Donald Trump Tariff Hike

This may have an impact on India's $250 billion tech sector which plays an important role in the economy, employing about 5.4 million people

Trump has pledged not to cut entitlement programs and Republicans are loath to slash military spending. That leaves scant space to scale back the biggest drivers of the debt

Government ministries and departments are examining different scenarios after US President-elect Donald Trump's open threat to impose reciprocal tariffs on Indian goods

Imposing reciprocal duties violates global trade rules but one has to follow a "wait and wait" approach to US President-elect Donald Trump's remarks on imposing reciprocal tariffs, a senior official said on Wednesday. US President-elect Donald Trump has said that India charges a lot of tariffs, reiterating his intention to impose reciprocal tariffs in retaliation for what New Delhi will impose on the import of certain American products. Trump made these remarks on Tuesday and also said that India and Brazil were among countries that impose high tariffs on certain US products. "It will be very difficult to decipher from one or two sentences which Mr Trump makes but if I understood from what he was saying. His main intent is that reciprocity will matter in future. So if you are putting a tax on Harley-Davidson (bikes) we will also put a tax on your motorbike exports. So from that point of view, this will be in clear violation of the WTO (World Trade Organization) norms but there are .

At 6:40 AM, GIFT Nifty futures were trading 11 points higher at 24,228, suggesting a flat to positive start for the Indian bourses

Donald Trump on Wednesday trounced Kamala Harris to win the US presidency again. Here's what this means for India when it comes to defence and security, trade and foreign policy

Chinese factories have flocked to areas of Mexico that border the United States in a bid to avoid tariffs imposed under the Trump administration running into millions of dollars, Nikkei Asia reported

Trump's remarks ratchet up tensions on a day when Iraqi lawmakers voted to pursue the removal of foreign troops from the nation

The proposal to give Trump more authority to raise duties without congressional approval comes after failed attempts by Republican senators to rein in his trade and tariff powers

Groups lobbying for months to persuade the president that tariffs are the wrong approach have been largely ignored

The countries that would be most affected include China, US, Euro area and some major trade partners such as Taiwan, Canada, Korea, Mexico as well as some other smaller European economies

Auto manufacturing powers have been coordinating with each other lately about their fears and response to Trump's 'Section 232' investigation into whether auto imports are a threat to US security

In recent months, Donald Trump has increased tensions among traditional US partners and allied trading blocs such as the EU, Canada, and Mexico, with a focus on trade issues

The global commercial order is being shaken by Trump's use of a US trade-law provision on national security to justify steel and aluminium tariffs against a host of countries

Trump has imposed tariffs on steel and aluminum in response to what he calls unfair trade practices from Europe, Canada, and other allies around the world

Higher tariffs could also hike vehicle prices and reduce sales, says GM

The company said in a government filing on Monday that it may move some production outside the US in response to European retaliation for the president's tariffs on imported metals

The Trump administration announced tariffs on $34 billion of Chinese imports to take effect in three weeks with another $16 billion still to be reviewed

The EU has vowed to hit back at the US with tariffs on American goods, including iconic items such as Harley-Davidson motorbikes, blue jeans and bourbon whiskey

Voluntary export restraints by Europe could hand Trump an apparent victory, while benefiting EU's steel producers