Latest Updates on Trump tariffs

India slips to third among Russian fossil fuel buyers amid sanctions

India's Russian fossil fuel imports fell sharply in December, pushing it to third place as Reliance and state refiners cut crude purchases amid sanctions and price caps

Exporters worried as Trump announces 25% tariffs on Iran's trade partners

Exporters are keeping their fingers crossed on the impact of recent announcement made by US President Donald Trump that Washington will impose additional 25 per cent duty on countries trading with Iran. The exact impact of the additional tariff will be only known after a notification is issued by the Trump administration, said exporters. Indian exporters are already reeling under the impact of the steep 50 per cent tariffs imposed by the US. Trump has announced that any country doing business with Iran will have to pay a 25 per cent tariff on its trade with Washington, a move that could impact Tehran's major trading partners such as India, China and the UAE. Exporters' body FIEO on Tuesday said domestic firms are complying with all sanctions related to trade with Iran, but a clear clarification on Trump's announcement that countries trading with Iran may face a 25 per cent tariff would help asses the impact of the warning. The announcement by Trump could impact India-Iran trade ..

Iran crisis hurting India's basmati exports, affecting mandi prices: Group

Civil unrest in 'pillar market' has disrupted payment cycles, delayed shipments and dented buyer confidence

India-Canada ties 'catching up', says Indian envoy ahead of Carney's visit

After strained ties, Canada PM Mark Carney will visit India soon as both countries aim to reset relations and expand trade amid global tariff tensions

Trump's Iran tariff vow risks derailing one-year trade truce with China

Trump's threat comes months after he clinched a pact with Chinese President Xi Jinping at a summit in South Korea that paused tariffs and gave the US access to rare earths

Trump once vowed $2,000 checks. Now he says, 'When did I say that?'

US President Donald Trump questioned his earlier promise of $2,000 checks funded by tariffs, saying payments may come later this year, not before the 2026 midterms as previously suggested

Best of BS Opinion: Fresh US tariffs could wipe out India's goods exports

Today's Best of BS Opinion covers US tariff threats linked to Russian oil, the Grok AI content debate, small finance banks' record, cracks in India's growth story, and a Cold War spy tale

Thank you, Mr Trump: Why India has changed its mind on trade deals

With the UK, EFTA deals already in the bag, EU on the way, almost every member of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade

Trump tariffs go before Supreme Court: Why $150 billion hangs in balance

This is the first time the US Supreme Court will directly rule on the legality of President Donald Trump's tariff programme

Modi didn't call Trump: Lutnick on why India-US trade deal didn't happen

US Commerce Secretary Howard Lutnick also added that the US had expected the trade deal with India to be closed before others

Rupee falls to 90.03 against the US dollar amid 500% US tariff risk

The rupee settled at 90.03 per dollar, against the previous close of 89.89 per dollar

India likely to face 500% US tariff over purchase of Russian oil

Senator Lindsey Graham said Trump has greenlit a bipartisan bill that would let the US impose steep duties on countries buying Russian oil, complicating India-US trade talks

Indian exporters risk losing US orders without January trade deal

The punitive 50 per cent US tariffs since August already hurt the exporters' order volumes in the typically busy winter and Christmas season in 2025

Why Trump's tariffs haven't derailed Southeast Asia's exports to the US

US trade data show exports from Southeast Asia to America have risen despite Donald Trump's tariffs, supported by tech demand, lower manufacturing costs and the rerouting of goods from China

Buoyant US growth in recent times: Is US President Donald Trump right?

Registering an annualised rate of real GDP growth of 4.3 per cent in Q3 2025, the US economy appeared to have grown at the fastest pace in roughly two years

Reliance denies claims of Russian crude shipments to Jamnagar refinery

Reliance Industries said its Jamnagar refinery has not received Russian crude in three weeks and expects no deliveries in January