Trade Tensions News - Latest Updates & Headlines
Lot of pressure from markets on US govt to change course: says Carnegie Endowment's Evan Feigenbaum
New Delhi, April 12: Evan A. Feigenbaum, Vice President for studies at the Carnegie Endowment for International Peace, believes that the financial markets are pressuring the US administration to change course.
US tariffs: South Korea to devise support measures for chip industry
Seoul, April 10: The government will "swiftly" devise support measures for the local chip industry to cushion the impact of the United States' planned tariffs on semiconductor imports, the industry minister said on Thursday.
'We have to safeguard Indian industry': Karnataka Dy CM DK Shivakumar on share market
Ahmedabad, April 9: Karnataka Deputy CM DK Shivakumar on Wednesday said that Prime Minister Narendra Modi should take a clear stance on the recent stock market fluctuations caused by the Trump administration's imposition of tariffs.
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.
Australian shares down 4.2 per cent in worst day since 2020
Sydney, April 7: The Australian share market has recorded its biggest single-day fall since 2020 amid the ongoing fallout from sweeping US tariffs.
India stocks outlook: After Trump tariffs, focus shifts to RBI monetary policy, Q4 earnings
New Delhi, April 6: After a volatile week following the Trump administration's announcement of reciprocal tariffs, Indian stock indices are set to take cues from the upcoming monetary policy review meeting (April 7-9), followed by the scheduled release of domestic inflation data.
IMF chief Kristalina Georgieva warns US tariffs pose significant risk to global outlook
Washington DC, April 4: Following US President Donald Trump's announcement of reciprocal tariffs, International Monetary Fund (IMF) Managing Director Kristalina Georgieva expressed concern over the impact on the global economy and said that the tariffs represent a "significant risk to the global outlook."
South Korea calls for all-out response to US announcement of 25 pc tariffs
Seoul, April 3: Acting President Han Duck-soo instructed the government on Thursday to go all-out to respond to the United States' announcement of 25 percent tariffs on imports from South Korea.
US auto tariff threat stokes fears over GM Korea's possible exit
Seoul, April 2: The United States' plan to impose 25 per cent tariffs on imported automobiles starting this week has ignited concerns over the long-term stability of GM Korea, the South Korean unit of General Motors (GM), raising the possibility of its potential withdrawal from South Korea, industry observers noted on Wednesday.
Automotive industry calls for measures to soften blow from US tariffs
Seoul, March 28: The South Korean automotive industry on Friday called for measures to soften the anticipated fallout from the U.S. administration's plan to impose auto tariffs and reciprocal tariffs next week, according to officials.
US tariff will open avenues for India to focus on self-reliance, boost local production: Report
New Delhi, March 24: Amid concerns over US President Donald Trump's tariff policies, a report by Motilal Oswal suggests that India has the opportunity to strengthen its domestic industries.
Canada's PM Carney calls for snap election on April 28
Ottawa, March 23: Canada's new Prime Minister, Mark Carney, has moved to dissolve the Parliament and called a snap election for April 28, Al Jazeera reported on Sunday.
India faces limited impact from US trade policies, but risks remain: UBI Report
New Delhi, March 21: India's economy may be shielded from the full effects of US trade tensions due to its trade balance with the US, but the final impact will depend on the contours of a trade deal between the two nations says a research report by Union Bank of India.
Trump vows 200 per cent tariff on EU champagne, alcohol imports
Washington, DC, March 13: US President Donald Trump on Thursday threatened to impose a 200 per cent tariff on champagne and other alcoholic products from the European Union, escalating trade tensions amid ongoing disputes between Washington and Brussels, ABC News reported.
India best placed in Asia for growth outlook amid trade tensions: Morgan Stanley
New Delhi, March 11: Despite ongoing global trade tensions India is the best-positioned country in Asia for economic growth, according to a report by Morgan Stanley.
Global trade tensions: India is best placed in Asia, says Morgan Stanley
New Delhi, March 11: Trade tensions will likely remain a drag on Asia's growth but India is still the best placed in the region against this backdrop – low goods exports, strong services exports and policy support for domestic demand, a Morgan Stanley report said on Tuesday.
Let's build a stronger Canada, Canada's Liberal Party Leader Carney says
Montreal, March 10: Canada on Monday saw Mark Carney its new Prime Minister aswas elected as the new head of the governing Liberal Party, replacing Justin Trudeau in the midst of historic tensions and fears of a trade war with the United States, Al Jazeera reported.
S. Korean economy faces 'increasing' downside risks amid construction slump, trade tariffs
Seoul, March 10: South Korea's economy is facing "increasing" downside risks due to a prolonged slump in the construction sector and worsening export conditions amid concerns over a global trade war, a state-run economic think tank said on Monday.
S. Korea to devise response measures to US auto tariff plan next month
Seoul, March 7: The government will come up with measures next month to respond to the United States' plan to impose tariffs on auto imports, the industry ministry said on Friday, as the new U.S. tariffs are expected to deal a severe blow to the South Korean automotive industry.
Stock market opens in green despite Trump's reciprocal tariffs announcement from April 2
Mumbai, March 5: Indian stock markets opened in the green on Wednesday, despite US President announcing reciprocal tariffs from April 2 on Tuesday (Local Time).
If war is what US wants, be it tariff, trade or any other, we're ready to fight : China
Beijing, March 5: China said that the US is using fentanyl as a "flimsy excuse" to raise tariffs on Chinese imports and "if war is what the US wants," be it tariff or trade war, Beijing is ready to "fight till the end."
China urges US to withdraw probe into copper imports
Beijing, Feb 27: China's Ministry of Commerce on Thursday urged the United States to withdraw its Section 232 probe into copper imports as soon as possible, stating that its so-called accusation that China uses subsidies and excess capacity to undermine competition is entirely unfounded.
Indian shares log weekly losses over Trump's tariff reciprocity plans
New Delhi, February 14: Failing to maintain the morning session gains, Indian stock indices closed Friday's session and the week in red. This marked eight consecutive sessions of decline in the domestic equity market indices, data showed.
Stock market crashes over 1 pc as investors jittery over US tariff moves
Mumbai, Feb 11: The Indian stock market on Tuesday continued its downward trend with both Sensex and Nifty ending the day in the red, as investors reacted negatively to the latest tariff measures by US President Donald Trump.
Stock market ends lower amid Trump's new tariff plan on steel
Mumbai, Feb 10: Indian stock markets on Monday ended the first trading session of the week on a negative note, as both the BSE Sensex and NSE Nifty ended lower following US President Donald Trump's announcement of upcoming new tariffs on steel and aluminium imports.
Pressure is not right way for US to deal with China: Chinese Foreign Ministry
Beijing, Feb 5: Applying pressure is not the right way for the United States to handle its relations with China, Chinese Foreign Ministry spokesperson Lin Jian said on Wednesday, referring to the additional 10 per cent tariff the US has placed on goods from China under the pretext of fentanyl-related issues.
South Korea to respond to possible impact of China's export curb on strategic minerals
Seoul, Feb 5: South Korea's industry ministry said on Wednesday it will monitor and respond to any possible impact from China's export restrictions on strategic minerals in an apparent retaliatory measure against the United States' recent tariff imposition.
We did not want this, but Canada is prepared, Justin Trudeau responds to tariff announcement
Ottawa, February 2: Prime Minister Justin Trudeau responded on Sunday to the United States' decision to impose a 25 per cent tariff on most Canadian goods, stating that "Canadians did not want this, but are prepared."
Mexico hits back at US after Trump's decision to impose tariffs
Mexico City, Feb 2: In response to former US President Donald Trump's imposition of a 25 per cent tariff on Mexican imports, Mexico's President Claudia Sheinbaum has announced counter-tariffs on American goods, further escalating trade tensions between the two nations.
Trump tariff hikes on Chinese goods may hit Indian exporters: Crisil Report
New Delhi, January 17: Trade restrictions planned by the incoming US President Donald Trump could lead to aggressive exports by China to other Asian markets, including India, according to a report by Crisil.