Page 2 - Us Tariff

US tariff worries may push rupee to all-time low before upcoming budget

Trump is planning to impose tariffs on Canada and Mexico on Saturday and is considering fresh tariffs on China

Fed to hold rates steady as it awaits more data, clarity on Trump's move

Investors and many economists still expect the Fed to reduce interest rates later this year, but the watchword for policymakers for now may be caution until they are more certain inflation will fall

Oil prices fall as US crude inventories rise, tariff fear continues

Supply concerns eased after Libya's National Oil Corp said on Tuesday export activity was running normally after it held talks with protesters demanding a halt of loadings at one its main oil ports

Trump calls India, China high tariff nations, vows to establish fair system

While the memorandum did not specify the countries on which the US would impose higher tariffs, Trump has separately mentioned that high tariffs would be slapped

Canada's Freeland hopeful, lays out plan to fight Trump's tariff threats

Chrystia Freeland, the former finance minister who is running to replace Justin Trudeau as Canada's prime minister, said Monday Canada needs to release a retaliation list of goods the country would target if US President Donald Trump makes good on his threat to slap 25 per cent tariffs on Canadian goods. A list of products worth 200 billion Canadian dollars (USD 139 billion) would send a message to US exporters about the harm tariffs would cause them, Freeland said in a statement. Being smart means retaliating where it hurts, she said. Our counterpunch must be dollar-for-dollar and it must be precisely and painfully targeted: Florida orange growers, Wisconsin dairy farmers, Michigan dishwasher manufacturers, and much more." Now is the moment when Canada must make clear to Americans the specific costs that will accompany any tariff measures by the Trump administration. Trump has said he will use economic coercion to pressure Canada to become the nation's 51st state. He continues to

Weighing 10% tariff threat on China, says Trump a day after taking office

Trump during his campaign pledged sweeping tariffs against other nations, including levies of 60 per cent on Chinese products

Global companies likely to be affected by Donald Trump's promised tariffs

Here are companies that may be affected

Oil prices fall as traders digest Trump tariff reprieve, stronger dollar

Brent crude futures were down $1.52, or 1.9 per cent, at $78.63 per barrel at 1406 GMT. US West Texas Intermediate crude futures were down by $2.14, or 2.8 per cent, at $75.74

Mexico, EU revamp trade deal before Trump takes office with tariff threats

Mexico and the European Union on Friday announced a revamped trade agreement that they said would substantially increase trade and investment, days before the inauguration of US President-elect Donald Trump, who has threatened to slap sweeping tariffs on Mexico and other trading partners. The new Global Trade Agreement between Mexico and the 27-nation bloc would reduce Mexican tariffs of agri-food imports from Europe, remove a number of barriers that would allow European companies to more easily invest in Mexico and boost Mexican exports of raw materials like fluorspar (used in electronics) as well as antimony, copper, zinc and lead. The updated deal, which first entered into force 25 years ago, also seeks to facilitate strategic cooperation on key geopolitical issues, the European Union said in a statement. We have entered a new era in our strategic partnership with Mexico today. Our upgraded agreement shows the EU and Mexico united for freer trade and an open global economy," said

Plan for Mexico truck factory ongoing despite US tariff threat: Volvo CEO

The maker of Volvo and Mack semi-trucks has targeted growth in North America, which accounts for about 30 per cent of company revenue

Shooting itself in the foot - again: This trade barrier hurts India more

The real problem with India's trade policy lies in a seemingly innocent administrative procedure that doesn't sound half as dangerous as tariffs

India doing sector-wise analysis amid Trump tariff threat: Report

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

India charges lot of tariff: Trump as he threatens to impose reciprocal tax

US President-elect Donald Trump has reiterated his intention to impose reciprocal tariffs in retaliation for the high tariff imposed by New Delhi on import of certain American products. Reciprocal. If they tax us, we tax them the same amount. They tax us. We tax them. And they tax us. Almost in all cases, they're taxing us, and we haven't been taxing them, Trump told reporters on Monday. He made the remarks while responding to a question on a potential trade agreement with China. Trump said India and Brazil were among countries that impose high tariffs on certain US products. The word reciprocal is important because if somebody charges us India, we don't have to talk about our own if India charges us 100 per cent, do we charge them nothing for the same? You know, they send in a bicycle and we send them a bicycle. They charge us 100 and 200. India charges a lot. Brazil charges a lot. If they want to charge us, that's fine, but we're going to charge them the same thing, Trump said a

The man who will shape 2025: Trump's tariffs and trade mirror US majority

In the realm of geopolitics, the world awaits Mr Trump's moves in respect of two hot spots, West Asia and Ukraine

Japan looks forward to talks with Trump that include cutting auto tariffs

US was Japan's biggest export destination in 2023 with cars and auto parts making up a third of shipments, according to Japan's Finance Ministry

California governor promotes trade with Mexico after Trump's tariff threats

Governor Newsom and California Attorney General Rob Bonta have emerged as prominent Democratic opponents of Trump's agenda, pledging to defend the state's liberal policies

Any US tariffs on Brics nations could impact semiconductor supply: Malaysia

Trade minister Tengku Zafrul Aziz said Malaysia was closely monitoring developments after US President-elect Donald Trump said Brics members would face 100 per cent tariffs

Trudeau told Trump US would also suffer if tariffs imposed: Canada's min

Prime Minister Justin Trudeau told Donald Trump that Americans would also suffer if the president-elect follows through on a plan to impose sweeping tariffs on Canadian products, a Canadian minister who attended their recent dinner said Monday. Trump threatened to impose tariffs on products from Canada and Mexico if they don't stop what he called the flow of drugs and migrants across their borders with the United States. He said on social media last week that he would impose a 25% tax on all products entering the U.S. from Canada and Mexico as one of his first executive orders. Canadian Public Safety Minister Dominic LeBlanc, whose responsibilities include border security, attended a dinner with Trump and Trudeau at Trump's Mar-a-Lago club on Friday. Trudeau requested the meeting in a bid to avoid the tariffs by convincing Trump that the northern border is nothing like the U.S. southern border with Mexico. "The prime minister of course spoke about the importance of protecting the .

New measures imminent after Trudeau-Trump meeting: Canada's border minister

LeBlanc was one of a handful of Canadian officials who attended the dinner with Trump and Trudeau, where the two leaders discussed a wide range of issues

Canada's Trudeau returns home after meeting Trump without tariff assurances

Canadian Prime Minister Justin Trudeau returned home Saturday after his meeting with Donald Trump without assurances the president-elect will back away from threatened tariffs on all products from the major American trading partner. Trump called the talks "productive" but signalled no retreat from a pledge that Canada says unfairly lumps it in with Mexico over the flow of drugs and migrants into the United States. After the leaders' hastily arranged dinner Friday night at Trump's Mar-a-Lago club in Florida, Trudeau spoke of "an excellent conversation." Trump said in a Truth Social post later Saturday that they discussed "many important topics that will require both Countries to work together to address." For issues in need of such cooperation, Trump cited fentanyl and the "Drug Crisis that has decimated so many lives as a result of Illegal Immigration," fair trade deals "that do not jeopardize American Workers" and the US trade deficit with its ally to the north. Trump asserted tha