'Reciprocal tariff to impact pharma, textiles sectors most’
1 week, 3 days ago

'Reciprocal tariff to impact pharma, textiles sectors most’

New Indian Express  

With $87.4 billion, of the $322-billion merchandise exports in 2024, coming from the US alone, which has threatened to slap 25% duties on our shipments from April 2, is our largest trading partner with 27% of all exports. Of this, domestic companies have shipped goods worth $87.4 billion to the US, up 4.5% from 2023, while we imported goods worth $41.8 billion, up 3.4% from them, taking the bilateral trade to close to $130 billion. Amidst this rising uncertainty, the Export and Import Bank of India has held discussions with exporters and also provided their inputs to the commerce ministry on the potential impact of the duty hikes on our exports, which will be significant, Deepali Agrawal, deputy managing director, Exim Bank, tells TNIE’s Benn Kochuveedan. We have given our inputs to the government on the impact of the reciprocal tariffs that the US will be imposing on our goods from April 2.

Impact Capital Exports Billion Export Goods Tariff Our Exports Exim Bank Our Goods  textiles  pharma  reciprocal  bank  capital  sectors  fiscal  exports  export  impact  tariff  tariffs  trade  goods  billion

History of this topic

Countries can avoid Trump's April tariffs by cutting trade barriers, Bessent says
1 day, 3 hours ago

Countries can avoid Trump's April tariffs by cutting trade barriers, Bessent says

The Hindu  

The Trump administration on April 2 will give trading partner countries a proposed U.S. tariff rate based on their own rates, non-tariff trade barriers and other factors— along with an opportunity to negotiate to avoid a "tariff wall," U.S. Treasury Secretary Scott Bessent said on Tuesday. "On April 2, each country will receive a number that we believe represents their …

Trade war: How best to brace for the return of ‘beggar thy neighbour’ policies
1 week, 3 days ago

Trade war: How best to brace for the return of ‘beggar thy neighbour’ policies

Live Mint  

The word ‘tariff’ traces its origin to the Arabic word ‘ arrafa,’ meaning notify. That’s because in an inter-dependent world, higher tariffs attract retaliatory levies and in an overall sense restrict trade among nations. The ‘almost fully free-trade world’ of the last 40-50 years functioned reasonably well with low levels of tariffs across the board. Imposing tariffs on Mexico and …

Businesses scramble to contain fallout from Trump’s tariffs on Canada, China, Mexico
Top News
2 weeks, 1 day ago

Businesses scramble to contain fallout from Trump’s tariffs on Canada, China, Mexico

Live Mint  

Washington, A Minnesota farmer worries about the price of fertilizer. Businesses knew that Trump's import taxes tariffs on America's biggest trading partners were scheduled to take effect Tuesday. Indeed, Mexico has already taken steps to address the ostensible grievances behind Trump's Tuesday tariffs — the flow of illicit drugs and immigrants — including sending 10,000 troops to the border. “The …

Businesses scramble to contain fallout from Trump's tariffs on Canada, China and Mexico
Top News
2 weeks, 1 day ago

Businesses scramble to contain fallout from Trump's tariffs on Canada, China and Mexico

Hindustan Times  

A Minnesota farmer worries about the price of fertilizer. Businesses scramble to contain fallout from Trump's tariffs on Canada, China and Mexico Businesses knew that Trump’s import taxes tariffs on America’s biggest trading partners were scheduled to take effect Tuesday. Indeed, Mexico has already taken steps to address the ostensible grievances behind Trump’s Tuesday tariffs — the flow of illicit …

Piyush Goyal heads to US on a ‘sudden’ trip amid chatter around Trump’s reciprocal tariffs
2 weeks, 3 days ago

Piyush Goyal heads to US on a ‘sudden’ trip amid chatter around Trump’s reciprocal tariffs

Firstpost  

Trump’s proposal to impose reciprocal tariffs from early April on trading partners including India is worrying Indian exporters in sectors ranging autos to agriculture, with Citi Research analysts estimating potential losses at about $7 billion a year India’s trade minister Piyush Goyal started on a trip to the United States on Monday to pursue trade talks, two government officials said, …

The way to counter reciprocal tariffs
3 weeks, 1 day ago

The way to counter reciprocal tariffs

New Indian Express  

Indian manufacturing, already in a vulnerable position, is likely to be severely affected by US President Donald Trump’s reciprocal tariffs. With the US being India’s largest export partner, Trump’s reciprocal tariffs will likely have far-reaching consequences. The US administration’s plans to impose tariffs on steel, aluminium, pharmaceuticals, textiles and certain electronics will significantly challenge Indian exports to America. With the …

Trump prepares matching tariffs on trade partners, possibly setting up a major economic showdown
Top News
1 month, 1 week ago

Trump prepares matching tariffs on trade partners, possibly setting up a major economic showdown

India TV News  

After taking over the office of the US Presidency, Donald Trump is taking additional action to upset the world trade system, with plans to sign an order this week that would require that US tariffs on imports match the tax rates charged by other countries. But when Tuesday passed without the tariffs being officially announced, Trump was not specific on …

Letters to The Editor — February 5, 2025
1 month, 2 weeks ago

Letters to The Editor — February 5, 2025

The Hindu  

Trump and tariffs United States President Donald Trump’s tariff buffers can impact a number of sectors of export from India to the U.S. R. Narayanan, Navi Mumbai When China has trade relations with many countries beyond American shores, and is edging past the U.S. as a dominant global player in crucial areas including AI, Mr. Trump needs to treat China …

Opinion | The trade war will do America more harm than good
5 years, 9 months ago

Opinion | The trade war will do America more harm than good

Live Mint  

The biggest risks facing the world economy today stem from the escalating trade war between the United States and China. In 2018, the US exported goods worth $120.3 billion to China—a substantial amount, but dwarfed by the $539.5 billion of goods that it imported from China. And while firing the latest salvo on 10 May, when the US hiked tariffs …

US-China trade war escalates as both sides announce new tariffs
6 years, 6 months ago

US-China trade war escalates as both sides announce new tariffs

Al Jazeera  

Tariffs have now been slapped on $50bn worth of imports since trade war between United States and China began in July. The United States and China imposed more tariffs on billions of dollars worth of each other’s products on Thursday in the latest escalation in a trade war between the world’s two largest economies. Tariff war China’s foreign ministry said …

Trade war begins as China strikes back against US over tariffs
6 years, 8 months ago

Trade war begins as China strikes back against US over tariffs

Al Jazeera  

US tariffs on $34bn worth of Chinese imports take effect as China imposes countermeasures against American goods. A trade war broke out between the world’s two largest economies, after China struck back on Friday with its own set of tariffs on American goods, shortly after the US levied $34bn of duties on Chinese imports. The ministry called the US actions …

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