Page 2 - Tariffs

Wall St closes lower as Trump sets 25% tariffs, manufacturing data dips

Stocks had already slipped after an ISM survey, and they extended losses after Trump said 25 per cent tariffs on Canada and Mexico will go into effect

Xi Jinping prepares to unveil China's stimulus plan as trade war heats up

Thousands of delegates including ministry chiefs and provincial leaders will gather Wednesday in Beijing for the parliamentary conclave

US President Donald Trump and tariffs unnerve equity, bond markets

Given the prospects of global economic slowdown and fragmentation of global trade, India is rushing to work out some sort of trade deal or the other with UK, EU and US

Indian tariffs are WTO compliant; Centre should convey to US: GTRI

India's import duties are in compliance with the global trade rules and the government should convey this to the US administration, economic think tank GTRI said on Sunday. It also said that negotiating a comprehensive free trade agreement with the US presents several challenges. The US may push India to open government procurement to American firms, reduce agricultural subsidies, weaken patent protections by allowing evergreening, and remove restrictions on data flows, it said, adding India has resisted these demands for decades and is still not prepared to accept. US President Donald Trump on multiple occasions have alleged that India has high tariffs and termed it "tariff king" and "tariff abuser". Tariffs are import duties imposed and collected by the government and paid by companies to bring foreign goods into the country. "India's tariffs are consistent with WTO (World Trade Organisation) rules. "They are the result of a single undertaking at the WTO which all countries ...

Lower tariffs can spur 7% growth, boost competitiveness: NITI's V-C

Big ideas take centre stage on concluding day of BS thought summit, as bureaucrats, corporate leaders, and startup pioneers converge

Tariffs should not determine how Indian drugmakers operate: Cipla CEO

India, often dubbed the "pharmacy of the world", is among the top exporters to the U.S., especially for cheaper versions of popular drugs

Govt considers tariff cuts on cars, chemicals as Trump duties loom

Officials in New Delhi are discussing reducing duties for automobiles, some agricultural products, chemicals, critical pharmaceuticals, as well as certain medical devices and electronics

India-EU trade talks: Tariffs, market access, regulatory clashes in focus

Talks for an India-EU free trade agreement, stalled for eight years, resumed in 2021, now cover investment protection and geographical indications.

India must rethink trade strategy as US pushes reciprocal tariffs

A systematic evaluation of all these measures, for almost 13,000 tariff lines traded by the US for each of its trade partners, seems like a near-impossible exercise to undertake

Opportunity trumps tariffs: Navigating the web of Trump's trade policies

In a world where Trump 2.0 is negative for most countries, the mixed impact of Mr Trump's tariff web could still make India a relative winner

Trump admin ramps up economic measures against China amid rising tensions

US-China trade war: China has strongly condemned Washington's actions, accusing the US of politicising and weaponising economic and trade relations

Trump to soon impose reciprocal tariffs on India, China; reiterates stance

US President Donald Trump has said that his administration will soon impose reciprocal tariffs on countries such as India and China, reiterating what he had said during Prime Minister Narendra Modi's recent visit to the US capital. Trump was speaking at the swearing-in of Commerce Secretary Howard Lutnick on Friday when he made the announcement, reiterating what he told Prime Minister Narendra Modi last week during the latter's visit to the US capital. We'll soon impose reciprocal tariffs because that means, they charge us, we charge them. Its very simple. Whatever a company or a country, such as let's say India or China or any of them, whatever they charge, we want to be fair ... so reciprocal. Reciprocal meaning, 'they charge us, we charge them', Trump said in Washington. We haven't done that, we have never done that. We are getting ready to do it, he added. Earlier on Tuesday, Fox News aired a joint television interview with Trump and billionaire Elon Musk when the president sai

'Nobody can argue with me': Trump on reciprocal tariff talks with PM Modi

India has some of the world's steepest tariffs on certain US imports, particularly in the automobile sector, where duties on foreign cars can reach up to 100 per cent

Statsguru: Are Indian tariffs truly 'top of the pack' as Trump claims?

Does India charge more than its peers in world trade?

Do Trump's reciprocal import tariffs violate WTO rules? An explainer

American President Donald Trump has announced imposing reciprocal tariffs on its major trading partners including China that levy higher import duties on goods shipped from the United States. He has already announced a 25 per cent duty on steel and aluminium imports, which will come into effect from March 12. While announcing the new tariff policy, the president has also spoken about how India is "right at the top of the pack" when it comes to tariffs. With all these countries being members of the global trade body World Trade Organisation (WTO), the decisions of the US may challenge the WTO principles. A list of Q & As (questions and answers) to explain the wider implications of the US move: Q. What is WTO? A. The 166-member Geneva-based WTO is a multilateral body which formulates rules for global trade and adjudicates disputes between the countries. Its main objective is to promote smooth, predictable and free flow of goods. Both India and the US have been members since ...

Trump's reciprocal tariffs: A US gamble that could disrupt global trade

India could reduce its tariffs to zero on these products in exchange for the U.S. doing the same, which would be an immediate benefit for India

Europe's pharma, car giants most at risk from Trump's tariff threats

Trump ordered his administration on Thursday to consider imposing reciprocal tariffs on a country-by-country basis

Tariffs, trade, terrorism: PM Modi, Prez Trump discuss key India-US issues

PM Modi said that illegal immigration is a global issue and India is ready to take back any 'verified' Indian living in the US illegally

US President Trump moves to impose reciprocal tariffs as soon as April

"India has more tariffs than nearly any other country," says US President Donald Trump

Best of BS Opinion: Quality of spending matters more than the quantum

From education to PSUs to advertising to tariffs, how we address the quality of spending matters as much as the quantum of it