WHAT IS TARIFF
Trump's 25 pc tariffs on all steel and aluminum imports go into effect
President Trump raised tariffs on all steel and aluminum imports to 25%, aiming to boost US factory jobs. He also plans reciprocal tariffs on imports from several countries. While tariffs may aid US steel and aluminum industries, they have raised prices for downstream manufacturers, leading to job losses and reduced production.
Trump vows to take back 'stolen' wealth as tariffs on steel and aluminum imports go into effect
President Trump imposed 25% tariffs on all steel and aluminum imports, aiming to reclaim wealth he claims other countries stole. Europe and Canada retaliated quickly with their own tariffs, raising concerns of a trade war and potential economic downturn. Trump argues the tariffs will boost U.S. manufacturing.
Trump’s $1.4 trillion tariff threat spurs companies to seek cover
Companies like Novo Nordisk, Boeing, and Walmart are preparing for the impacts of President Donald Trump’s tariffs. Executives are assessing the potential costs and strategising responses, with some firms planning to increase U.S. production. However, the tariffs' effects are uncertain, causing supply chain concerns and potential price increases for consumers.
Canada surrenders to Donald Trump’s pressure, reverses electricity tariffs to avoid historic financial price
Canada rescinded its 25% electricity tariff on the US following threats from President Trump. Trump warned of severe financial repercussions and proposed increasing tariffs on Canadian steel and aluminum. The US president also suggested Canada should become the 51st state to resolve tariff disputes and prevent additional tariffs on automobiles.
Draft rules issued for ports' switch to market-linked pricing
The government proposes to allow ports to switch to market-linked pricing by revising existing contracts. This move aims to enhance competition among ports, potentially leading to better pricing for users while ensuring the revenue neutrality for the Centre and consistent user experiences across terminals.
Trade War just got personal: Over 5 million American jobs at risk as China and Canada fire back with retaliatory tariffs; here are regions and counties that will be badly affected
The US-initiated trade war could impact over 5 million American jobs due to retaliatory tariffs from China and Canada. Key sectors at risk include agriculture, manufacturing, and energy industries, affecting regions like the Midwest and South. Rural areas suffer disproportionately, especially in mining and agriculture. Most affected workers are in states that supported President Trump.
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Trump tariffs: What's been done and what is to come?
US President Donald Trump has broadened his tariffs campaign to hit all steel and aluminium imports with 25-percent duties. Here is what happened this week and what' - Steel and aluminium - The 25-percent tariffs on steel and aluminium came into force on Wednesday, hitting every country that exports the metals.
Trump's 25% tariffs on all steel, aluminum imports go into effect
President Donald Trump has raised tariffs on steel and aluminum imports to 25%, removing exemptions from his 2018 tariff policy. This move aims to boost US factory jobs. The European Union and Canada have announced countermeasures, involving tariffs on various US goods. Trump believes higher tariffs will encourage companies to establish more factories in the US.
Goldman Sachs slashes U.S. economic outlook as Donald Trump’s new tariffs send shockwaves through global markets
Goldman Sachs has cut its 2025 US economic growth projection to 1.7% due to increased tariffs imposed by President Trump. With tariffs set to double, consumer prices are likely to rise, reducing purchasing power. Investment may also drop due to policy uncertainty. Inflation is expected to reach 3% this year, prompting potential rate cuts from the Federal Reserve.
Recession in 2025? Experts say Donald Trump holds the key to America’s economic future; here’s what you should know
The US economy faces potential slowdown or recession due to Trump's trade policies, which include tariffs on imports from Canada, Mexico, and China. These policies could increase prices and reduce household budgets, affecting consumers. Economists have revised growth and inflation projections, with increased concerns about a possible recession and economic uncertainty for American families.
India imposes 150 pc tariff on American alcohol, 100 pc tariff on agriculture goods: White House
The US has strongly criticised high tariffs imposed by India, Canada, and Japan on American goods. White House Press Secretary Karoline Leavitt cited India's 150% tariff on American alcohol and 100% on agricultural products, saying the US seeks fair trade. President Donald Trump also suggested further tariff hikes, accusing nations of exploiting the US for decades. Meanwhile, he claimed India had agreed to lower tariffs following increased scrutiny. Tensions over trade policies remain high as discussions continue.
Australia won't retaliate against 'unjustified' US tariffs on steel and aluminum
Australian Prime Minister Anthony Albanese called U.S. tariffs on Australian steel and aluminum unjustified but refrained from imposing reciprocal tariffs. Despite a successful exemption in 2018, Albanese emphasized that tariffs harm economic growth and inflate consumer prices. The U.S. decision was influenced by recent tensions between Donald Trump and former Australian Prime Minister Malcolm Turnbull.
Trump is doing what is good for US, but the opposition and media are putting a bad colour on it: Santosh Rao
Santosh Rao discusses how President Trump's push to level the playing field with new tariffs impacts the US economy and markets. He emphasizes that while the media amplifies fears of economic slowdown, the fundamentals are still strong. Rao believes the volatility will continue but sees potential growth in US financial and healthcare sectors.
Tariffs could hurt business, growth and earnings: Peter Cardillo
The administration's back-and-forth stance on tariffs is unsettling global markets, especially emerging ones. Tariffs could be inflationary, potentially harming business growth and future earnings. The dollar's weakness may also contribute to imported inflation. Until clear policies are in place, market uncertainty is expected to persist, affecting economic growth worldwide.
Donald Trump doubles down on tariffs; President's aggressive new tariffs could plunge three U.S states into darkness as Canada threatens power cuts
US President Trump has threatened higher tariffs on Canadian products starting April 2, 2025, retaliating to Ontario Premier Doug Ford's 25% tariffs on electricity from three US states. Ford's tariff impacts 1.5 million Americans and he vows to uphold them until Trump retracts his tariff threats, escalating tensions between the two nations.
Trump escalates U.S.-Canada trade war: Doubles tariffs on Canadian steel & aluminum to 50% after Ontario's electricity surcharge; Plans more economic measures
Trump doubles tariffs on Canadian steel and aluminum to 50%, escalating trade tensions between the U.S. and Canada. This decision comes after Ontario imposed a 25% surcharge on electricity exports to U.S. states like New York, Michigan, and Minnesota. The move has sparked reactions from Canadian officials and impacted stock markets. Businesses relying on Canadian metals now face higher costs, raising concerns about economic fallout.
US trade woes escalate: China, Canada, Mexico and Europe disputes could wreak havoc on U.S economy if not resolved within days
US president Donald Trump's trade policies and tariffs on Canada, Mexico, and China have created uncertainty among investors. This has led to significant stock market sell-offs and declining valuation in S&P 500 and Nasdaq, as per reports. Experts warn of possible economic slowdown if issues are not resolved soon. Initial investor optimism is fading, raising concerns about potential market corrections.
Expect a tumultuous market for rest of this month and first few days of April: Deepak Shenoy
Deepak Shenoy, Founder of Capital Mind, predicts market volatility in the coming month due to global tariffs on steel and aluminium. He advises investors to be cautious, watch for positive trends, and avoid rushing into investments. He highlights sector-specific opportunities and emphasizes careful stock selection rather than a blanket market approach.
US stocks fall after Donald Trump refuses to rule out possibility of recession
Amid the uncertainty caused by Donald Trump's tariff policy and comments on the possibility of a recession, American stocks markets began in the red on Monday. The Dow Jones Industrial Average dropped by 515 points. Meanwhile, the S&P 500 fell by 1.4 percent, with a 1.95 percent drop also recorded by the Nasdaq Composite index.
'We cannot let him...': Canada PM Mark Carney's eight-word warning to Trump amid tariff battle
New Canadian Prime Minister Mark Carney has issued a chilling eight-word warning to President Donald Trump as both the countries are engaged in a tariff war. Trump had imposed 25 percent tariffs on Canada, an order which has been paused for now. Trump has also time and again called for annexing Canada and has vowed to make it 51st US state.
Standing by tariffs, Donald Trump brushes off market swings
President Donald Trump has dismissed business concerns over planned tariffs on several trading partners and possible economic repercussions. Despite acknowledging potential short-term impacts on US growth, Trump maintained that his approach would ultimately benefit America. He indicated that tariffs may increase over time to ensure fair trade practices and emphasized bringing wealth back to the US.
Congress' Pawan Khera slams government over 'reducing' tariff under Trump's pressure
Congress' Pawan Khera has criticized the Modi government over Donald Trump's claim that India agreed to reduce tariffs, suggesting it was under pressure from Trump. Khera questioned the secrecy of the deal and expressed concerns about its potential impact on Indian farmers and the manufacturing sector.
Will Donald Trump’s tariffs on Canada, Mexico and China impact consumers in US?
As the trade dispute continues, the extent of its impact on American consumers and businesses remains a pressing concern.
ET Awards: India will be in better condition because of our pragmatic approach, says Minister Vaishnaw on Trump tariffs
IT and Railways Minister Ashwini Vaishnaw emphasized India's pragmatic approach and strong position in the face of geopolitical changes. Following discussions between PM Modi and Trump, India and the US aim to resolve trade issues and reach a bilateral trade worth $500 billion by 2030. Talks continue on lowering tariffs, especially in the agriculture sector.
'What has Modi government agreed to?' Jairam Ramesh questions Centre on Trump's tariff statement
Congress General Secretary Jairam Ramesh has questioned India's decision to reduce tariffs following Donald Trump's statement. With Commerce Minister Piyush Goyal in Washington, Ramesh is concerned about possible compromises affecting Indian farmers and manufacturers. This situation demands transparency from the Modi government, as it is seen as compromising national interests.
Trump says Canada, Mexico tariff reprieve is short-term move, duties may rise over time
U.S. President Donald Trump announces a temporary 25% tariff break for Canada and Mexico under the USMCA to aid automakers, effective until April 2. After this, reciprocal tariffs will equalize duty rates between the nations. Effective Wednesday, higher tariffs on steel and aluminum imports from Canada and Mexico will begin.
From Monday these U.S states will have to pay 25% more for electricity as Ontario premier Doug Ford imposes tariffs
Ontario is moving forward with a 25% tariff on electricity exported to Michigan, New York, and Minnesota, despite a temporary reprieve on US tariffs. Premier Doug Ford insists the tariff will be implemented Monday unless President Trump removes all tariff threats permanently. Additional retaliatory actions include the removal of 3,600 US products and the cancellation of significant contracts.
What is a tariff, who pays it and why does Trump favour it? A complete guide
Tariffs explained: Donald Trump has imposed new tariffs on imports from Mexico and Canada, and has doubled the levy recently put on Chinese goods. Tariffs are typically charged as a percentage of the price a buyer pays a foreign seller. In the United States, tariffs are collected by Customs and Border Protection agents at 328 ports of entry across the country.
Understanding Tariffs: Here's what they are and how they work
Tariffs are taxes on imports, typically paid by importers and passed on to consumers. While intended to protect domestic industries and can serve as political leverage, tariffs often raise costs, provoke retaliatory measures, and may not achieve the intended economic benefits. Trump's tariffs created mixed economic impacts but shaped political support in key regions.
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