US TRADE POLICIES
Trump goes all in with bet that the heavy price of tariffs will pay off for Americans
President Trump announces new tariffs on imports, betting on a protectionist strategy to revive U.S. manufacturing despite backlash. Democrats see his moves as an opportunity, feeling energized by recent wins. Republicans express mixed reviews while financial markets suffer, showing potential challenges for Trump's economic plans.
Tariffs stir talks: India, Vietnam and Israel hustle for deals with team Trump
India, Vietnam, and Israel engage in talks with the US after new tariffs are imposed. Vietnam aims to reduce its tariffs on US goods to zero, while Israel anticipates discussions on a 17% tariff. Negotiations signal potential trade policy adjustments under the new measures.
Factories under threat, Southeast Asian countries look to court Trump to ease the pain
Southeast Asian nations like Vietnam, Thailand, and Cambodia are opting to negotiate rather than retaliate against President Trump’s new tariffs—ranging from 10% to 50%—to preserve their vital U.S. export access. Vietnam, heavily impacted with a 46% tariff, is actively seeking a deal, while Cambodia and Indonesia have offered concessions and talks.
Why did Donald Trump levy the most enormous tariff on this tiny African kingdom Lesotho — All about it
President Donald Trump has imposed a record 50% tariff on goods from Lesotho, a small African nation heavily reliant on U.S. trade.
Grouchy America, crouching China
China reacted to US tariffs by imposing a 34% tariff on US imports, risking inflationary and economic impacts on both nations. The ongoing trade war could lead to a global recession, with the EU and emerging economies taking measures to protect their markets from Chinese oversupply and potential US influence.
Did Donald Trump use ChatGPT to create Liberation Day tariffs plan? Here's what reports state as many say AI is running the country
Claims have emerged that the Trump administration used AI chatbot ChatGPT to compute tariff rates. The tariffs, allegedly computed using a simplistic formula involving the US trade deficit and imports, sparked controversy and speculation, with political commentators and experts criticizing the method. Questions about AI's role in significant policy decisions have been raised.
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Trump signals possible tariff deal with Vietnam after 'productive' call
US President Donald Trump discussed reducing tariffs with Vietnam's top leader during a call, signaling potential trade negotiations. Vietnam, heavily impacted by the tariffs, seeks to cut them to zero. Companies like Nike and Nintendo are assessing the impact on their operations due to these higher tariffs.
Trump tariffs are ‘disaster’ for the world’s poorest countries
US President Trump's new reciprocal tariffs will heavily impact some of the world's poorest countries, with rates up to 50%. These tariffs could undermine their labor-intensive export industries, pushing these nations to seek markets in Europe, Japan, and Australia. US aid cuts and China's growing influence exacerbate the situation.
Higher US tariffs on rival manufacturing hubs can open up opportunities for India: MAIT
The US is imposing 26 per cent tariffs on India, which may create challenges; however, India's relative advantage over competing nations like China, Vietnam, and Thailand, facing higher levies, could increase its appeal in global supply chains. This could favour India's role in electronics and IT hardware manufacturing.
Trump’s tariff hikes signal impoverishment day, not liberation day: Chris Wood of Jefferies
Jefferies’ Chris Wood criticizes Trump’s sweeping new tariffs, calling April 2 “an impoverishment day.” With steep levies on key Asian economies, analysts warn of global trade shocks, retaliatory moves, and economic instability amid a weakening US dollar and rising protectionism.
Trump seeks 'phenomenal offers' he can't refuse from countries for tariff negotiations
US President Donald Trump indicated willingness to negotiate tariffs for favorable trade deals. He enacted a minimum 10% tariff on US imports, with higher rates for countries like India and China. Trump views tariffs as a bargaining tool, and India may benefit by aligning more closely with US trade and security policies.
Trump's tariff tactics: How US trade policies could affect global economy
With U.S. President Donald Trump enforcing new tariffs, future aggressive methods could be used to modify global trade. Tactics could include weakening the dollar, leveraging the Federal Reserve's foreign bank swap lines, and exploiting credit card firms Visa and Mastercard. European responses may include imposing tariffs or limiting U.S. banks' access to the EU.
Tariffs will lead to bilateralism: Experts
The Trump administration's reciprocal tariff policy may drive affected nations towards bilateral trade deals and exploring global supply chain realignment. While negotiations with the US are likely in the short term, medium-to-long term trade talks would become necessary if the US does not adjust its course, potentially fostering closer trade coordination between the EU, China, and others.
ET Analysis: India must leverage US President’s tariff flexibility clause
India has a unique advantage in negotiating a favorable trade deal with the US amidst Trump's new tariff policies. With early talks already underway and strategic convergence in several sectors, India can avoid harsh tariffs. However, it must reassess non-tariff barriers and guard against Chinese goods dumping to maximize benefits and maintain competitiveness.
Global goods trade volume may fall 1% on Trump effect: WTO
New US tariffs could reduce global merchandise trade volumes by around 1% this year, says the World Trade Organization. WTO director-general Ngozi Okonjo-Iweala warns of potential tariff war and economic fallout. The share of global trade under most-favoured-nation terms has decreased from 80% to 74% since the beginning of the year.
India to follow wait and watch approach on US tariffs; not to act in hurry: Sources
India plans to carefully observe the impact of new US import duties on global trade rather than acting hastily. Government sources highlight that while some Indian export sectors may face challenges, others could benefit as competitors encounter higher tariffs. The commerce ministry is currently analyzing potential impacts and engaging with stakeholders.
Raghuram Rajan eyes opportunity in Trump’s 27% tariffs on India’s trade
Former RBI Governor Raghuram Rajan suggests India could turn US President Trump's 27% tariffs into a strategic opportunity by reducing its own tariffs. As India navigates a protectionist global landscape, it aims to leverage the situation in ongoing trade negotiations with the US, potentially benefiting sectors like energy and defense.
Trump's 27% tariff, not 26%, may boost India's textile, semiconductor sectors over Asian peers: GTRI
The U.S. has imposed higher tariffs on China, Vietnam, Thailand, and Bangladesh, creating an opportunity for India in global trade, says GTRI’s Ajay Srivastava. India faces a 25% tariff on steel and autos, 27% on most goods, but none on pharmaceuticals or semiconductors. Lower tariffs boost India’s competitiveness in textiles, electronics, and semiconductors, attracting investments.
US' reciprocal tariffs may be higher for India & many others than what Trump presented to the world
The U.S. has slightly raised reciprocal tariffs on India and 13 other nations, increasing India's rate to 27%. Key Indian exports like electronics and gems face major impacts, while pharmaceuticals and energy are exempt. India sees opportunities in textiles and steel as U.S. tariffs on China rise. Talks on reducing trade barriers with the U.S. are ongoing.
Commerce Ministry responds to Trump's 27% tariff, says 'India to remain in touch with US'
India's Commerce and Trade Ministry states it will maintain communication with the US after President Trump announced a 27% tariff on Indian imports. They are also examining potential opportunities that may arise from this policy shift. This move is a response to the higher tariffs India has been imposing on US goods.
Donald Trump confirms 25% auto tariffs on all foreign made automobiles
President Donald Trump announced a new wave of tariffs concentrated on the auto industry, including a 25% levy on fully assembled cars and auto parts from India. These tariffs, part of Trump's "Fair and Reciprocal Plan," are expected to significantly impact India's auto sector, potentially leading to a $31 billion loss in exports.
India not so badly impacted by US tariffs, says ASSOCHAM president Sanjay Nayar
India is less impacted by the US tariffs announced by President Trump, says ASSOCHAM president Sanjay Nayar. With a 26% tariff, India fares better than China (34%) and Vietnam (46%). Pharma remains exempt, reducing the impact. Nayar predicts an intra-Asia trade realignment and urges India to improve efficiency and expand US market access.
US tariffs will depend on the type of goods and country of origin: GTRI
The new U.S. trade policy sets tariffs based on product type and origin. Essential goods like pharmaceuticals and energy products face zero tariffs. Industrial goods like steel and autos get a 25% tariff. A 10% baseline tariff begins April 5, 2025, with country-specific rates from April 9. India may face up to 27% tariffs.
What is the latest update on Trump 2.0 tariffs? Here's a detailed list
Explore the latest U.S. tariff developments under the Trump administration, including new policies on Venezuelan oil, EU responses, and ongoing trade investigations.
Dirty 15: These countries may face the wrath of Donald Trump's tariffs; here's what could happen next
US President Donald Trump plans to introduce significant changes in trade policy with "reciprocal tariffs" targeting countries with high tariffs on US goods. Set to be announced on April 2, the policy could affect up to 15 nations including China, the EU, and Mexico. The move aims to address the US's substantial trade deficits.
Congress MP Renuka Chowdhury moves suspension of business notice to discuss US tariffs on India
Congress MP Renuka Chowdhury moved a suspension of business notice in Rajya Sabha to discuss the impact of new US tariffs on India, effective April 2, 2025. She criticized the government's undefined policy and highlighted the risks to industries like IT, textiles, and pharmaceuticals, which could affect jobs and economic stability.
PwC suggests IDEA framework for Indian companies to navigate US tariff uncertainties
PwC introduces the IDEA Framework for Indian businesses to handle US reciprocal tariffs. This involves investing in technology, diversifying export markets, expressing concerns to the government, and staying aware of changing trade policies. The framework aims to enhance resilience and leverage opportunities amid evolving global trade dynamics.
Ahead of April 2 tariff deadline, White House says 'time for reciprocity, won’t forget India’s 100% duties on farm goods'
The White House has criticised India's high tariffs on American agricultural products, with Press Secretary Karoline Leavitt calling them "virtually impossible" for US exporters to overcome. As President Trump prepares to roll out reciprocal tariffs on 2 April, the move signals a sharp escalation in trade tensions. While India has offered concessions on select farm imports, it remains protective of its agricultural sector, citing food security and livelihoods. The battle over tariffs is more than just a trade dispute—it’s a fight over economic priorities.
India must firmly assess each demand of US through lens of its national priorities: GTRI
India must critically evaluate US trade demands based on its own national goals, asserts think tank GTRI. Proposed changes in agriculture, digital governance, and public health could jeopardize food safety, small farmers, and data security. USTR's report emphasizes various trade disputes, with major areas of contention being tariffs, dairy import restrictions, and data localization rules.
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