"us-tariffs"

US President Donald Trump’s 50 per cent tariffs on Canadian imports have intensified the trade war, affecting USD 20 billion in goods. Canada plans dollar-for-dollar retaliation from September 8, while experts warn the escalating dispute could raise costs for businesses and consumers

Canadian Prime Minister Mark Carney announced dollar-for-dollar tariffs on $20 billion of US goods from September 8 after trade talks collapsed. He criticised Washington’s last-minute demands, warned about CUSMA’s future and said Canada’s economy is becoming stronger and less dependent on America

Industry leaders and healthcare experts said the proposed US tariffs on imported generic medicines should push India's pharmaceutical sector to diversify export markets, boost innovation and strengthen resilient supply chains while ensuring affordable medicines remain accessible to patients worldwide

The US has imposed a 10 per cent tariff on imports from India and 16 other countries under new forced labour enforcement measures. Washington reduced India's proposed tariff after New Delhi amended its foreign trade policy to prohibit imports produced using forced labour

US President Donald Trump announced phased tariffs on imported generic medicines, keeping them at zero until 2028 before raising them to 100 and 200 per cent. The policy aims to boost domestic manufacturing and could significantly affect India's pharmaceutical exports

Piyush Goyal said India negotiated with the European Union to reopen seafood export opportunities after steep US tariffs affected shipments. The move helped restore market access for Indian fisheries and boosted seafood exports despite global trade uncertainties

Indian markets in Mumbai will track US tariff developments, GDP data and February F&O expiry for direction. After a rebound in BSE Sensex and Nifty 50, analysts expect volatility amid global trade and macroeconomic cues

Cuba has postponed its annual Habanos cigar fair indefinitely due to severe fuel shortages and nationwide blackouts linked to a US oil embargo, affecting cultural events and daily life. No new date for the famed festival has been announced

India has safeguarded sensitive agriculture and dairy sectors in the US trade deal, while Washington reduces tariffs on Indian goods from 50% to 18%. Labour-intensive sectors like apparel, footwear, and jewellery are set to benefit, with a joint statement to be issued soon

Nobel laureate Abhijit Banerjee called the India-EU free trade agreement a strategic alignment signaling reduced dependence on the US but cautioned that efficiency, logistics, and supply-chain improvements are crucial for India to fully benefit from the pact

US President Donald Trump has threatened to impose tariffs on eight European nations for opposing American control of Greenland, escalating tensions with NATO allies as protests erupt in Greenland and Denmark warns against further strain on the alliance

US President Donald Trump praised Prime Minister Narendra Modi for reducing India’s Russian oil purchases, claiming tariff pressure prompted the shift, while Senator Lindsey Graham said the move weakens Russia’s war effort and shows tariffs work.

Finance Minister Nirmala Sitharaman said global trade is increasingly being "weaponised" through tariffs and other measures. She emphasized India must negotiate carefully, leveraging its economic strength to safeguard domestic industries amid rising international protectionism

Japan’s economy contracted 1.8% annualised in July–September, dragged down by US tariffs on exports. Quarter-on-quarter GDP fell 0.4%, with exports down 1.2%. Imports slipped 0.1% and private consumption edged up 0.1%. Political uncertainty eased after a new prime minister.

Tata Technologies CEO Warren Harris said the steep US H-1B visa fee hike will not affect the company immediately, due to its locally staffed global model. He expects future resourcing shifts, while aerospace growth offsets tariff-related automotive slowdowns, boosting quarterly performance

US President Donald Trump claimed India has stopped buying Russian oil and reiterated his role in mediating India-Pakistan hostilities. India clarified it is diversifying energy sourcing, while Washington’s tariffs on Indian goods continue to strain bilateral ties.

China has criticized the US decision to impose 100% tariffs on Chinese goods, calling it a case of “double standards.” Beijing said its rare-earth export controls were lawful and vowed to continue implementing them in a “prudential and moderate manner.”

Trump will impose steep tariffs on drugs, furniture, trucks and cabinets from October 1, citing national security. Economists warn the move could drive inflation higher and strain healthcare costs, while exemptions may apply to firms expanding U.S. manufacturing.

Chief Economic Advisor V Anantha Nageswaran said India and the US are likely to resolve their tariff stalemate within 8–10 weeks. Talks are underway to cut reciprocal duties, while both sides intensify efforts toward a mutually beneficial trade agreement

Andhra Pradesh CM N Chandrababu Naidu said US tariffs have cost the state’s shrimp sector Rs 25,000 crore, with 50 per cent export orders cancelled. He urged the Centre to provide financial relief, boost domestic seafood consumption, and strengthen cold-chain infrastructure