US tariffs

November 15, 2025 1:58 PM

Trump drops tariffs on food imports; India’s mango and tea exports may benefit

US President Donald Trump has cut tariffs on food imports as “affordability” emerges as a potential political factor, and India’s mango, pomegranate, and tea exports may benefit. Tropical fruits and juices, tea, and spices are among the imports that will not be affected by reciprocal tariffs, the White House announced on Friday. Other items mentioned in the White House factsheet include coffee and tea, cocoa, oranges, tomatoes, and beef. Trump had previously imposed 25 per cent reciproca...

November 11, 2025 10:22 AM

Trump says US faces ‘economic disaster’ if Supreme Court rules against tariffs

U.S. President Donald Trump said on Monday the United States faced an economic and national security disaster if the Supreme Court ruled against his use of an emergency powers law to impose sweeping tariffs against nearly every country. Trump said his administration planned to issue a $2,000 payment to lower- and middle-income Americans using the tariff dividends, while using the remaining proceeds to lower U.S. debt. Trump, who has previously floated the idea of using tariff revenues to pay w...

November 2, 2025 3:06 PM

What did Trump, Xi agree to on tariffs, export controls and fentanyl

The White House on Saturday released details about the agreement that U.S. President Donald Trump reached this week with Chinese President Xi Jinping to de-escalate their countries’ trade war, including U.S. tariff reductions and a pause in Beijing's new restrictions on rare earth minerals and magnets. The deal, which also includes resumption of Chinese purchases of American soybeans, averts Trump's threatened 100% tariff on Chinese goods and extends a delicate trade truce between the world's...

October 28, 2025 9:22 AM

China and ASEAN, hit by US tariffs, sign upgraded free trade pact

The ASEAN bloc of Southeast Asian nations and China on Tuesday signed an upgrade to their free trade agreement, which includes sections on digital, the green economy and other new industries, Beijing's Commerce Ministry said. The 11-member Association of Southeast Asian Nations is China's largest trading partner, with bilateral trade totalling $771 billion last year, according to ASEAN statistics. China is seeking to intensify its engagement with ASEAN, a region with a collective gross domesti...

October 17, 2025 11:08 PM

Trump says 100% tariffs on China not sustainable, still plans to meet Xi Jinping

U.S. President Donald Trump said his proposed 100% tariff on goods from China would not be sustainable, but blamed Beijing for the latest impasse in trade talks that began with Chinese authorities tightening control over rare earth exports. Asked whether such a high tariff was sustainable and what that might do to the economy, Trump replied, "It's not sustainable, but that's what the number is." "They forced me to do that," he said in an interview with Fox Business Network that was broadcast o...

September 12, 2025 2:32 PM

‘No spillover effect from trade tension’: Defence Secretary on US tariffs

Defence Secretary Rajesh Kumar Singh on Friday said there has been “no spillover effect” from the ongoing trade tensions between India and the United States, emphasising that defence collaboration between the two countries has continued unhindered despite the imposition of 50 per cent tariffs. “On defence, there is no spillover effect from the trade tension that you mentioned. I think those trade tensions are also easing now, and we have resumed our negotiations with them. Hopefully, it w...

September 4, 2025 1:06 PM

Colonial era is now over: Putin slams Europe’s plans for sanctions on India, China

Russian President Vladimir Putin on Wednesday slammed Europe’s plan to sanction Moscow’s economic partners, including India and China, saying the move reflects a “colonial mindset” and could carry political costs for their leaders. Speaking to reporters after the SCO summit, Putin said: “You have countries like India, with almost 1.5 billion people, China, with powerful economies, but they also have their own domestic political mechanisms and laws,” he said. “So when somebody tell...

August 28, 2025 11:16 AM

Trump tariffs ‘small slice’ of Indian economy, opportunity to broaden markets: expert

Richard Rossow, a leading expert on India-US economic ties and the Chair of India and Emerging Asia Economics at the Centre for Strategic and International Studies (CSIS), has said that Washington's punitive measures would not have a considerable impact on India's growth but still present the country with a "unique opportunity" to diversify its markets and usher in major domestic reforms. "We're talking about a relatively small slice of the Indian economy. Manufacturing is only about 14 per cen...

August 26, 2025 12:57 PM

U.S. issues draft notice to implement 50% tariffs on Indian products effective August 27

The U.S. Customs and Border Protection (CBP) has issued a draft notice on the implementation of additional duties on products imported from India, following the announcement by U.S. President Donald Trump to increase tariffs on Indian goods to 50 per cent. According to the notice, the additional tariffs are being imposed to give effect to the President's Executive Order 14329 of August 6, 2025, titled "Addressing Threats to the United States by the Government of the Russian Federation." The or...

August 25, 2025 12:11 PM

50% US tariffs unlikely to significantly impact India’s growth: Analysts

As the August 27 deadline for the imposition of 25 per cent US secondary tariffs on Russian oil purchases approaches, analysts and global reports suggest that a cumulative 50 per cent tariff is unlikely to significantly derail India’s growth, thanks to robust domestic demand. Sectors such as textiles and gems and jewellery - both labour-intensive industries - are expected to face moderate pressure. However, pharmaceuticals, smartphones, and steel are relatively insulated due to exemptions, ex...