All posts tagged: reciprocal

Investors’ wealth erodes by ₹11.30 lakh crore since reciprocal tariffs announcement; Sensex drops 2%

Investors’ wealth erodes by ₹11.30 lakh crore since reciprocal tariffs announcement; Sensex drops 2%

Published by Parlour News

Investors’ wealth eroded by ₹11.30 lakh crore since early this month, where the BSE benchmark Sensex tumbled nearly 2%, as stock markets experienced turbulence. | Photo Credit: Reuters Investors’ wealth eroded by ₹11.30 lakh crore since early this month, where the BSE benchmark Sensex tumbled nearly 2%, as stock markets experienced turbulence in recent times initially due to U.S. President Donald Trump unveiling a massive tariff plan, followed by growing concerns of a tit-for-tat trade war between China and the US. Since April 2, the BSE benchmark gauge has slumped 1,460.18 points or 1.90%. Tracking uncertainty in equities, the market capitalisation of BSE-listed firms tumbled by ₹11,30,627.09 crore to ₹4,01,67,468.51 crore ($4.66 trillion) during this period. Benchmark indices jumped nearly 2% on Friday as investors rejoiced at the 90-day suspension of additional import duties by the U.S.. Markets remained closed on two occasions, on April 10 for Shri Mahavir Jayanti and April 14 due to Dr Baba Saheb Ambedkar Jayanti. Mr. Trump unveiled a massive tariff plan in the first week of April. The White …

US reciprocal tariffs: India ‘carefully examining implications’

US reciprocal tariffs: India ‘carefully examining implications’

Published by Webster

The Department of Commerce is carefully examining the implications of the US reciprocal tariffs on India and is engaged with all stakeholders, including domestic industry and exporters to seek their feedback on the issue, an official statement said on Thursday. US President Donald Trump announced the imposition of additional tariff ranging from 10 per cent to 50 per cent on imports from all trading partners. The baseline duty of 10 per cent will be effective from April 5 and the 27 per cent from April 9.  Certain sectors including pharma, semiconductors and energy products are exempted from these duties.  The ministry also said that discussions are ongoing between Indian and US trade teams for the expeditious conclusion of a mutually beneficial, multi-sectoral Bilateral Trade Agreement. This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason …

Govt carefully examining implications of US reciprocal tariffs on India

Govt carefully examining implications of US reciprocal tariffs on India

Published by Webster

The Department of Commerce is carefully examining the implications of the US reciprocal tariffs on India and is engaged with all stakeholders, including domestic industry and exporters to seek their feedback on the issue, an official statement said on Thursday. The commerce ministry said that it is also studying the opportunities that may arise due to this new development in the US trade policy. US President Donald Trump has announced the imposition of additional ad-valorem duties ranging from 10 per cent to 50 per cent on imports from all trading partners. The baseline duty of 10 per cent will be effective from April 5 and the 27 per cent from April 9. Certain sectors are exempted from these duties include pharma, semiconductors and energy products. “The Department of Commerce is carefully examining the implications of the various measures/ announcements made by the President of the USA,” it said. It also said that discussions are ongoing between Indian and US trade teams for the expeditious conclusion of a mutually beneficial, multi-sectoral Bilateral Trade Agreement (BTA). The …

Modi govt analysing impact of Trump’s 26 per cent reciprocal tariff on India: ‘It’s mixed bag, not setback’

Modi govt analysing impact of Trump’s 26 per cent reciprocal tariff on India: ‘It’s mixed bag, not setback’

Published by Webster

Trump’s announcement comes as part of a broader effort to confront nations he believes are taking advantage of the US through trade imbalances and restrictive policies. The introduction of a 26 per cent reciprocal tariff by the US could have significant implications for India’s trade sector. Hours after US President Donald Trump announced 26 per cent reciprocal tariffs on India, a senior government official said that the commerce ministry is analysing its impact. As per the official, the universal 10 per cent tariff on all imports entering the US will be enforced from April 5, while an additional 16 per cent will take effect from April 10, bringing the total to 26 per cent. “The ministry is analysing the impact of the announced tariffs,” the official stated, while also highlighting that the Trump administration may reconsider the duties if a country successfully addresses its concerns. The development comes as India and the US are already engaged in negotiations aimed at finalising the first phase of a bilateral trade agreement by fall (September-October) this year. Despite …

Stock market opens lower after Donald Trump’s reciprocal tariff bombshell | Latest News India

Stock market opens lower after Donald Trump’s reciprocal tariff bombshell | Latest News India

Published by Parlour News

The stock market opened lower as the trading session for the day began on Thursday, April 3, after US President Donald Trump unveiled his highly anticipated reciprocal tariff plan. IT, telecom, and real estate stocks fell the most on Thursday. This comes after US President Donald Trump’s 26% reciprocal tariffs on India kicked in at 4 pm New York time on Wednesday, which is 1:30 am IST on Thursday in India.(Representational Image/Pixabay) At 9.15 am, the benchmark BSE Sensex was down by 499.45 points or 0.65 per cent, reaching 76,117.99. The broader NSE Nifty opened 125.25 points down or 0.54 per cent in the red, reaching 23,207.10. US President Donald Trump announced 26 per cent reciprocal tariffs on India on Wednesday from the White House. Also Read: Global stock markets dive as Donald Trump’s reciprocal tariffs kick in, tech hit the worst Which stocks fell the most? Among the 30 Sensex stocks, Tata Motors fell the most upon opening by 2.34 per cent, trading at ₹656.05. This was followed by Kotak Mahindra Bank, which was …

Trump slaps 26% reciprocal tariffs on India, lower than on Asian competitors China, Vietnam, Thailand & Indonesia | Business News

Trump slaps 26% reciprocal tariffs on India, lower than on Asian competitors China, Vietnam, Thailand & Indonesia | Business News

Published by Parlour News

In a move that could likely trigger a diversion of trade in favour of India, US President Donald Trump on Wednesday announced a 26 per cent reciprocal tariff on India, lower than the 34 per cent imposed on China and 46 per cent on Vietnam, both of which are among the top exporters to the US and key competitors in the American market. The White House had earlier said that reciprocal tariffs would go into effect immediately. Tariffs on India were also lower than those on several Asian peers, including 36 per cent on Thailand and 32 per cent on Indonesia—countries that have received significant investment from China and are increasingly integrating with the Chinese supply chain. Story continues below this ad However, the tariffs imposed on India were higher than the 24 per cent duty on Japan, 25 per cent on South Korea, 24 per cent on Malaysia, 20 per cent on the European Union, and 10% on the UK. Notably, Trump announced 32 per cent tariffs on Taiwan, a key chip manufacturing centre. …

Donald Trump Announces 26% “Discounted Reciprocal Tariff” On India

Donald Trump Announces 26% “Discounted Reciprocal Tariff” On India

Published by Webster

Washington: US President Donald Trump has announced significant reciprocal tariffs on India and China, but said he is being kind on them by charging roughly “half of what they charge us”. Calling these as “discounted reciprocal tariffs”, President Trump said the US will charge an import duty of 26 per cent on India and 34 per cent on China. Speaking about India, President Trump described tariffs by New Delhi as “very very tough”. He went on to say that “Their Prime Minister (Narendra Modi) just left (US recently)…he is a great friend of mine, but I said to him that ‘you’re a friend of mine, but you’ve not been treating us right’. India charges us 52 per cent, so we will charge them half of that – 26 per cent.” The President also announced a 20 per cent levy on imports from the European Union and 10 per cent from the UK – two of the main trade partners and allies of the United States. On Japan too, he levied a 24 per cent tariff. …

Trump reciprocal tariffs chart: China tops list, India and EU over 20% – Check here

Trump reciprocal tariffs chart: China tops list, India and EU over 20% – Check here

Published by Parlour News

Apr 03, 2025 02:30 AM IST Donald Trump revealed a chart with revised US tariffs for its major trade partners, including India, China and the European Union. President Donald Trump revealed a chart with revised US tariffs for its major trade partners, including India, China and the European Union. One of the highest rates tariff rates of 49% will be levied on all Cambodian imports, according to the charts from the White House. Trump revealed a revised tariffs chart on Wednesday(AFP) During his speech from the White House Rose Garden, Trump said that he is ‘finally putting America first’. “Today we’re standing up for the American worker, and we are finally putting America first,” the president said. “We truly can be very wealthy. We can be so much wealthier than any country, it’s not even believable, but we’re getting smart,” Trump said. News / World News / US News / Trump reciprocal tariffs chart: China tops list, India and EU over 20% – Check here See Less Disclaimer: We do not own any of the …

Reciprocal tariffs that President Trump will announce today will go into effect immediately, says White House

Reciprocal tariffs that President Trump will announce today will go into effect immediately, says White House

Published by Webster

While speaking to reporters, Trump stated that hat he’d “settled” on a plan for sweeping new tariffs to be announced midweek, catching some White House officials by surprise. The White House in a statement confirmed that the reciprocal tariffs that President Donald Trump will announce on April 2 will go into effect immediately and auto tariffs will proceed as scheduled on April 3. While speaking to reporters, White House Press Secretary Karoline Leavitt said that President Donald Trump is spending Tuesday “perfecting” a tariff strategy alongside his trade advisors. Even as many details remain unknown, perhaps even to Trump himself, the administration’s “Liberation Day” trade policy announcement is expected to be the most aggressive tariff move yet by the most tariff-obsessed president in modern history, CNN reported. Trump is meeting with his trade team on Tuesday, and the tariffs he announces at a Rose Garden ceremony at 4 pm ET Wednesday will go into effect “immediately,” White House Press Secretary Karoline Leavitt said at a press briefing. While speaking to reporters on Sunday, Trump stated, …

Donald Trump’s reciprocal tariffs from April 2. What’s in store for India, other countries?

Donald Trump’s reciprocal tariffs from April 2. What’s in store for India, other countries?

Published by Parlour News

Having repeatedly described April 2 as ‘Liberation Day’, US President Donald Trump has promised to roll out from Wednesday reciprocal tariffs or taxes on imports from other countries, saying that it would free America from depending foreign goods. US president Donald Trump has argued that these tariffs will protect American industries from any unfair competition.(Bloomberg) Donald Trump said that he will impose “reciprocal” tariffs to match the duty rates other countries have imposed on US products, a report from The Associated Press said. White House press secretary Karoline Leavitt, however, on Monday said that the president will reveal his plans to impose reciprocal tariffs on all of US’ trading partners will elapse on Wednesday. She added that whether details of the tariffs be revealed, that depends on Trump himself. Ever since he returned to office for a second term in January this year, Trump has constantly proved to be aggressive with tariff threats. Why reciprocal tariffs? The Republic leader has argued that tariffs will protect American industries from any unfair competition, raise money for the …