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Us Tariffs

Centre mulls lower duties, more imports to counter Trump's tariff threats

It could also reduce some import tariffs, with officials drawing up a list of likely products, such as bourbon whiskey and farm goods like pecan nuts, they said

Centre mulls lower duties, more imports to counter Trump's tariff threats
Updated On : 22 Jan 2025 | 1:13 PM IST

Dollar drifts near 2-year high as rate-cut bets fade, eyes on tariffs

The threat of tariffs along with the Federal Reserve's stated measured approach to rate cuts this year have lifted Treasury yields and the dollar

Dollar drifts near 2-year high as rate-cut bets fade, eyes on tariffs
Updated On : 14 Jan 2025 | 11:43 AM IST

Canadian ambassador warns of 'tit-for-tat' retaliation to US tariffs

Trump has threatened 25 per cent tariffs on all products from Canada and Mexico unless they address his complaints on border security

Canadian ambassador warns of 'tit-for-tat' retaliation to US tariffs
Updated On : 14 Jan 2025 | 7:27 AM IST

Canada has counter-tariffs ready if Trump launches trade war, says Trudeau

Trudeau, who said Jan 6 he'll resign as prime minister and Liberal Party leader, will remain in the country's highest political office until members of his party choose his successor on March 9

Canada has counter-tariffs ready if Trump launches trade war, says Trudeau
Updated On : 13 Jan 2025 | 7:34 AM IST

Trudeau criticises Trump's proposed US tariffs on Canadian products

Trump says he will impose 25 per cent tariffs on all Canadian imports unless Ottawa boosts border security

Trudeau criticises Trump's proposed US tariffs on Canadian products
Updated On : 10 Jan 2025 | 9:40 AM IST

Dollar falls as markets ponder proposed Trump tariffs, US data in focus

Investors have been pricing in a scenario where the implementation of widespread tariffs could boost US inflation, potentially limiting the Federal Reserve's ability to cut interest rates

Dollar falls as markets ponder proposed Trump tariffs, US data in focus
Updated On : 07 Jan 2025 | 6:09 PM IST

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

Shooting itself in the foot - again: This trade barrier hurts India more
Updated On : 02 Jan 2025 | 8:52 AM IST

China plans record $411 billion special treasury bond issuance next year

The proceeds will be targeted at boosting consumption via subsidy programmes, equipment upgrades by businesses and funding investments in innovation-driven advanced sectors

China plans record $411 billion special treasury bond issuance next year
Updated On : 24 Dec 2024 | 12:11 PM IST

US raises tariffs on Chinese solar wafers, polysilicon, tungsten imports

The Biden administration plans to raise tariffs on solar wafers, polysilicon and some tungsten products from China to protect US clean energy businesses. The notice from the US Trade Representative's office said tariffs on Chinese-made solar wafers and polysilicon will rise to 50% and duties on certain tungsten products will increase to 25%, effective on Jan. 1, following a review of Chinese trade practices. The tariff increases announced today will further blunt the harmful policies and practices by the People's Republic of China," USTR Katharine Tai said in a statement. "These actions will complement the domestic investments made under the Biden-Harris Administration to promote a clean energy economy, while increasing the resilience of critical supply chains. Last week, Washington tightened restrictions on Chinese access to advanced semiconductor technology. Beijing responded by banning exports to the US of certain critical minerals needed to make computer chips, such as gallium,

US raises tariffs on Chinese solar wafers, polysilicon, tungsten imports
Updated On : 12 Dec 2024 | 10:28 AM IST

US importers to boost shipments to record levels on tariff, strike threats

Trump's proposals for tariffs of 10 per cent to 20 per cent on all imports and a 60 per cent or more tariff on goods from China have added to retailers' anxiety

US importers to boost shipments to record levels on tariff, strike threats
Updated On : 10 Dec 2024 | 9:33 AM IST

Americans realise Trump's tariffs on Canada will make life costly: Trudeau

Canadian Prime Minister Justin Trudeau said on Monday said Americans are beginning to wake up to the real reality that tariffs on everything from Canada would make life a lot more expensive" and said he will retaliate if Donald Trump goes ahead with them. Speaking at an event put on by the Halifax Chamber of Commerce, Trudeau also said dealing with Trump will be a little more challenging than the last time because Trump's team is coming in with a much clearer set of ideas of what they want to do right away than after his first election win in 2016. The US president-elect has threatened to impose a 25 per cent tax on all products entering the US from Canada and Mexico unless they stem the flow of migrants and drugs. Trump got elected on a commitment to make life better and more affordable for Americans, and I think people south of the border are beginning to wake up to the real reality that tariffs on everything from Canada would make life a lot more expensive," Trudeau said. On the

Americans realise Trump's tariffs on Canada will make life costly: Trudeau
Updated On : 10 Dec 2024 | 8:53 AM IST

Donald Trump's plan to impose 10% tariff on China has $64 bn import hole

It might be difficult to achieve it fully because tens of billions of dollars worth of goods will probably escape those import taxes due to loopholes and undercounting

Donald Trump's plan to impose 10% tariff on China has $64 bn import hole
Updated On : 06 Dec 2024 | 7:33 AM IST

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

New measures imminent after Trudeau-Trump meeting: Canada's border minister
Updated On : 02 Dec 2024 | 8:33 AM IST

Trump's tariffs had little impact in 1st term, this time may be different

Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries. The data show they never fully delivered on his promised factory jobs. Nor did they provoke the avalanche of inflation that critics feared. This time, though, his tariff threats might be different. The president-elect is talking about going much bigger on a potential scale that creates more uncertainty about whether he'll do what he says and what the consequences could be. There's going to be a lot more tariffs, I mean, he's pretty clear, said Michael Stumo, the CEO of Coalition for a Prosperous America, a group that has supported import taxes to help domestic manufacturing. The president-elect posted on social media Monday that on his first day in office he would impose 25 per cent tariffs on all goods imported from Mexico and Canada until those countries satisfactorily stop ill

Trump's tariffs had little impact in 1st term, this time may be different
Updated On : 29 Nov 2024 | 8:32 AM IST

Mexico warns Trump tariffs may kill 400,000 US jobs, threatens retaliation

Mexican President Sheinbaum and US President-elect Trump spoke by phone later on Wednesday, with the two discussing topics at the top of Trump's agenda

Mexico warns Trump tariffs may kill 400,000 US jobs, threatens retaliation
Updated On : 28 Nov 2024 | 8:20 AM IST

Canada already examining tariffs on some US items after Trump's threat

Canada is already examining possible retaliatory tariffs on certain items from the United States should President-elect Donald Trump follow through on his threat to impose sweeping tariffs on Canadian products, a senior official has said. Trump has threatened to impose tariffs on products from Canada and Mexico if the countries don't stop what he called the flow of drugs and migrants across southern and northern borders. He said he would impose a 25 per cent tax on all products entering the US from Canada and Mexico as one of his first executive orders. A Canadian government official said on Wednesday that Canada is preparing for every eventuality and has started thinking about what items to target with tariffs in retaliation. The official stressed no decision has been made. The person spoke on condition of anonymity as they were not authorized to speak publicly. When Trump imposed higher tariffs during his first term in office, other countries responded with retaliatory tariffs of

Canada already examining tariffs on some US items after Trump's threat
Updated On : 28 Nov 2024 | 8:16 AM IST

Trump threatens tariff war on Canada, Mexico, China: Should India be wary?

President-elect Trump's tariff threats against Canada, Mexico, and China have unsettled global markets, raising questions about how these moves might impact India's trade and economic interests

Trump threatens tariff war on Canada, Mexico, China: Should India be wary?
Updated On : 26 Nov 2024 | 6:06 PM IST

Trump tests Xi Jinping's appetite to play ball with early tariff threat

Trump's gambit risks setting in motion a standoff between the world's two biggest economies following an election campaign that already brought fears over a new wave of protectionism

Trump tests Xi Jinping's appetite to play ball with early tariff threat
Updated On : 26 Nov 2024 | 2:56 PM IST

US Commerce Dept raises import tariff for Nippon Steel after review

The Commerce Department imposed a dumping margin of 29 per cent on Nippon Steel for selling hot-rolled steel in the US

US Commerce Dept raises import tariff for Nippon Steel after review
Updated On : 19 Nov 2024 | 9:05 AM IST

China to retaliate if Donald Trump boosts tariff, says ex-PBOC official

Tariffs will affect the exchange rate, it will affect China's capital flow, and also will affect how much China will buy US Treasury bills, said Zhu

China to retaliate if Donald Trump boosts tariff, says ex-PBOC official
Updated On : 16 Nov 2024 | 8:50 AM IST