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The US administration will raise tariffs on Indian imports to 50% from Wednesday, targeting India over continued Russian oil purchases, sparking concerns in markets and raising trade tensions.
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Postal services in Australia, Switzerland, India, and several European countries have temporarily halted shipments to the United States following new customs and tariff rules, including the removal of the $800 de minimis exemption for low-value parcels.
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Canada will remove counter-tariffs on US goods covered by CUSMA starting September 1, following discussions between PM Carney and President Trump. Tariffs on steel, aluminum, and autos remain as both countries work to resolve trade issues.
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Jefferies has advised clients to buy Indian stocks, predicting Donald Trump will reverse his tariff stance. Analyst Christopher Wood highlighted India as Asia’s best long-term structural story, despite high valuations, while warning Trump’s policies could push BRICS nations toward de-dollarisation
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President Donald Trump indicated that the US may not enforce secondary tariffs on countries, including India, purchasing Russian oil. The warning follows earlier US tariff measures, while India maintains that targeting it is unjustified and will safeguard its national interests.
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Uddhav Thackeray lashed out at the Modi government over rising US tariffs, alleged foreign policy failures, and ties with Pakistan and China. He questioned the PM’s silence on key issues and accused the BJP of weakening democracy and ignoring national crises
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US tariffs on Indian exports, set to take effect August 7, will have a minimal GDP impact of 0.19%, affecting $8.1 billion in trade, says PHDCCI. The think tank has outlined a four-pronged plan to manage the fallout.
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Tesla shares dropped 8% on Thursday after CEO Elon Musk admitted the company could face a “few rough quarters” amid its pivot from car sales to autonomous ride services. The EV maker posted a 12% revenue decline and 16% fall in profits for the quarter.
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An Indian delegation has reached Washington to hold a fresh round of talks on the Bilateral Trade Agreement (BTA) with the US, focusing on agriculture, automobiles, and tariffs. The four-day discussions are expected to shape a potential interim deal
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EU leaders condemned US President Trump's surprise tariffs on EU exports, warning of inflation, disrupted supply chains, and economic fallout. Officials promised proportionate countermeasures if negotiations with Washington fail.
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President Donald Trump has imposed new tariffs on imports from Japan, South Korea, and 10 other nations, effective August 1. The move has sparked diplomatic pushback, legal challenges, and market jitters as trade negotiations remain unresolved and uncertainty looms
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Toy Association of India has identified about 40 firms with potential to export to US market while meeting the compliance requirements
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China's trade surplus with the United States was $27.6 billion in March as its exports rose 4.5 per cent
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Trump announced the revised levies in a post on Truth Social on Wednesday midday as the markets were in tumult for another day over the tariffs, this time with the sell-off treasury bonds
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Trump's higher import tax rates on dozens of countries and territories took hold at midnight
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"The Government of the Republic of Namibia has taken note of the US government's recent reciprocal tariff imposed on African countries, which includes 21 per cent tariffs on Namibia," the Ministry of International Relations and Trade said in a statement.
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Trump discussed the US' relationship with India. Asked about his summit with Prime Minister Narendra Modi last month, Trump said he has a “very good relationship” with India
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Move likely to trigger a broader economic confrontation with allies and rivals alike as the US President hopes to eliminate any trade imbalances
