Us Tariff News - Latest Updates & Headlines
US tariffs pose major headwinds, need to diversify supply chains: BOK chief
Seoul, April 24: South Korea's top central banker has said global trade tensions sparked by the United States' sweeping tariff policy are a major headwind for the country's export-driven economy, and the issue will likely accelerate its efforts to diversify supply chains.
Karnataka Industries Minister holds meeting to discuss impact of US tariff
Bengaluru, April 23: Karnataka Large and Medium Industries Minister M.B. Patil held a meeting with senior officials of the department on Wednesday to review the potential impact of US-imposed tariffs, assess the progress of MoUs signed during the Global Investors Meet (GIM) – Invest Karnataka 2025, and discuss recent geopolitical developments affecting industries in the state.
Centre tightens vigil to check flow of cheap imports amid US tariff hikes
New Delhi, April 23: The government has set up a taskforce to keep a close watch on attempts by other countries to dump goods at predatory prices to exploit the Indian market, following the hike in tariffs announced by the Donald Trump administration which makes it difficult to export to the US, a top government official said on Wednesday.
April sees unprecedented growth of India's new export orders, PMI shows
New Delhi, April 23: April sees unprecedented growth of new export orders buoyed by the 90-day pause in the implementation of tariffs imposed by the Trump administration, HSBC Flash India PMI said.
Hyundai, Kia poised to report slowing operating profit in Q1
Seoul, April 23: Local industry leaders Hyundai Motor and Kia are expected to report increased sales but with shrinking operating profits in their first-quarter earnings results scheduled to be announced this week, a market analysis showed on Wednesday.
US tariffs threaten Arab non-oil exports: UN agency
Beirut, April 20: A sharp rise in US trade protectionism is placing Arab economies under mounting pressure, endangering $22 billion worth of non-oil exports, according to a policy brief released by the United Nations Economic and Social Commission for Western Asia (ESCWA).
Malaysian government needs to be prepared for global economic uncertainties: PM
Kuala Lampur, April 19: The government needs to be fully prepared in facing global economic uncertainties, especially following the recent tariff announcement by the United States, said Malaysian Prime Minister Anwar Ibrahim.
We're going to make a very good deal with China, says Trump
Washington DC, April 18: US President Donald Trump on Thursday expressed confidence about reaching a "very good" trade deal with China, even as the US imposed steep tariffs of up to 245 per cent on Chinese imports in response to Beijing's retaliatory actions.
GM Korea to increase vehicle production amid US tariff-related exit concerns
Seoul, April 16: GM Korea, the South Korean unit of General Motors, plans to increase production at its Incheon plant by about 9 per cent this year, the company's labour union said on Wednesday, easing concerns over a potential withdrawal amid growing uncertainty over the United States' tariff policies.
US tariff uncertainties to hit manufacturing, logistics, and retail sectors hardest: Jefferies
New Delhi, April 16: US tariff uncertainties will impact manufacturing, logistics and retail verticals the most, given their reliance on global supply chains, according to a report by Jefferies.
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.
Markets open flat amid weak global cues, US tariff developments
Mumbai, April 16: The Indian stock markets opened flat on Wednesday amid negative global cues and developments in the US reciprocal tariffs.
South Korea, Vietnam agree on close communication on US tariffs
Seoul, April 16: South Korea and Vietnam have agreed to closely communicate on the potential impact from the recent US reciprocal tariffs, as they committed to continue efforts to advance cooperation in the economy and other areas, Seoul's foreign ministry said Wednesday.
Market recovers from US tariff shock as investors gain Rs 10.9 lakh crore in a day
Mumbai, April 15: The Indian stock markets made a stunning comeback on Tuesday as the single-day rally added a massive Rs 10.9 lakh crore to investors’ wealth -- erasing all the losses that followed the US tariff shock on April 2.
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.
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.
Crisil projects 6.5 pc GDP growth for India in fiscal 2026 amid US tariffs
New Delhi, April 14: While US tariff hikes remain a key risk to growth forecast, global credit rating agency Crisil on Monday projected 6.5 per cent GDP growth for India in fiscal 2026, with risks tilted to the downside.
US plans to hike tariffs on pharma products, China first in firing line
New Delhi, April 13: The US is planning to go in for a tariff hike on pharmaceutical products, especially those being imported from China, in the next month or two, Commerce Secretary Howard Lutnick said in an interview with a media outlet on Sunday.
US textile importers ask Indian businesses to soak additional costs, say executives
New Delhi, April 13: Textile importers based in the US are reaching out to Indian exporters, asking them to bear the costs that may emanate from the US tariffs going forward, two industry executives told ANI.
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.
Korean currency volatility hits record high amid Trump tariff shock wave
Seoul, April 13: Volatility in South Korea's foreign exchange market surged to its highest level last week since the country extended trading hours for the won–US dollar market, data showed on Sunday.
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.
US tariff will be an opportunity for India-UAE bilateral trade: UAE parliamentarian Ali Rashid Al Nuaimi
New Delhi, April 12: Ali Rashid Al Nuaimi, a UAE parliamentarian, asserted on Friday that with any challenge comes opportunity, and the latest tariff regime in the US can be an opportune moment for India-UAE ties.
Rising global headwinds to slow Indian IT sector momentum in FY26: Nomura
New Delhi, April 12: Rising macroeconomic uncertainties will impact the growth of information and technology (IT) companies in the financial year 2026 (FY26), Nomura said in its latest report.
British, Japanese PMs voice opposition to trade war as both facing US tariffs
London, April 11: British Prime Minister Keir Starmer spoke to Japanese Prime Minister Shigeru Ishiba and both agreed that a trade war does not benefit anyone.
China reaches out to EU, ASEAN members against US' reciprocal tariffs
Beijing, April 10: With US President Donald Trump going all out in his trade war on China by imposing 125 per cent tariff on import of Chinese goods, Beijing has reached out to the European Union (EU) and ASEAN countries to forge an united front and force the US to backtrack.
Amid concerns over export losses, Pakistan to initiate tariff talks with US
Islamabad, April 10: Pakistan Prime Minister Shehbaz Sharif has agreed to send a high-level delegation to the United States, which will offer lower tariffs and increased market share, amid concerns that new tariffs could significantly reduce Islamabad's exports to Washington.
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.
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.
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.
Tariffs to slow Taiwan's GDP growth: NDC minister says
Taipei, April 10: Taiwan's economy is set to take a notable hit from newly imposed US tariffs, with government officials warning of a sharp reduction in the country's GDP growth for 2025, Taipei Times reported.
Indian economy resilient despite global uncertainty: HM Amit Shah on US tariffs
New Delhi, April 9: Union Home Minister Amit Shah on Wednesday said that external pressures would not cause panic among Indian citizens as the domestic economy remains resilient despite global uncertainties, as US reciprocal tariffs came into effect.
Somebody had to do it: Trump on raising China tariffs to 125 pc
Washington DC, April 10: US President Donald Trump on Wednesday (local time) defended his decision to raise tariffs on China to 125 per cent, stating, "somebody had to do it."
Rahul Gandhi warns of financial storm in the wake of US tariffs, slams BJP-led government
Ahmedabad, April 9: Congress leader Rahul Gandhi on Wednesday slammed Modi government over 26 per cent "reciprocal tariffs" imposed by the US on India and said a financial storm is about to hit the country.
US tariffs have mixed fiscal impact, will not solve underlying challenges: Fitch Ratings
New Delhi, April 9: Tariff revenues will help narrow the US budget deficit in 2025, but the hit to economic growth and additional tax cuts are likely to limit the size of any lasting fiscal benefit, Fitch Ratings said in a report.
Indian stock markets close lower amid US tariff developments, Nifty holds 22,400
Mumbai, April 9: After staging a smart comeback yesterday, Indian stock markets ended on a negative note on Wednesday, showing no major enthusiasm for the policy interest cut by the Reserve Bank of India (RBI).According to the market experts, the sentiments of the market participants are subdued due to the developments in the US reciprocal tariffs which will be effective from today.
Indian stock market ends lower as US reciprocal tariffs come into effect
Mumbai, April 9: The Indian stock market ended lower on Wednesday due to weak global cues and concerns over US trade tariffs, even though the Reserve Bank of India (RBI) cut the repo rate by 25 basis points.
RBI to ensure swift transmission of rate cut; US tariff will have less impact on India: Governor
Mumbai, April 9: The Reserve Bank of India (RBI) will ensure swift transmission of repo rate cut benefits, says governor Sanjay Malhotra in a post-policy press conference.
Tariffs have completely shaken up world: Congress MP Shashi Tharoor
Ahmedabad, April 9: Congress MP Shashi Tharoor on Tuesday said that the tariffs imposed by the Trump administration have completely shaken up the world and stated that India's main hope lies in very doing an effective negotiation with the Americans for a bilateral trade agreement.
Singapore to tackle impact of US tariffs on businesses, workers
Singapore, April 8: Singapore will establish a task force to help businesses and workers navigate uncertainties created by recent sweeping US tariffs, Prime Minister Lawrence Wong announced on Tuesday.