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Donald Trump, on Wednesday, announced a 25 per cent tariff on Indian goods starting August 1, and criticised India’s military purchases from Russia.
Donald Trump’s tariff impact on India’s stock market: Nifty50 and BSE Sensex saw a gap down opening on Thursday after the US President imposed a 25% tariff and additional penalty on India. But the market was quick to recover losses, rising over 700 points from the day’s lows. Why is the India stock market not crashing after Trump’s tariff announcement?
President Trump on Thursday outlined tariff rates on dozens of trade partners, taking a step toward further reshaping the US trade landscape.
The US will suspend the de minimis exemption for low-value imports, under $800, for all countries of origin from the end of August, potentially affecting peak season results.
In a major diplomatic and economic development, India and the United States are poised to sign a long-anticipated interim trade agreement this week. Sources close to the negotiation table have confirmed to Times Now that the deal was finalised after months of intense deliberation between top officials from both sides, with direct oversight from Prime Minister Narendra Modi and US President Donald Trump.
US President Donald Trump announced on Saturday that starting 01.08.2025, goods imported from both Mexico and the European Union will be subject to a 30% tariff.
India responded to US President Donald Trump’s tariff threats by proposing to impose retaliatory duties on steel and aluminium, according to a notification sent to the World Trade Organization (WTO).
There has been debate over how Trump’s tariffs are often driven by various personal reasons, and not just economic ones. Trump skipped announcing the tariffs on Brazil via the letter, specifically tying the new tariffs to Bolsonaro’s ongoing trial.
United States President Donald Trump on Wednesday (July 9) announced 50% tariffs on the imports of copper in the US. Trump has also threatened to impose 200% tariffs on the imports of pharmaceuticals after a year.
Brazilian President Luiz Inacio Lula da Silva on Wednesday (local time) warned of retaliation and condemned “tutelage” after United States President Donald Trump announced a steep 50 per cent tariff on “any and all” imports from Brazil. The move, widely seen as linked to Trump’s continued support for coup-accused former Brazilian president Jair Bolsonaro, has triggered a diplomatic standoff between the two countries.