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Coimbatore's Textile, MSME Sector Seek Relief After US Tariff Hike, Cite Covid
The MSME and textile industry in Tamil Nadu's Tirupur and Coimbatore could face a wipeout, with the 50 per cent tariff imposed by Donald Trump kicking in.
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'No Cause For Panic, Trump Tariff Impact Unlikely To Be Severe': Report
There is no cause for panic, say sources, as US tariffs of 50 percent took effect Wednesday on many Indian products, doubling an existing duty as President Donald Trump sought to punish New Delhi for buying Russian oil.
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"Time To Show Understanding Of National Interest": Centre On Tariffs, Risks
The immediate impact of recent US tariffs on Indian exports may appear limited but their secondary and tertiary effects on the economy pose challenges that must be addressed, the finance ministry said in a report on Wednesday.
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Exporters' Body Calls For Loans, Short-Term Relief As Trump Tariffs Bite
The Federation of Indian Export Organisations has called for 'swift, coordinated action between industry bodies and government agencies to protect livelihoods (and) reinforce global trade links' to offset the impact of Trump's 50 per cent tariff.
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Expand Export Markets, Boost Local Demand: India's Plan For Trump Tariffs
Faced with the United States' 50 per cent tariff on exports, India has reached out to dozens of nations to up trade in key sectors like textiles and chemicals. The goal - offset a potential $48 billion loss in export of goods and services to the US.
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Trump Doubles Tariffs On Indian Imports, Raising Trade Tensions
US President Donald Trump's additional 25% tariff on Indian imports took effect on Wednesday, raising duties on some shipments to as much as 50% - among the highest imposed by Washington and on par with Brazil and China.
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As Trump Tariffs Kick In, A Look At Worst-Affected Sectors In India
Indian exports to the United States have been hit with one of the harshest trade penalties in recent history-- a 50 per cent tariff.
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India Hires 2nd Lobbying Firm In US Before Trump's Russian Oil Tariff Kicks In
Days before US President Donald Trump's punitive 50 per cent tariffs take effect on Indian exports, India's embassy in Washington has reportedly hired a second lobbying firm with close ties to the Trump administration.
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"Trump Respects India, PM Modi A Lot": US Congressman To NDTV Amid Tariff Row
US President Donald Trump "respects" India and Prime Minister Narendra Modi "a lot", US Congressman Michael Baumgartner said amid the strained ties between the two countries over soaring tariffs.
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China In "Opportunistic" Move, Pounces On Cheap Russian Oil, As Indian Demand Dips
Chinese refineries have ramped up their crude oil purchases from Russia as demand from India has weakened. Trump has threatened to impose secondary tariffs on goods from countries importing Russian oil in to pressure Moscow to end the war in Ukraine.
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Centre Makes Raw Cotton Import Duty-Free Till September 30 To Support Textile Sector
The Centre has temporarily scrapped the 11% duty on raw cotton imports until September 30, seeking to cool prices and ease cost pressures on the textile industry at a time when exporters face mounting tariff barriers abroad.
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Chinese Refiners Sweep Up Russian Oil After Indian Demand Falls: Analysts
Chinese refineries have purchased 15 cargoes of Russian oil for October and November delivery as Indian demand for Moscow's exports falls away, two analysts and one trader said on Tuesday.
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Amid US Tariffs, India Suspends Cotton Import Duties Temporarily To Aid Textile Sector
India has exempted import duties on cotton from August 19 to September 30, fulfilling the demand of industry groups who said exemptions would help make the sector more competitive.
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"Tamil Nadu Will Be Hit Harder": MK Stalin On Trump Tariffs
Tamil Nadu Chief Minister M K Stalin has written to Prime Minister Narendra Modi, warning that the steep US tariff hikes on Indian imports could deal a crippling blow to the state's export-driven economy.
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Why Trump's 50% Tariffs May Not Hurt India's Growth, S&P Rating Explains
US President Donald Trump's punitive tariffs on Indian imports will not impact India's economic growth, and its sovereign ratings outlook will remain positive, according to S&P Global Ratings Director YeeFarn Phua.
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Coimbatore's Textile, MSME Sector Seek Relief After US Tariff Hike, Cite Covid
The MSME and textile industry in Tamil Nadu's Tirupur and Coimbatore could face a wipeout, with the 50 per cent tariff imposed by Donald Trump kicking in.
-
'No Cause For Panic, Trump Tariff Impact Unlikely To Be Severe': Report
There is no cause for panic, say sources, as US tariffs of 50 percent took effect Wednesday on many Indian products, doubling an existing duty as President Donald Trump sought to punish New Delhi for buying Russian oil.
-
"Time To Show Understanding Of National Interest": Centre On Tariffs, Risks
The immediate impact of recent US tariffs on Indian exports may appear limited but their secondary and tertiary effects on the economy pose challenges that must be addressed, the finance ministry said in a report on Wednesday.
-
Exporters' Body Calls For Loans, Short-Term Relief As Trump Tariffs Bite
The Federation of Indian Export Organisations has called for 'swift, coordinated action between industry bodies and government agencies to protect livelihoods (and) reinforce global trade links' to offset the impact of Trump's 50 per cent tariff.
-
Expand Export Markets, Boost Local Demand: India's Plan For Trump Tariffs
Faced with the United States' 50 per cent tariff on exports, India has reached out to dozens of nations to up trade in key sectors like textiles and chemicals. The goal - offset a potential $48 billion loss in export of goods and services to the US.
-
Trump Doubles Tariffs On Indian Imports, Raising Trade Tensions
US President Donald Trump's additional 25% tariff on Indian imports took effect on Wednesday, raising duties on some shipments to as much as 50% - among the highest imposed by Washington and on par with Brazil and China.
-
As Trump Tariffs Kick In, A Look At Worst-Affected Sectors In India
Indian exports to the United States have been hit with one of the harshest trade penalties in recent history-- a 50 per cent tariff.
-
India Hires 2nd Lobbying Firm In US Before Trump's Russian Oil Tariff Kicks In
Days before US President Donald Trump's punitive 50 per cent tariffs take effect on Indian exports, India's embassy in Washington has reportedly hired a second lobbying firm with close ties to the Trump administration.
-
"Trump Respects India, PM Modi A Lot": US Congressman To NDTV Amid Tariff Row
US President Donald Trump "respects" India and Prime Minister Narendra Modi "a lot", US Congressman Michael Baumgartner said amid the strained ties between the two countries over soaring tariffs.
-
China In "Opportunistic" Move, Pounces On Cheap Russian Oil, As Indian Demand Dips
Chinese refineries have ramped up their crude oil purchases from Russia as demand from India has weakened. Trump has threatened to impose secondary tariffs on goods from countries importing Russian oil in to pressure Moscow to end the war in Ukraine.
-
Centre Makes Raw Cotton Import Duty-Free Till September 30 To Support Textile Sector
The Centre has temporarily scrapped the 11% duty on raw cotton imports until September 30, seeking to cool prices and ease cost pressures on the textile industry at a time when exporters face mounting tariff barriers abroad.
-
Chinese Refiners Sweep Up Russian Oil After Indian Demand Falls: Analysts
Chinese refineries have purchased 15 cargoes of Russian oil for October and November delivery as Indian demand for Moscow's exports falls away, two analysts and one trader said on Tuesday.
-
Amid US Tariffs, India Suspends Cotton Import Duties Temporarily To Aid Textile Sector
India has exempted import duties on cotton from August 19 to September 30, fulfilling the demand of industry groups who said exemptions would help make the sector more competitive.
-
"Tamil Nadu Will Be Hit Harder": MK Stalin On Trump Tariffs
Tamil Nadu Chief Minister M K Stalin has written to Prime Minister Narendra Modi, warning that the steep US tariff hikes on Indian imports could deal a crippling blow to the state's export-driven economy.
-
Why Trump's 50% Tariffs May Not Hurt India's Growth, S&P Rating Explains
US President Donald Trump's punitive tariffs on Indian imports will not impact India's economic growth, and its sovereign ratings outlook will remain positive, according to S&P Global Ratings Director YeeFarn Phua.
