All posts tagged: Trump reciprocal tariffs

‘Studying Developments’: Centre’s First Response After US Top Court Strikes Down Trump’s Tariffs | India News

‘Studying Developments’: Centre’s First Response After US Top Court Strikes Down Trump’s Tariffs | India News

Published by Webster

Last Updated:February 21, 2026, 16:44 IST The Commerce Ministry said it was studying all developments in the US, from the court’s decisions to Trump’s new round of tariffs, to analyse their implications. Union Commerce Minister Piyush Goyal | ANI Image In its first response to the US Supreme Court’s verdict to strike down the reciprocal tariffs imposed by Donald Trump, the Central government of India said it is studying all developments, from the court’s judgment to Trump’s following remarks, to analyse their implications. “We have noted the US Supreme Court judgement on tariffs yesterday. President Trump has also addressed a press conference in that regard. Some steps have been announced by the US Administration. We are studying all these developments for their implications,” the Ministry of Commerce wrote in an official statement. This came after the US Supreme Court dealt a major blow to the Trump administration by ruling that it did not have the legal authority to impose sweeping global tariffs under emergency powers. Earlier today, Union Minister Prahlad Joshi on Saturday said the …

Amid Trump Tariffs, S Jaishankar, US Counterpart Push For “Early Trade Deal”

Amid Trump Tariffs, S Jaishankar, US Counterpart Push For “Early Trade Deal”

Published by Webster

New Delhi: India likes to do things differently. While the world has been struggling to get back on its feet after US President Donald Trump pulled the rug from underneath, with his reciprocal tariffs announcement, some nations, like China and Canada retaliated shortly after, with tit-for-tat tariffs. While China countered the US’ 34 per cent with the same figure, Canada mirrored the US by announcing a 45 per cent levy on the automobile sector. Several other nations reached out to Washington in order to renegotiate its own tariffs in order to evade Trump’s reciprocal move. India took a different route. It said it will not retaliate to US’ 26 per cent tariff announcement, nor will it reduce the tariffs it already imposes on America. Instead, New Delhi reportedly plans to absorb, adjust, and rework the trading dynamic in a way that President Trump’s reciprocal tariffs will have a minimal impact on Indian exporters. At the same time, both nations are accelerating trade talks to put in place a “win-win” trade deal. Even before Donald Trump …

Trump’s Extra 50% Tariff Threat To China, Unless It Complies In 24 Hours

Trump’s Extra 50% Tariff Threat To China, Unless It Complies In 24 Hours

Published by Webster

Washington: Donald Trump has announced an additional 50 per cent tariff on China less than 48 hours after Beijing announced a tit-for-tat 34 per cent tariff on the United States, which Trump had declared two days earlier as part of his reciprocal tariff order. This now takes US’ tariff on all Chinese goods to an all-time high of 84 per cent as the US-China trade war escalates. This is over and above a 10 per cent global tariff, which the White House has said, applies to all nations worldwide, taking China’s tally of Trump’s tariffs to a staggering 94 per cent. Though President Trump gave China’s Xi Jinping a 24-hour window of opportunity to roll-back or “withdraw” the additional tariff he has imposed against the US, failing which, Chinese goods will face this revised 94 per cent tariff in total. President Trump made the announcement at around 11:30 am (US time – 9 pm India time). Citing his earlier “warning” to “tariff abuser” China, he shared a post on his social media platform Truth Social, …

Russia Rattled As Oil Plummets To Over Trump Tariffs

Russia Rattled As Oil Plummets To $52 Over Trump Tariffs

Published by Webster

New Delhi: Russia, whose economy is heavily dependent on oil, energy, and mineral exports to the world, is staring at a crisis should oil prices continue to plummet the way they are currently. Moscow has sounded the alarm as oil prices dropped to as low as $60 per barrel on Monday. Russia’s Urals Oil dipped further – nearly reaching $50 per barrel as the oil markets faced extreme turbulence. The reason – Donald Trump’s reciprocal tariffs, which have sent global markets, including that of oil, into a free fall. To add to the misery, China, the world’s second-largest economy, also announced retaliatory measures to target Washington. The oil and gas sector is the largest contributor of cash flow in the Russian federal budget. In March alone, the revenue from the key sector fell by more than 17 per cent compared to the same month a year ago. This is before April’s unending downward spiral after Trump’s tariff order. Responding to a question on falling oil prices and its impact on the Russian economy, Kremlin spokesman …

How Trump’s Tariffs Are Crushing Apple’s ‘Make In India’ Dream

How Trump’s Tariffs Are Crushing Apple’s ‘Make In India’ Dream

Published by Webster

India’s quest to become a major iPhone manufacturing hub has encountered a significant obstacle. The US has imposed “reciprocal tariffs” on over 180 countries, including India, which has been slapped with a 26% tariff. Although this rate is lower than China’s 54% and Vietnam’s 46%, Indian officials are still concerned about the impact on the country’s electronics manufacturing sector. The US is India’s largest trading partner, accounting for 18% of total goods exports. The 26% tariff could severely affect electronics shipments, profitability, and supply chains. Per a Doordarshan news report, Ashok Chandak, President of the Indian Electronics and Semiconductor Association (IESA), stated that the tariff regime poses a significant challenge to India’s exports.  “The 26 per cent tariffs imposed by the US present a significant challenge to India’s exports… While India is better positioned than many other economies, these tariffs can potentially impact domestic industries, disrupt trade flows, and squeeze profit margins”, he said. Apple, which has relocated 15% of its iPhone production to India, is likely to be affected by the tariffs. The company …

‘Nowhere on Earth is safe’: Trump imposes 10% tariffs on island inhabited ‘only by penguins’ | World News

‘Nowhere on Earth is safe’: Trump imposes 10% tariffs on island inhabited ‘only by penguins’ | World News

Published by Parlour News

When US President Donald Trump stepped up to the White House Rose Garden podium to announce what he called “Liberation Day tariffs,” he announced that the ‘Great America’ has been ‘looted, pillaged, raped and plundered by nations’ for years. However, it was a unimaginable that even uninhabited islands with only ‘penguins’ would find themselves on the receiving end of his new trade policy for being the ‘culprits’. Heard Island and McDonald Islands, a group of remote, barren, volcanic islands in the sub-Antarctic Indian Ocean—despite the fact that no one lives there, got included in a baseline 10 per cent tariff imposed on all trade partners. According to Axios, the islands were added to the tariff list simply because they are Australian territory. During his speech, Trump presented a chart outlining the affected countries and territories, while printed sheets distributed to reporters claimed that Heard and McDonald Islands already impose a 10 per cent “tariff to the USA” due to “currency manipulation and trade barriers.” The US, in turn, implemented “discounted reciprocal tariffs” at the same …

Trump’s complete tariff list: Which countries are affected and by how much

Trump’s complete tariff list: Which countries are affected and by how much

Published by Parlour News

Apr 03, 2025 03:40 AM IST Trump announced reciprocal tariffs on several countries on Wednesday. See complete list of reciprocal tariffs by country. US President Donald Trump announced reciprocal tariffs on several countries, imposing a 34% tariff on goods from China, a 20% tariff on goods from the European Union, and a 10% tariff on goods from the United Kingdom. A 3D-printed miniature model of U.S. President Donald Trump, U.S. Flag and word “Tariffs” are seen in this illustration taken, April 2, 2025. (REUTERS) “We subsidise a lot of countries and keep them going and keep them in business. Why are we doing this? I mean, at what point do we say you got to work for yourselves. This is why we have the big deficits. This is why we have that, amount of debt that’s been placed on our heads over the last number of years, and we’re really not taking it anymore,” he said. Trump added, “In the face of unrelenting economic warfare, the United States can no longer continue with a policy …

India eyes tariff cut on billion of U.S. imports, to shield billion in exports, say sources

India eyes tariff cut on $23 billion of U.S. imports, to shield $66 billion in exports, say sources

Published by Parlour News

A file image is used for representational purpose only. | Photo Credit: Reuters India is open to cutting tariffs on more than half of U.S. imports worth $23 billion in the first phase of a trade deal the two nations are negotiating, two government sources with knowledge of the matter said, the biggest cut in years, aimed at fending off reciprocal tariffs. Mitigate tariff impact The South Asian nation wants to mitigate the impact of U.S. President Donald Trump’s reciprocal worldwide tariffs set to take effect from April 2, a threat that has disrupted markets and sent policymakers scrambling, even among Western allies. In an internal analysis, New Delhi estimated such reciprocal tariffs would hit 87% of its total exports to the U.S. worth $66 billion, two government sources with knowledge of the matter told Reuters. Under the deal, India is open to reducing tariffs on 55% of U.S. goods it imports that are now subject to tariffs ranging from 5% to 30%, said both sources, who sought anonymity as they were not authorised to speak …

Delhi hopes for some tariff easing as it works on US trade agreement | Business News

Delhi hopes for some tariff easing as it works on US trade agreement | Business News

Published by Parlour News

As India and the US prepare to work on the contours of a bilateral trade agreement (BTA), New Delhi hopes to secure concessions on the sweeping tariffs announced by US President Donald Trump, such as the 25 per cent tariff on all steel and aluminium, as well as reciprocal tariffs that could impact India’s exports to the US. “All tariff announcements coming from the US will be addressed in the trade forum, where both countries have agreed to sign a trade deal and increase trade to $500 billion (by 2030). Negotiators from both countries will discuss a roadmap on how to move forward, including (on tariffs) being announced in the US,” a government official said in response to India’s strategy to tackle the 25 per cent tariffs on aluminium and steel. On reciprocal tariffs, where the US has announced plans to match high tariffs in the partner country, including India, the official said that New Delhi is awaiting clarity on its impact as the US Commerce Secretary is expected to get back with details by …