Friday, March 14, 2025 | 02:56 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Page 2 - Us Tariffs

India must push 'zero for zero' strategy to address US tariffs threat: GTRI

India should propose a 'zero-for-zero' tariff strategy to the US for addressing America's proposed reciprocal tariff hikes, as it would be less harmful than negotiating a full bilateral trade agreement, economic think tank GTRI said in its report on Friday. Under this strategy, the Global Trade Research Initiative (GTRI) suggested the government identify tariff lines (or product categories) where India can eliminate import duties for American imports without harming domestic industries and agriculture. In lieu of that, the US should also remove duties on a similar number of goods. India can exclude most agriculture items from this list and to prepare it, India can refer to its Free Trade Agreement (FTA) tariff offers to Japan, Korea, and ASEAN as a starting point, it added. GTRI Founder Ajay Srivastava said this list should be discussed with the US before April, ahead of its reciprocal tariff announcement. It will be like doing a quick FTA in goods and if the US accepts, the ...

Image
Updated On : 21 Feb 2025 | 1:02 PM IST

Equity markets' pain to worsen as economy, corporate profits slow

The slide was triggered by a sharp slowdown in profit growth in India's top companies

Equity markets' pain to worsen as economy, corporate profits slow
Updated On : 20 Feb 2025 | 10:57 PM IST

EU ready to discuss lower auto tariffs with US, says bloc's trade chief

The EU commissioner said the bloc will do its "utmost" to avoid an escalatory tariff clash

EU ready to discuss lower auto tariffs with US, says bloc's trade chief
Updated On : 20 Feb 2025 | 8:59 AM IST

US reciprocal tariffs to have limited impact on Indian economy: S&P

S&P Global Ratings on Wednesday said the impact of the US reciprocal tariff will be limited on India as the economy is domestically oriented with less reliance on exports. YeeFarn Phua, Director, Sovereigns and International Public Finance Ratings, Asia-Pacific S&P Global also said India will clock a 6.7-6.8 per cent GDP growth over the next two years. He said the fiscal 2025-26 budget will boost growth for the next few years, largely by domestic demand through tax cuts for households and GDP growth is now normalising to a more "sustainable level". "The government remains very much focused on investment-led growth and also on agriculture sector reforms. However, we do think that economic expansion in India is startling to normalise towards a more sustainable level after real growth had averaged 8.3 per cent over the last three years post-pandemic. "Right now, we anticipate that consumer spending and public investments will maintain real GDP growth at around 6.7 to 6.8 per ...

US reciprocal tariffs to have limited impact on Indian economy: S&P
Updated On : 19 Feb 2025 | 1:52 PM IST

Proposed BTA talks: India hopeful US will resolve tariff concerns

New Delhi is also trying to decipher what will be the shape of the US's proposed reciprocal tariff law before drawing conclusions regarding its consistency with respect to global trade norms under WTO

Proposed BTA talks: India hopeful US will resolve tariff concerns
Updated On : 17 Feb 2025 | 10:35 PM IST

Indian steel market may see dumping due to US tariffs: JSPL chairman Jindal

Domestic steel industry needs to be on guard as countries exporting to the US may divert shipments to India after the imposition of tariffs, an industry official said on Saturday. With the tariffs announced by the US on steel and aluminium imports, countries sending shipments to America might dump products in India because of huge domestic demand, Jindal Steel and Power Ltd (JSPL) chairman Naveen Jindal said the Global Business Summit (GBS) here. "So, for that, Indian steel industry would have to be protected from unfair exports happening into India," he cautioned. US President Donald Trump has announced 25 per cent tariff on all steel and aluminium imports. Jindal said the Indian Steel Association has already filed application with the DGTR in this regard which is reviewing it. Indian steel makers have been consistently raising the issue of dumping of steel into Indian market from select group of countries which has impacted their competitiveness. The industry executive further

Indian steel market may see dumping due to US tariffs: JSPL chairman Jindal
Updated On : 15 Feb 2025 | 11:40 PM IST

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

Tariffs, trade, terrorism: PM Modi, Prez Trump discuss key India-US issues
Updated On : 14 Feb 2025 | 6:41 AM IST

Govt hopes for tariff concessions, biz deals as PM Modi meets Prez Trump

Trump, not yet one month into his presidency, has wielded the threat of tariffs against friend and foe alike to try to extract new trade deals, investment or law enforcement help

Govt hopes for tariff concessions, biz deals as PM Modi meets Prez Trump
Updated On : 13 Feb 2025 | 11:13 PM IST

Trump's tariffs have added 'a lot of cost, a lot of chaos': Ford CEO Farley

Businesses have warned of fallout from tariffs, with many manufacturing-heavy companies finding it difficult to plan next steps or determine if Trump will follow through on signaled policy moves

Trump's tariffs have added 'a lot of cost, a lot of chaos': Ford CEO Farley
Updated On : 11 Feb 2025 | 9:44 PM IST

US tariffs' scare push rupee to record low, RBI steps in to cap losses

Trump said he will introduce new 25 per cent tariffs on steel and aluminium imports into the US

US tariffs' scare push rupee to record low, RBI steps in to cap losses
Updated On : 10 Feb 2025 | 9:21 AM IST

Mexican border cities in limbo as tariff threats raise recession fears

As soon as the sun glints over miles of border fence dividing the United States and Mexico, the engines of cargo trucks packed with auto and computer parts roar to life along border bridges and bleary-eyed workers file into factories to assemble a multitude of products geared toward the US market. For more than half a century, this daily rhythm has helped fuel the heartbeat of a transnational machine that generated more than $800 billion in trade between the US and Mexico in 2024 alone. Over the past year, however, President Donald Trump's threatened 25% tariffs against Mexico and Canada have plunged manufacturing hubs all along the northern Mexican border into limbo, a state that persists despite a one-month reprieve to which Trump agreed on Monday. Tariffs would cripple Mexican border economies that are reliant on factories churning out products for the US auto parts, medical supplies, computer components, myriad electronics and likely thrust the country into a recession, econom

Mexican border cities in limbo as tariff threats raise recession fears
Updated On : 06 Feb 2025 | 1:17 PM IST

Mexico deploys first of 10K National Guard to US border after tariff threat

A line of Mexican National Guard and Army trucks rumbled along the border separating Ciudad Jurez and El Paso, Texas Wednesday, among the first of 10,000 officers Mexico has sent to its northern frontier following tariff threats by President Donald Trump. Masked and armed National Guard members picked through brush running along the border barrier on the outskirts of Ciudad Jurez, pulling out makeshift ladders and ropes tucked away in the trenches, and pulling them onto trucks. Patrols were also seen on other parts of the border near Tijuana. It comes after a turbulent week along the border after Trump announced he would delay imposing crippling tariffs on Mexico for at least a month. In exchange, Mexican President Claudia Sheinbaum promised she would send the country's National Guard to reinforce the border and crack down on fentanyl smuggling. Trump has declared an emergency on the border despite migration levels and fentanyl overdoses significantly dipping over the part year. The

Mexico deploys first of 10K National Guard to US border after tariff threat
Updated On : 06 Feb 2025 | 9:07 AM IST

World inflation at risk of rekindling with Donald Trump's trade war

In the US, a resilient labor market is keeping the Federal Reserve on alert as Trump's policies and threats drive bond yields higher

World inflation at risk of rekindling with Donald Trump's trade war
Updated On : 06 Feb 2025 | 8:28 AM IST

US postal service suspends incoming packages from China, Hong Kong

The Trump administration imposed an additional 10 per cent tariff on Chinese goods that came into effect on Tuesday

US postal service suspends incoming packages from China, Hong Kong
Updated On : 05 Feb 2025 | 12:32 PM IST

Trump's potential tariffs will only add to the pain for hard-hit Nissan

The US is the top market by vehicle sales for Nissan and bigger rivals Toyota and Honda

Trump's potential tariffs will only add to the pain for hard-hit Nissan
Updated On : 05 Feb 2025 | 11:22 AM IST

US President Donald Trump holds talks with Canadian PM Justin Trudeau

Tariffs imposed by Trump on Canada are set to take effect tomorrow

US President Donald Trump holds talks with Canadian PM Justin Trudeau
Updated On : 03 Feb 2025 | 11:32 PM IST

Taiwan to support companies in relocating to US following Trump tariffs

Taiwan, whose companies are key producers of tech products like semiconductors and electronics parts, is vulnerable given that many have factories in both Mexico and China

Taiwan to support companies in relocating to US following Trump tariffs
Updated On : 03 Feb 2025 | 11:22 AM IST

Mexico, Canada race to prevent Trump's 25% tariffs before deadline

With the clock ticking, officials were busy making their cases that they've done enough to control the border and limit fentanyl traffic to persuade the US president to stand down

Mexico, Canada race to prevent Trump's 25% tariffs before deadline
Updated On : 01 Feb 2025 | 8:30 AM IST

Gold prices hit record high as Trump tariff concerns drive demand

Gold is considered a safe investment during geopolitical turmoil and thrives in a low interest rate environment

Gold prices hit record high as Trump tariff concerns drive demand
Updated On : 31 Jan 2025 | 2:40 PM IST

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

US tariff worries may push rupee to all-time low before upcoming budget
Updated On : 31 Jan 2025 | 9:03 AM IST