Tariff | DD News

October 22, 2025 9:44 AM

Trump says he wants to be “nice” to China, but slaps 155% tariffs from Nov 1

US President Donald Trump on Tuesday (local time) stated that Washington would continue with their plans to impose a 155 per cent tariff on Chinese goods imported into the US beginning November 1, despite expressing his desire to maintain amicable ties with Beijing. Responding to a question by ANI if tariffs would be considered on China, as it is still Russia's largest oil importer, the US President said, "Right now, as of November 1st, China will have about 155 per cent tariffs put on it. I do...

September 30, 2025 12:29 PM

Trump says US to impose 100% tariff on movies made outside the country

President Donald Trump said on Monday he would impose a 100% tariff on all films produced overseas that are then sent into the U.S., repeating a threat made in May that would upend Hollywood's global business model. The step signals Trump's willingness to extend protectionist trade policies into cultural industries, raising uncertainty for studios that depend heavily on cross-border co-productions and international box-office revenue. "Our movie making business has been stolen from the United ...

August 1, 2025 3:58 PM

Trump issues executive order formalising India’s tariff at 25 percent

As the deadline for tariffs neared, US President Donald Trump imposed the threatened tariff of 25 per cent on India starting Friday as the prolonged negotiations appeared to have stalled. His executive order, issued late Thursday, did not include penalty tariffs on buying Russian energy or for BRICS membership, which he had also threatened. When Trump initially threatened the 25 per cent tariff, India said it “will take all steps necessary to secure our national interest”. In the order se...

July 31, 2025 9:10 AM

US President Trump confirms India-US trade talks continue despite 25 per cent tariff threat

President Donald Trump has said that India and the US were still negotiating a trade deal despite his threat to impose a 25 per cent tariff, and a final decision may be known by the end of the week. "We're talking to India now, we'll see what happens," he said on Wednesday, hours after he had threatened the 25 per cent tariffs and the 100 per cent penalty for buyers of Russian energy he had proposed. He said that India, which he asserted has one of the highest tariffs in the world, was now "wil...

July 28, 2025 11:56 AM

US, China to launch new talks on tariff truce extension, easing path for Trump-Xi meeting

Top U.S. and Chinese economic officials will resume talks in Stockholm on Monday to try to tackle longstanding economic disputes at the centre of a trade war between the world's top two economies, aiming to extend a truce by three months and keeping sharply higher tariffs at bay. China is facing an August 12 deadline to reach a durable tariff agreement with President Donald Trump's administration, after Beijing and Washington reached preliminary deals in May and June to end weeks of escalating ...

July 9, 2025 9:25 AM

Trump says BRICS nations to get 10% tariff ‘pretty soon’

U.S. President Donald Trump said on Tuesday the U.S. would "pretty soon" charge a 10% tariff on imports from BRICS countries, drawing another complaintfrom Brazil PresidentLuiz Inacio Lula da Silva, who just hosted the bloc's annual summit. Trump, who raised the tariff threat on Sunday, said in a Tuesday cabinet meeting at the White House that the duty was on the way: "Anybody that's in BRICS is getting a 10% charge pretty soon ... If they're a member of BRICS, they're going to ...

July 7, 2025 12:07 PM

Trump says US nears trade deals as tariff deadline delayed

The United States is close to finalizing several trade pacts in coming days and will notify other countries of higher tariff rates by July 9, President Donald Trump said on Sunday, with the higher rates set to take effect on August 1. Since taking office, Trump has set off a global trade war that has roiled financial markets and sent policymakers scrambling to protect their economies, through efforts such as deals with the United States and other countries. In April Trump unveiled a base tarif...

July 4, 2025 12:48 PM

Trump eyes simple tariff rates over complex talks, says letters going out Friday

President Donald Trump said Washington will start sending letters to countries on Friday specifying what tariff rates they will face on imports to the United States, a clear shift from earlier pledges to strike scores of individual deals. Acknowledging the complexity of negotiating with over 170 nations, Trump told reporters before departing for Iowa on Thursday that the letters will be sent to 10 countries at a time, laying out tariff rates such as 20% to 30%. "We have more than 170 countries...

June 27, 2025 9:31 AM

Nike plans to reduce reliance on China production for US market to soften tariff blow

Nike said it would cut its reliance on production in China for the U.S. market to mitigate the impact from U.S. tariffs on imports, and forecast a smaller-than-expected drop in first-quarter revenue, sending its shares up 11% in extended trading. U.S. President Donald Trump's sweeping tariffs on imports from key trading partners could add around $1 billion to Nike's costs, company executives said on a post-earnings call after the sportswear giant topped estimates for fourth-quarter results. Ch...

April 9, 2025 10:48 AM

RBI revises FY25-26 GDP growth estimate to 6.5% amid tariff hurdles

India's real GDP growth forecast has been revised downwards to 6.5% for the current financial year 2025-26, from the earlier expectation of 6.7%, as highlighted by Reserve Bank of India (RBI) Governor Sanjay Malhotra during the policy announcement on Wednesday. The Governor noted that this growth projection follows a strong performance of 9.2% recorded in the previous financial year, 2024-25, as per figures released by the Ministry of Statistics and Programme Implementation (MOSPI). He said, "...