US tariffs News

President Trump started the investigations, under the authority of the Trade Expansion Act of 1962, to impose tariffs on various categories of goods in efforts to boost domestic manufacturing and punish countries deemed to be taking advantage of the United States.

Global markets brace for impact as US President Donald Trump and his Chinese counterpart Xi Jinping arrive in Seoul with rare earths, tariffs and tech supremacy all hanging by a single meeting.

Over recent months, India and the US have been negotiating an interim trade deal, during which the Indian side raised concerns over Washington’s push to further open India’s agricultural and dairy sectors. These sectors are considered crucial for India, as they provide livelihoods to millions.

 In his detailed analysis Why Russia’s War Economy Is Stronger Than You Think (Money & Macro, October 17, 2025), Dutch economist Dr. Joeri Schasfoort argues that this resilience is not accidental. It arises from deliberate adaptation: a transformation of Russia’s economy from a market-driven system into a centrally managed machine designed for war.  

The revenue drop would be despite a moderate improvement in domestic demand following the rationalisation of GST besides other favourable macro-economic factors such as lower income taxes, benign inflation, and low interest rates, according to the report from ratings agency CRISIL Ratings.

Trump claims trade and tariffs prevented a nuclear war between India and Pakistan, but experts and officials question his version of events.

Brazilian President announces unprecedented partnership with India, promising business booms, tech breakthroughs and record trade growth, building on Vice President Alckmin’s successful India visit.

Union Commerce Minister Piyush Goyal recently said that discussions on the proposed India-US bilateral trade agreement are progressing rapidly and in a positive atmosphere. At present, Indian equity indices are trading at all-time highs. If both countries announce a bilateral trade agreement, the market could witness a fresh rally.

Former Australian PM Tony Abbott described the 50% tariff on Indian goods as a temporary setback and expressed hope that the issue could be resolved quickly. 

Filmmaker Rajkumar Hirani addressed the proposed 100% U.S. tariff on foreign films, saying there's currently no clarity on the policy or its impact on the Indian film industry.

A key US ally has overtaken India in buying Russian crude oil products used across industries from semiconductors to plastics and synthetic fibres.

He acknowledged that American farmers are being "hurt" by China's decision not to purchase soybeans, a move he claims is driven solely by “negotiating” tactics, and promised financial assistance using revenue collected from tariffs.

In a strongly worded official statement, the MEA rebuked Rutte for asserting that Prime Minister Narendra Modi had directly spoken with Russian President Vladimir Putin regarding the matter.

Analysts at the broking firm said that markets have recently consolidated with remarkable resilience amid rising geopolitical tensions and tariff developments, indicating a healthy retracement within a longer-term uptrend.  

US President Donald Trump’s controversial tariff policies could land him and his administration in hot water. The Federal Court ruling, if upheld by the Supreme Court, may force the U.S. government to return billions in tariff revenue.

Zelensky’s remarks came shortly after US President Donald Trump announced on Sunday that he is prepared to enter what he termed the "second stage" of sanctions against Russia, signaling a new wave of economic measures aimed at pressuring Moscow to end the ongoing conflict in Ukraine.

The Trump administration has slapped a 25 per cent punitive tariff on India for buying Russian oil, in addition to an existing 25 per cent base rate. This 50 per cent duty is among the steepest in Asia, leaving Indian goods at a disadvantage compared to competitors like Vietnam, South Korea, and Bangladesh.

The Russian leader argued that the true reason behind many of these sanctions lies in growing economic imbalances between the West, particularly the United States, and other major economies like India, China, and Brazil.

Speaking during a CII conference, Piyush Goyal said that Prime Minister Narendra Modi has made it clear that the government is keen to work with the industry to solve any obstacles and is eager to hear from the businesses. 

A 50 percent tariff has been imposed on a wide range of Indian goods, including textiles, gems, jewelry, footwear, and chemicals—sectors that account for 70 percent of India’s US exports.