters amid new US tariff threat
New Delhi, April 4: The Commerce Ministry is in active talks with Indian pharmaceutical exporters amid growing concerns over possible US tariffs on the sector, which was exempted in the first tranche of reciprocal tariffs by US President Donald Trump.
LS: LoP Rahul questions govt on US tariffs; Chinese 'encroachment' of Indian territory
New Delhi, April 3: Leader of the Opposition (LoP) in Lok Sabha, Rahul Gandhi on Thursday raised the issue of alleged encroachment of Indian territory by China and the freshly imposed US tariffs on Indian exports, seeking answers on “what the government is going to do on these issues”.
India's pharmaceutical products may be subject to duties in future actions under US Trade Expansion Act of 1962: Report
New Delhi, April 3: The recent imposition of a 27 per cent reciprocal tariff on Indian exports by the United States, while exempting the pharmaceutical sector, has raised concerns about potential future trade restrictions on drug exports.
India not so badly impacted by US tariffs, says ASSOCHAM president Sanjay Nayar
New Delhi, April 3: India is not so badly impacted by the imposition of tariffs by the US, which were announced by President Donald Trump on April 2, said ASSOCHAM president Sanjay Nayar.
Taiwan plans response to US tariffs amid trade surplus
Taipei, April 1: Taiwan is preparing contingency plans in response to the United States' potential imposition of "reciprocal tariffs," with officials emphasising that the trade surplus stems from strong demand for Taiwanese technology, not unfair trade practices, Taiwan News reported.
Shift in financial markets from US exceptionalism to un-exceptionalism triggers u-turn in USD: UBI
New Delhi, April 1: Amid the ongoing tariff threat environment, the financial markets have begun shifting their perspective on the US economy, which has impacted the USD.
'India has great Prime Minister': Donald Trump praises PM Modi's leadership, calls him very smart man
Washington, DC, March 29: US President Donald Trump on Friday (local time) expressed optimism about the ongoing India-US tariff talks and praised Prime Minister Narendra Modi's leadership, referring to him as a "very smart man" and a "great friend."
Tariffs are going to work out well between India-US: Donald Trump
Washington, DC, March 29: Higlighting a positive outlook for the India-US tariff talks, President Donald Trump said 'tariffs are going to work out well between New Delhi and the Washington, DC,' expecting a favorable outcome.
Trade tariffs: India has strong advantage in high-value manufacturing, exports
New Delhi, March 23: Amid the debate on trade tariffs, industry leaders on Sunday said India has a strong advantage in high-value manufacturing and this situation could actually open doors for them in exports with right policy support.
Trade tariffs: Trump restates his 'flexibility,' pursuit of 'reciprocity'
Washington, March 22: US President Donald Trump has reiterated that he will exert flexibility on tariff policies, but his administration's new levies on goods coming into the United States would "basically" be "reciprocal."
Stock market skyrockets as Sensex, Nifty surge for 4th day in row
Mumbai, March 20: The Indian stock market ended Thursday on a high note, with both Sensex and Nifty witnessing a remarkable surge amid a stable global sentiment.
US says India imposes 150% tariff on alcohol and 100% on Agriculture products
New Delhi, March 13: White House Press Secretary Karoline Leavitt, while lamenting the tariffs imposed by various nations on the United States, referred to the tariffs imposed by India on American alcohol and agricultural products.
India imposing 150 pc tariff on American alcohol, 100 pc tariff on agriculture goods: White House
Washington, DC, March 12: White House Press Secretary Karoline Leavitt, while lamenting the tariffs imposed by various nations on the United States, referred to the tariffs imposed by India on American alcohol and agricultural products.
Trump says tariffs on Mexico, Canada could go up as time goes by
Washington DC, March 10: US President Donald Trump jested that tariffs against neighboring countries Mexico and Canada could go higher in the future, Fox News reported on Sunday (local time).
Congress slams govt for surrendering before US on tariffs
New Delhi, March 8: Congress Working Committee member Pawan Khera on Saturday said that the government has surrendered before the US on the issue of lowering tariffs, claiming that Prime Minister Narendra Modi only focusses on taking pictures with lions and cheetahs but failed to roar back at America to protest injustice.
Indian chemical industry to benefit from US tariffs on China: Prabhudas Lilladher Report
New Delhi, March 7: The Indian chemical industry is set to gain from the United States recent decision to impose strict tariffs on China, Canada, and Mexico, according to a report by Prabhudas Lilladher.
Trump delays some tariffs on Mexico and Canada for one month
Washington, March 7: US President Donald Trump has signed executive actions that delay for nearly one month tariffs on all products from Mexico and Canada that are covered by the USMCA free trade treaty, a significant walkback of the administration's signature economic plan that has rattled markets, businesses and consumers.
Trump agrees to cancel tariffs on Mexico on USMCA Agreement items
Washington DC, March 6: US President Donald Trump said that he had a telephonic conversation with President Claudia Sheinbaum of Mexico, after which he agreed that Mexico will not be required to pay Tariffs on anything that falls under the United States-Mexico-Canada Agreement (USMCA) Agreement.