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Searched Tag: trade tariff
US Treasury Secretary Scott Bessent. (File photo)

'Accept US terms or face duties', Bessent tells trade partners

July 7, 2025, 02:19 PM - 3 min read

US Treasury Secretary Scott Bessent has warned nations to accept trade terms set by Washington or face reciprocal tariffs as early as August, targeting 18 key economies.

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President of the United States of America, Donald Trump. (File photo)

Trump threatens 10% extra tariff on nations ‘aligning’ with BRICS

July 7, 2025, 08:48 AM - 3 min read

Donald Trump said on Sunday that nations siding with BRICS' “anti‑American policies” will face an extra 10 percent US tariff, stoking trade tensions after the bloc's summit in Rio.

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US President Donald Trump and Chinese President Xi Jinping. (File photo)

US raises China tariffs to 125%, pauses duties elsewhere

April 10, 2025, 09:03 AM - 3 min read

US President Donald Trump paused tariffs on dozens of trade partners amid investor panic, but hiked duties on Chinese goods to 125%, blaming Beijing for its “lack of respect” towards global markets. The move has reignited tensions in the escalating US–China trade war.

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US president Donald Trump and Chinese President Xi Jinping. File photo.

China hits back at US with 34 per cent tariffs

April 4, 2025, 04:22 PM - 1 min read

China filed a lawsuit with the World Trade Organisation following the US slapping of "reciprocal tariffs" on trading partners, the report said.

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US markets lose $2 trillion after Trump tariff shock

April 4, 2025, 01:15 PM - 3 min read

Global markets plunged on Thursday, with US stocks losing nearly $2 trillion in value after President Trump unveiled new tariffs. The Dow fell by 1,679 points and the S&P 500 saw its worst day since 2020.

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Representative image.

China imposes retaliatory tariffs on key Canadian exports

March 8, 2025, 04:18 PM - 3 min read

China has announced retaliatory tariffs on Canadian agricultural products in response to Ottawa’s trade measures on Chinese goods. The move, which includes 100 per cent tariffs on rapeseed oil and peas, has further escalated global trade tensions, with the US, Canada, and China imposing reciprocal trade barriers.

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US President Donald Trump delivers a speech to a joint session of Congress. (Image:X)

US to impose trade tariffs on India starting April 2: Trump

March 5, 2025, 09:57 AM - 6 min read

US President Donald Trump, in a speech to a joint session of Congress, criticised India’s import duties and announced reciprocal tariffs from April 2. He also took aim at tariffs imposed by the EU, China, Brazil, and Mexico, asserting that the US has been “ripped off for decades.”

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Representational image.

Indian tariffs WTO compliant; Govt should convey to US: GTRI

March 2, 2025, 02:47 PM - 3 min read

The US may push India to open government procurement to American firms, reduce agricultural subsidies, weaken patent protections by allowing evergreening, and remove restrictions on data flows, it said, adding India has resisted these demands for decades and is still not prepared to accept.

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Indian Prime Minister Narendra Modi with US President Donald Trump at the White House during his recent visit.

'Getting ready' to impose tariffs on India, China: Trump

February 23, 2025, 10:10 AM - 3 min read

US President Donald Trump has reiterated plans to impose reciprocal tariffs on countries like India and China, arguing that trade should be fair and equal. His remarks come just hours before his bilateral meeting with Prime Minister Narendra Modi, where economic ties and trade policies are likely to be key discussion points.

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 United States President Donald Trump. Image: X

Trump’s 25 pc tariff hike may hit Indian drug makers

February 21, 2025, 12:12 PM - 3 min read

The list of medicines imported into the US includes some of the critical life-saving drugs which could severely put an additional burden on the pockets of US consumers.

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US President Donald Trump. Image: X

Trump trade conflict casts shadow on tech sector

February 20, 2025, 06:07 PM - 3 min read

Some elements, like Lithium, are usually mentioned along with rare earth elements, because they are also critical for the tech sector. Without them, cell phones wouldn't vibrate and computer hard drives wouldn't operate. They're used in wind turbines, electric cars and other industries the US has sought to develop.

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SBI says US tariffs will have limited effect on India exports.

India to face minimal impact from US reciprocal tariffs: SBI

February 17, 2025, 04:10 PM - 5 min read

The United States’ proposed reciprocal tariffs on India’s exports are expected to have only a minimal impact, according to the State Bank of India (SBI).

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