US tariffs

April 11, 2025 1:30 PM

“US has fundamentally changed its global engagement approach,” says EAM Jaishankar

External Affairs Minister S. Jaishankar on Friday said the United States has undergone a fundamental shift in the way it engages with the world over the past year, with technology emerging as a central driver of that transformation. Addressing the Carnegie Global Tech Summit 2025 in New Delhi, Jaishankar said: "US has fundamentally changed its approach to engaging the world, and it has consequences across every domain but the tech consequences, I believe, would be particularly profound, and it ...

April 9, 2025 5:01 PM

India aims to finalise trade deal with US by fall 2025: EAM Jaishankar

External Affairs Minister S. Jaishankar on Wednesday said that India is working towards finalizing a bilateral trade agreement (BTA) with the United States by the fall of 2025 — making it the only country to have reached such an understanding with the US under President Donald Trump’s second term. Speaking at the News18 Rising Bharat Summit in New Delhi, Jaishankar said the two nations had agreed early on to constructively engage on trade issues and aim for a comprehensive agreement. “Wha...

April 7, 2025 3:02 PM

What measures are Asian policymakers taking as market rout deepens?

Policymakers cross Asia are preparing measures to support financial markets as a rout deepened following sweeping tariffs announced by U.S. President Donald Trump that stoked widespread recession worries. Here are some of the announcements so far: CHINA China's sovereign fund Central Huijin Investment said it was increasing holdings in China stocks, and would defend market stability, as the local market tumbled amid fears a widening trade war would unleash a deep recession. It is "firmly opt...

April 6, 2025 3:23 PM

Samsung seeks ways to cushion blow from US tariffs

Tech giant Samsung Electronics may need to overhaul its global production strategy as new U.S. reciprocal tariffs could significantly impact its smartphone business, industry sources said on Sunday. Last week, U.S. President Donald Trump announced plans to impose a minimum 10 percent "baseline" tariff on all imports to the United States, along with country-specific "reciprocal" tariffs, including a 25 percent duty on goods from South Korea. The reciprocal tariffs—covering most product catego...

April 3, 2025 3:09 PM

India to review impact of US reciprocal tariffs, says MoS Finance

India will review and assess the impact of the 27 per cent reciprocal tariffs imposed by the United States, Union Minister of State for Finance Pankaj Chaudhary said on Thursday. His remarks come in response to the recent tariff hike affecting Indian exports to the US. Speaking to reporters in New Delhi, Chaudhary emphasized the differing trade priorities of the two nations. "For Donald Trump, it's America First, and for Modi ji, it's India First. We will analyze the situation, assess its impac...

April 3, 2025 2:20 PM

India gains competitive edge amid US tariffs on electronics

India has emerged as a key beneficiary in the first round of reciprocal US tariff announcements, positioning itself ahead of major electronics-exporting nations like China, Vietnam, Thailand, and Indonesia, according to industry experts. The development follows sustained diplomatic efforts by Indian negotiators and leadership. With China facing combined tariffs of up to 54-79% and Vietnam at 44%, India's relatively better tariff positioning presents a valuable window to expand its electronics e...

April 3, 2025 11:10 AM

US tariffs to vary by goods and country of origin: GTRI

The United States’ new trade policy, announced by President Donald Trump on Wednesday, will determine tariffs based on the type of goods being exported and their country of origin, according to Ajay Srivastava, founder of the Global Trade Research Initiative (GTRI). Under the new policy, certain goods will be exempt from tariffs. Essential and strategic items such as pharmaceuticals, semiconductors, copper, and energy products—including oil, gas, coal, and liquefied natural gas (LNG)—will...

March 28, 2025 4:25 PM

India least exposed to US tariffs due to domestic demand strength: Morgan Stanley

India and Japan are the least exposed economies to US trade tariffs due to their strong domestic demand, a Morgan Stanley report said on Friday. The report highlights that the ratio of goods exports to GDP is a crucial metric in assessing an economy’s trade dependence and potential exposure to global trade policies. “The ratio of goods exports to GDP is the most important metric as it determines the extent of trade orientation of an economy. This allows global research firms to assess which...

March 17, 2025 11:55 AM

Impact of US tariffs on India minimal as country diversifies exports: SBI report

The impact of US trade reciprocal tariffs on India will be minimal as the country has diversified its exports, pitched value addition, exploring alternate areas and works on new routes that transcend from Europe to the US via the Middle East, redrawing new supply chain algorithms, a new SBI Research report said on Monday. The decline in the exports is expected to be in the range of 3-3.5 per cent, which again should be negated through higher export goals across both manufacturing and services f...

March 12, 2025 12:28 PM

Trump’s steel, aluminum tariffs take effect as global trade war intensifies

President Donald Trump's increased tariffs on all U.S. steel and aluminum imports took effect on Wednesday, stepping up a campaign to reorder global trade norms in favor of the U.S. that drew swift retaliation from Europe. Trump's action to bulk up protections for American steel and aluminum producers restores effective global tariffs of 25% on all imports of the metals and extends the duties to hundreds of downstream products made from the metals, from nuts and bolts to bulldozer blades and so...