Page 3 - Donald Trump Tariff Hike
Is it a good time to buy stocks? Chris Wood of Jefferies answers
With US stocks trading at nearly 19.2x forward earnings, global investors, Wood suggested, should continue to reduce positions in favour of Europe, China and India
Chinese firms race to open US factories as Trump's tariff war hits home
Donald Trump's message for Chinese exporters was clear: move production to America, or risk being priced out of the market
PepsiCo cuts 2025 profit forecast amid trade tensions and cost pressures
PepsiCo now expects fiscal 2025 core earnings per share to decline 3 per cent, compared with its previous forecast of a low-single-digit increase
Vance's visit boosts US-India talks amid trade pact negotiations: Scindia
US Vice President J D Vance's visit to India takes dialogue between the two countries a step further, Union Minister Jyotiraditya Scindia said on Tuesday as New Delhi looks to stitch an early deal with Washington that spares it from President Donald Trumps' additional tariff hikes. Vance began a four-day tour of India on Monday as the two nations engage in talks to nail a bilateral trade agreement that would avoid reciprocal tariffs. A 26 per cent 'reciprocal' tariff on Indian exports to the US is currently on a 90-day pause, set to expire on July 8. However, like other countries, India is presently subject to a 10 per cent tariff under the existing policy. In an interview with PTI, Scindia said India and the US represent "tremendous markets", adding that closer cooperation between the two nations is not only mutually beneficial but also in the broader interest of the world. "Vice President of the United States coming to India is a very welcome and a very important step. I think it
Trump looking to cut US drug prices to international levels: Report
The first source said he had been told directly by government health officials that they were exploring such a policy, which he described as a mid-level priority for the Trump administration
Auto index up 3%; Samvardhana Motherson, TaMo rally up to 10%; here's why
Media report suggests President Donald Trump is considering possible exemptions to his tariffs on imported vehicles and parts to give auto companies more time to set up US manufacturing.
From Nixon to Trump: How US shocks keep resetting the global economic order
Whether it's gold, oil, or tariffs, US economic shocks - from 1930 to 2025 - have repeatedly triggered global realignments and reshaped the rules of trade
Wall Street dips on tariff worries as big banks kick off earnings season
US consumer sentiment also deteriorated sharply in April and 12-month inflation expectations surged to the highest level since 1981 amid unease over escalating trade tensions
Xi Jinping calls on EU to oppose US 'bullying' amid escalating trade war
China has retaliated against US tariffs by imposing 125 per cent additional tariffs on American goods
Tariffs may destroy developing nations more than aid cuts: UN trade agency
Global trade could shrink by 3-7 per cent and global gross domestic product by 0.7 per cent, with developing countries the worst affected, the International Trade Centre said
'Everything is going to work out well': Trump on tariff reversal decision
After his reversal on social media, Trump's team was put in the unenviable position of trying to spin the media that this was the plan all along, a brilliant strategy
China, EU hit back with their own tariffs as Trump's trade war intensifies
China announced a tariff hike on US imports to 84 per cent from 34 per cent, shortly after Trump's punitive 104 per cent tariffs on Chinese imports kicked in on Wednesday
US sanctions Iran amid talks over nuclear programme, Trump issues warning
The US Treasury Department in a statement said it imposed sanctions on five Iran-based entities and one person based in Iran for their support of Iran's nuclear program
Treasuries, US dollar see fall as Trump's trade war sparks recession fears
US stocks were in positive territory early, with investors weighing whether recent sharp selling may have been overdone, although trading remained choppy as it has been all week
JPMorgan CEO Dimon warns of recession & defaults, urges quick trade talks
JPMorgan's economists raised the risk of a US and global recession this year to 60 per cent from 40 per cent after Trump unveiled the trade barriers
EU slaps new tariffs on $23 bn in US goods over Trump's metal duties
European Union member states have voted to approve retaliatory tariffs on USD 23 billion in goods in response to US President Donald Trump's 25 per cent tariffs on imported steel and aluminum. The tariffs will go into effect in stages, with some on April 15 and others on May 15 and Dec. 1. The EU executive commission didn't immediately provide a list of the goods Wednesday. Members of the 27-country bloc repeated their preference for a negotiated deal to settle trade issues: The EU considers US tariffs unjustified and damaging, causing economic harm to both sides, as well as the global economy. The EU has stated its clear preference to find negotiated outcomes with the US, which would be balanced and mutually beneficial. The head of the EU's executive commission, Ursula von der Leyen, has offered a zero-for-zero tariffs deal on industrial goods including cars. But Trump has said that's not enough to satisfy US concerns.
Bessent says Treasury to play bigger role so lenders can finance growth
Bessent said Treasury's stronger involvement in crafting bank regulation would be achieved through the Financial Stability Oversight Council
Wall Street opens mixed after China retaliates with new tariffs on US goods
The Dow Jones Industrial Average fell 257.7 points, or 0.68 per cent, at the open to 37,387.91. The S&P 500 fell 17.5 points, or 0.35 per cent, at the open to 4,965.28
China vows strong response after US imposes additional 50% tariff
China on Wednesday promised to take resolute and forceful measures to safeguard its rights and interests, after net total tariffs of 104 per cent by President Donald Trump on Chinese imports into the US took effect. After Trump's additional 50 per cent tariffs on the world's second-largest economy, China has not announced any new tariffs on the US. President Trump's next round of punishing tariffs on some of America's largest trading partners went into effect on Wednesday, including stiff new levies that will increase import taxes on Chinese goods by at least 104 percent. Trump's explosive new tariffs on 60 countries came into effect just after midnight Wednesday US time. The additional tariffs on China kicked in after Beijing refused to meet Trump's deadline to withdraw its own retaliatory levies on the US. Asked why China has not slapped retaliatory tariffs after Tuesday's assertions to fight till the end and whether the two countries are holding talks to resolve the issue, Chin
Pharma shares slide up to 10% as Trump to announce pharma tariffs 'soon'
Trump tariffs: Blue Jet Healthcare, Aarti Pharmalabs, Marksans Pharma, Ipca, Wockhardt, Ami Organics, Biocon, Piramal Pharma, Lupin, Laurus Labs and Gland Pharma dropped in the range of 3% to 10%
