Trump Tariff

US-EU trade dispute: The Trump administration recently imposed 25% tariff on European steel and aluminium imports

In the previous session, the Sensex ended 0.02 per cent, or 12.85 points, lower at 74,102.32, while the Nifty50 gained 0.16 per cent, or 37.60 points, to 22,497.90

The concern in New Delhi is that any retaliatory trade action by Washington will cover broader ground than just India's massive tariffs

Nomura pointed out that India is strategically positioned to capitalise on these changes, especially as the US looks to adjust its approach to trade with India, particularly in electronics

With Trump enforcing reciprocal tariffs, India faces trade challenges. Exploring new markets, finalising FTAs, and boosting manufacturing could help counter the impact

President Donald Trump launched a trade war Tuesday against America's three biggest trading partners, drawing immediate retaliation from Mexico, Canada and China and sending financial markets into a tailspin as the U.S. faced the threat of rekindled inflation and paralyzing uncertainty for business. Just after midnight, Trump imposed 25% taxes, or tariffs, on Mexican and Canadian imports, though he limited the levy to 10% on Canadian energy. Trump also doubled the tariff he slapped last month on Chinese products to 20%. Beijing retaliated with tariffs of up to 15% on a wide array of U.S. farm exports. It also expanded the number of U.S. companies subject to export controls and other restrictions by about two dozen. Canadian Prime Minister Justin Trudeau said his country would plaster tariffs on more than $100 billion of American goods over the course of 21 days. Today the United States launched a trade war against Canada, their closest partner and ally, their closest friend. At the

Chinese aluminium imports no longer cheaper and country can't afford to dump metal in India, says company's MD

The US government's move to impose reciprocal tariffs to match higher duties levied by its trading partners is not likely to hurt India much as there are differences in the export profiles of the two countries, economic think tank GTRI said on Friday. Citing an example, the Global Trade Research Initiative (GTRI) said that if the US charges 50 per cent reciprocal tariffs on Indian pistachios because India charges the same, India is happy as it does not export pistachios. Additionally, for 75 per cent value of the US exports to India, the average tariff is less than 5 per cent, GTRI Founder Ajay Srivastava said. In contrast, India faces high US tariffs on many labour-intensive goods like textiles, garments, and footwear, ranging between 15-35 per cent on several products, he added. "Given the differences in the export profiles of the two countries, reciprocal tariffs may not have a significant impact...In the new Trump era, India may wait to see the US decision in April on reciproca

Trump said he would impose reciprocal tariffs, seemingly targeting countries that have levies on US goods

Trump made the announcement during a meeting with visiting Japanese Prime Minister Shigeru Ishiba

Trump said he plans to impose tariffs on imported chips, pharmaceuticals and steel in an effort to get the producers to make them in the United States

The lion's share of the higher tariff costs, some $37.3 billion, stemmed from duties on imports from China

The US, the second-biggest overseas destination, is threatening 100 per cent tariffs on the drink in response to a French digital-services tax affecting the likes of Alphabet's Google and Amazon.com

The decision sends a clear signal that the US will take action against digital tax regimes that discriminate or otherwise impose undue burdens on its firms, US Trade Representative said

The world's largest automakers -- including Ford Motor Co., Toyota Motor Corp. and Volkswagen AG -- lost $17 billion in market value in Friday trading

The largest US automaker is set to hire Trump's former deputy director of the National Economic Council and adviser on international economic affairs

India and the US will hold their first 2+2 dialogue on July 6

The new tariffs follow Trump's recent announcement of a 25 per cent tariff on imported steel and 10 per cent tariff on imported aluminium

Here's how the tariffs have jostled asset prices and could sway markets going forward