Trump Tariffs News - Latest Updates & Headlines
India among some other emerging economies at risk of Trump tariffs, Fitch says
New Delhi, March 29: Trading partners of the US, particularly those emerging market economies where the tariff rates faced by US exporters exceed those charged on US imports, are at risk due to the Trump administration's impending reciprocity plans, Fitch Ratings said in a report.
Trump expresses openness to tariff deals after reciprocal tariffs are enforced on April 2
Washington, March 29: US President Donald Trump has expressed openness to cutting tariff deals with other countries as he plans to unveil new taxes on imports in the coming days, but he suggested any deals would be made after the tariffs go into place on April 2.
India, US discuss trade, defence
Washington, March 29: India and the US, on Friday, discussed trade just days ahead of President Donald Trump's reciprocal tariffs system kicks into effect.
Customs duty cuts, levy withdrawals an ongoing process, not linked to global events: FM Sitharaman
New Delhi, March 28: Finance Minister Nirmala Sitharaman on Thursday said the ongoing process of rationalizing customs duties and withdrawing the 6 per cent equalization levy, which began in 2023, is independent of any global events and will continue.
Sensex gains 318 points, Nifty nears 23,600 on expiry day
Mumbai, March 27: The Indian stock markets ended on a strong note on Thursday, with both the Sensex and Nifty closing in the green.
Trump's 25% tariff on auto components import may divert orders to India: FIEO
New Delhi, March 27: US President Donald Trump's latest tariff move to impose 25 per cent tariffs on auto and auto component imports could potentially reshape the international automotive supply chain. The Federation of Indian Export Organisations (FIEO) sees this as a potential opportunity for India.
US reciprocal tariffs: India can plan some 'easy wins' for Trump to mitigate larger impact
New Delhi, March 27: With the US reciprocal tariffs likely to come into effect from April 2, India needs to pursue negotiations by offering concessions in some key sectors, which would not hurt domestic industry but are important politically or economically for US President Donald Trump in exchange for tariff mitigation elsewhere, a report suggested on Thursday.
US tariffs on imported cars to weigh heavily on S. Korean carmakers
Seoul, March 27: US President Donald Trump's recent announcement to levy 25 per cent tariffs on all imported vehicles next month is expected to deal a heavy blow to South Korean carmakers, which largely depend on shipments to the United States, analysts said on Thursday.
Indian Indices under pressure after Trump announces tariff on US auto imports
Mumbai, March 27: Indian markets opened under pressure on Thursday after Donald Trump announced 25 per cent flat tariffs on US auto imports effective April 2nd 2025.
European Union regrets Trump's car tariffs: EU Chief
Brussels, March 27: European Commission President Ursula von der Leyen expressed deep regrets about the United States' decision to impose tariffs on imported European cars.
Nifty, Sensex opened flat, experts say market already factored in April 2 disruption
New Delhi, March 26: Indian stock markets opened flat on Wednesday as the indices started settling on the gains made in the last seven trading sessions. However, FPI inflows continue.
Trump's 25 per cent tariff threat over Venezuela oil imports would hit India
New York, March 25: US President Donald Trump’s threat to impose a 25 per cent tariff on exports from countries that buy oil from Venezuela would hit India which already fears reciprocal US taxes next month.
Gold prices surge amid global uncertainty, could touch $3,100 soon
New Delhi, March 24: Gold prices are on a strong upward trend, with analysts predicting that the precious metal could soon reach the $3,100 mark per ounce.
Hyundai Motor CEO highlights need to tackle challenges amid Trump tariff woes
Seoul, March 20: Jose Munoz, the chief executive officer (CEO) of Hyundai Motor, on Thursday highlighted growing trade tensions and protectionism as key challenges for the global automotive industry in 2025, urging strategic adaptability to maintain the company's growth momentum.
Priorities for Trump on tariffs have been Canada, Mexico, China, EU to some extent: ORF America Executive Director Dhruva Jaishankar
New Delhi, March 18: Observer Research Foundation (ORF) Executive Director Dhruva Jaishankar said on Monday that priorities for US President Donald Trump have been Canada, China, Mexico, European Union to some extent and noted that India has been a little exempt.
India stands to gain in an increasingly uncertain world of tariffs: SBI Report
New Delhi March 17: US President Donald Trump's plan to impose reciprocal tariffs may only lead to a 3-3.5 per cent decline in Indian exports, and the effect will be negated by higher exports, according to SBI Research released on Monday.
Seoul shares finish lower amid Trump's tariff determination
Seoul, March 14: South Korean stocks ended lower for the second consecutive session in Friday amid US President Donald Trump's determination to push forward with his controversial tariff policies. The local currency stayed unchanged against the greenback from the previous session.
Trump tariffs to drag down S. Korean economic growth, inflation: BOK
Seoul, March 13: US President Donald Trump's sweeping tariff scheme is expected to increase downside pressure on South Korea's economic growth and inflation, though its impact on the local financial market would be limited, the central bank said on Thursday.
JSW Steel, Tata Steel drag Nifty Metal as US tariffs on steel and aluminum take effect
Mumbai, March 12: The share prices of JSW Steel Limited and Tata Steel Limited fell on Wednesday, leading to a decline in the Nifty Metal index.
US stock markets decline as Trump announces retaliatory tariffs on Canadian steel and aluminum
Washington, DC, March 11: The U.S. stock markets continued to decline on Tuesday after President Donald Trump announced additional tariffs on steel and aluminum imports from Canada.
Indian stock market opens lower on weak global cues
Mumbai, March 11: The Indian equity benchmark indices opened lower on Tuesday amid weak global cues, as selling was seen in the IT, media and private bank sectors in the early trade.
Trump tariff could become a catalyst to tackle high import tariffs & low FDI hitting India's exports: HSBC
New Delhi, March 7: India's export growth has been hampered over the past decade due to a combination of high import tariffs and low foreign direct investment (FDI) in mid-tech manufacturing sectors, according to a report by HSBC.
Canada to halt second wave of tariffs on US goods until April 2
Ottawa, March 7: Canadian Finance Minister Dominic LeBlanc has said that Canada will halt the second wave of tariffs on US goods until April 2.
With internal reforms, focus on manufacturing, India could benefit from Trump's tariffs: Expert
New Delhi, March 6: The tariffs that US President Donald Trump imposed on Chinese goods present a significant opportunity for India, if it undertakes internal reforms to capture a share of what China loses in exports.
S. Korea needs greater US energy imports, other bargaining chips for Trump tariff negotiations
Seoul, March 6: Facing US President Donald Trump's imminent sweeping tariff scheme and mounting pressure on a range of industries and the economy, South Korea needs to boost its imports of American energy and highlight room for cooperation in areas crucial to the US as leverage in possible negotiations, experts said on Thursday.
Foolish endeavour, will disturb trade structure: Foreign Affairs experts on Trump's reciprocal tariffs on India
New Delhi March 5: The foreign affairs experts have criticised the decision of Donald Trump administration to impose reciprocal tariffs on India, while pointing that the move is a matter of 'concern' for the whole world and will end up disturbing the trade structure.
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).
Seoul shares drop over 3 pc on looming tariff war
Seoul, Feb 28: South Korean stocks tumbled over 3 per cent on Friday, dragged down by a possible tariff war threat by US President Donald Trump and a slump in artificial intelligence (AI) chip giant Nvidia. The local currency fell sharply to a three-week low against the US dollar.
Sensex crashes 1,414 pts, Nifty ends at 22,125 amid US trade tariff fears
Mumbai, Feb 28: The Indian stock market on Friday witnessed a sharp sell-off as weak global cues and trade tensions weighed on investor sentiment and both the domestic benchmark indices ended the day with heavy losses.
India stocks witness bloodbath over US-China tariff threat fears; Sensex, Nifty down nearly 2%
New Delhi, February 28: Indian stock indices witnessed a bloodbath on Friday, with both Sensex and Nifty tumbling close to 2 per cent each, at the time of filing this report.
EU chief's meetings in India to boost efforts to sign Free Trade Agreement amid Trump tariff threat
New Delhi, Feb 28: After US President Donald Trump's threat to hit the European Union (EU), a 27-member bloc, with 25 per cent tariffs, a meeting between the top leadership of India and the EU on Friday is expected to give fresh push to efforts to seal an ambitious free trade agreement (FTA).
South Korea bats for 'constructive alternative amid Trump tariff concerns
Washington, Feb 27: South Korea's industry minister expressed confidence that Seoul and Washington will be able to find a "constructive" and "win-win" alternative, as the Donald Trump administration is working to impose "reciprocal" tariffs on US imports to match what other countries slap on American goods.
Trump says drop in illegal border crossing no bar from imposing Mexico, Canada tariffs
Washington DC, February 27: US President Donald Trump said on Wednesday at his first Cabinet meeting that the drop in illegal border crossings into the United States since he took office is "not stopping" him from levying 25 per cent tariffs on all Mexican and Canadian goods the US imports, CNN reported.
Spanish ports monitor Trump's tariff threats
Barcelona, Feb 26: Spanish ports are closely monitoring the potential impact of tariffs threatened by US President Donald Trump this month on international trade.
Trump to announce tariffs on cars, chips, pharmaceuticals 'over the next month or sooner'
Washington, Feb 20: US President Donald Trump has said that he will announce tariffs on cars, semiconductors, and pharmaceuticals "over the next month or sooner" as he is pushing for new levies to shrink America's trade deficits, boost domestic manufacturing and achieve other policy goals.
Hyundai, Samsung brace for hefty US tariffs
Seoul, Feb 19: South Korean automotive and chip companies are devising strategies to deal with looming hefty tariffs on their US exports, industry observers said on Wednesday, after US President Donald Trump announced his intention to impose auto duties of around 25 per cent and similar levels on chips.
Indian stocks close flat over Trump tariff worries, volatility remains
Bengaluru, February 19: Indian stock indices continued to remain volatile over concerns about Trump's tariff announcements and weak global cues. The benchmark indices opened in the red to later trade in the green. At closing, it closed marginally lower.
India auto component industry, with its small market share, may not face brunt of US reciprocal tariffs: Report
New Delhi, February 17: India's auto component industry is expected to face only a limited impact from the potential reciprocal tariffs proposed by US President Donald Trump on auto industry, according to a report by Nomura.
Trump tariffs, martial law chaos unlikely to affect South Korea's credit rating
Seoul, Feb 16: Global credit appraisers have said that sweeping tariffs by US President Donald Trump's administration and the political chaos following now-suspended President Yoon Suk Yeol's martial law are not expected to affect South Korea's sovereign credit rating, Seoul's finance ministry said on Sunday.
Foreign holdings of South Korean stocks at lowest level amid Trump tariff woes
Seoul, Feb 16: Despite the recent upbeat stock market, foreign ownership of South Korean shares has fallen to the lowest level in nearly one and a half years, data showed on Sunday.