Latest Updates on Trump tariffs

China ends developing-nation status to strengthen WTO amid Trump tariffs

China has said it would no longer seek the special treatment given to developing countries in World Trade Organisation agreements a change long demanded by the United States. Commerce Ministry officials on Wednesday said the move was an attempt to boost the global trading system at a time when it is under threat from tariff wars and protectionist moves by individual countries to restrict imports. They did not mention the United States by name or President Donald Trump's imposition of tariffs on many other countries this year, including China. The US has long argued China should give up the developing-country status because it is the world's second-largest economy. The advantages of that designation at the WTO include lower requirements to open their markets to imports and longer transition periods to implement such market-opening steps. The WTO provides a forum for global trade talks and enforces agreements but has become less effective, prompting calls for reform. The head of th

EXIM Bank boosts credit to exporters hit by tariffs, eyes Africa expansion

EXIM Bank is also offering more shorter-tenure credit and credit against future receivables to address exporters' immediate working capital needs

Rubio defends India-US bond, but warns tariffs signal stance on Russia war

Rubio made the comments in an interview with Good Morning America, stating that Trump's additional tariffs on India were part of actions taken against Russia for its war on Ukraine

China, India key funders of Ukraine war through Russian oil purchase: Trump

This is not the first time Trump has made such claims. However, New Delhi has repeatedly rejected them, emphasising that its purchases are essential for energy security

India–US trade talks resume: First since Trump's 50% tariffs; what's on agenda? | Trump tariffs

A top-level India-US delegation is set to meet in New Delhi today to discuss bilateral trade and chart a neutral roadmap. This will be the first in-person talks between the two countries since US Pres

Stock Market Highlights: Sensex, Nifty end flat as gains in PSU Banks offset losses in FMCG shares

Sensex Today | Stock Market Highlights, Sept 23: On the sectoral front, the Nifty FMCG index shed 1.3 per cent; while PSU Bank and Metal indices gained 1 per cent each on Tuesday.

World economy yet to feel full impact of Trump's tariffs, warns OECD

The full impact from an overall effective tariff rate imposed by the White House of 19.5 per cent - the highest since 1933 - has yet to be felt, officials said

Xi presses Trump to end tariffs, says Beijing open to TikTok talks

President Trump, however, suggested in a post that the two leaders had already reached an approval for the sale of TikTok's US operations

US may cut tariff to 10-15%, penal duty likely to go: CEA Nageswaran

Chief Economic Advisor V Anantha Nageswaran said, according to his intuition, the penal tariff was unlikely to continue beyond November 30

'Very close to Modi, but sanctioned India': Trump on 50 per cent tariffs

The Trump administration has imposed a 50 per cent tariff on India, including a 25 per cent punitive duty for purchasing Russian oil

Tariff issue with US may be resolved in 8-10 weeks: CEA Nageswaran

CEA V Anantha Nageswaran said India and the US could resolve their tariff dispute within 8-10 weeks, as both sides hold talks and look to improve ties

Gokaldas eyes EU growth, Africa expansion to counter Trump's tariffs

The textile manufacturer produces about 90 million garments annually, with exports to the US, Canada, the UK and France

Exports to rise 6% this year, will end year on positive note: Goyal

Commerce Minister Piyush Goyal said India's exports would grow 6% this year, despite the US' 50 per cent tariffs, adding FTAs with the EU and UAE were progressing to boost trade

Stock Market Close: Sensex rises 313 pts; Nifty at 25,330; bank, IT stocks lead

Sensex Today | Stock Market closing highlights today, September 17: In the broader market, the BSE MidCap ended up 0.08 per cent and the SmallCap finished 0.68 per cent higher

No direct impact of US tariffs on domestic industry, says steel secy

The imposition of tariffs by the US will not have a direct impact on the domestic steel industry as India's own consumption of the alloy is growing, Steel Secretary Sandeep Poundrik said on Wednesday. Besides, the exports of steel to the US is around lakh tonnes -- out of 152 million tonnes production, the senior ministry official said in a session at 'FT Live Energy Transition Summit India' in the national capital. "So, if we take direct impact on steel, it's not much because, practically speaking, we don't export much steel to the US," Poundrik said in reply to a question related to the US tariffs. Last year, India's total steel exports to the US stood at around 1,00,000 tonnes. Similarly, India does not import much steel from the US. So, the steel trade between India and the US is not very direct, he said. However, there may be some indirect impact because of the products made of steel that are traded between the two countries, Poundrik said. The domestic production of steel wa

India's exports to US dip as Trump tariffs erode competitiveness: GTRI

India's exports to the US are falling as high tariffs imposed by the Trump administration have started eroding the price competitiveness of domestic goods in Washington, think tank GTRI said on Wednesday. August shipments to the US plunged to USD 6.7 billion, down 16.3 per cent from July -- the steepest monthly fall of 2025 -- as US duties doubled to 50 per cent by month's end, it said. In July, exports dipped 3.6 per cent to USD 8 billion over June. The month of June had also seen a decline of 5.7 per cent to USD 8.3 billion over May. May 2025 was the last month of growth, as shipments to the US rose 4.8 per cent over April to USD 8.8 billion. In April, exports to the US stood at USD 8.4 billion. "The slide in exports closely tracks the rapid escalation of tariffs," Global Trade Research Initiative (GTRI) Founder Ajay Srivastava said. Until April 4, Indian goods entered the US at normal MFN (most favoured nation) rates. From April 5, Washington imposed a universal 10 per cent tar