tariff

Donald Trump hinted at reducing the 145% tariffs on Chinese imports, acknowledging their unsustainability while insisting on a trade deal. This shift follows financial market turmoil, Chinese retaliation, and domestic pressures from businesses and consumers. Treasury Secretary Bessent's warnings and internal political tensions also influenced Trump's softened stance, though he maintained tariffs wouldn't return to zero.

To mitigate the impact of potential tariffs, market diversification strategies are essential. Indian pharmaceutical firms can explore opportunities in regions such as Europe, Africa, and Latin America, focusing on high-margin products while optimizing their supply chains.

A Boeing 737 MAX, destined for Xiamen Airlines, is returning to the US. This follows another jet's similar return. The US-China trade war, with increased tariffs, disrupts Boeing's delivery plans. China's retaliatory tariffs impact the financial viability for Chinese airlines. Beijing considers measures to support airlines leasing Boeing jets. Uncertainty surrounds aircraft deliveries, potentially delaying them.

China expressed readiness for trade talks, stating "the door for talks is wide open" amid escalating tariff tensions. President Trump hinted that US tariffs on Chinese goods could “come down substantially.” Despite no formal negotiations yet, both sides signaled openness. Markets responded positively, reflecting cautious optimism about easing trade hostilities.

The U.S. reciprocal tariffs on China are set to cause major disruptions to global supply chains, forcing American companies to explore alternative suppliers. Electronics is one of the key sectors for India to gain with India's exports valued at nearly USD 14 Bn.

US President Trump indicated that the high tariffs on Chinese imports, currently at 145%, will be reduced substantially, emphasising that the previous zero-tariff situation was detrimental to the US. Treasury Secretary Bessent acknowledged the unsustainability of the current trade standoff, while the White House claims many countries are interested in new trade arrangements.

President Trump issued a warning to trade partners on Easter, listing alleged "non-tariff cheating" practices like currency manipulation and counterfeiting. He also revived a claim about Japan's "bowling ball test" for vehicles. This post follows a 90-day suspension of reciprocal tariffs for most US trade allies, excluding China, with ongoing discussions between the two nations.

Amidst escalating tariffs imposed by the Trump administration, Amazon is navigating challenges to shield consumers from rising costs. CEO Andy Jassy acknowledges the strain on businesses, anticipating price increases from third-party sellers. Amazon is strategically mitigating impact through bulk purchases and renegotiated contracts, while observing early signs of consumer stockpiling in response to expected price hikes.

China has strongly condemned growing US pressure on its trading partners, pledging to retaliate against actions harming its interests. Washington is reportedly urging allies to reduce trade with Beijing for tariff exemptions, which China views as coercive. Beijing insists on equality in trade talks and warns against protectionism, emphasizing its resolve to defend its rights amidst escalating tariffs.

China has issued a stern warning against countries entering trade agreements with the U.S. at Beijing's expense, threatening countermeasures. This follows reports of potential U.S. tariff exemptions for nations limiting trade with China.

The US has informed the WTO that its steel and aluminium tariffs were imposed for national security, not as a safeguard measure, challenging India's complaint. India argues the tariffs are essentially safeguards, requiring WTO notifications and consultations. The US maintains it acted under a national security statute, shielding the move from WTO scrutiny.

The IMF's April 2025 World Economic Outlook revised India's 2025 GDP growth to 6.2%, down from the previously projected 6.5%, due to increased trade tensions and global uncertainty stemming from US tariff policies.

US President Donald Trump announced that the United States and China are engaged in discussions regarding tariffs, expressing optimism about reaching a deal to resolve the ongoing trade war. Talks have occurred since the US increased tariffs on China, following Beijing's response to earlier levies.

The Trump administration initiated investigations into computer chips, semiconductor equipment, and pharmaceuticals imports under Section 232, citing national security concerns. These probes aim to assess the US's reliance on foreign sources and the impact of outsourcing, particularly from Taiwan and South Korea. Targeted tariffs on these sectors are being considered to encourage domestic production and reduce dependence on foreign nations.

Donald Trump proposed tariffs as a potential replacement for the federal income tax, citing historical precedents from the late 19th century. He suggested tariffs could fund initiatives like eliminating taxes on tips and Social Security. Trump also lauded El Salvador's anti-crime measures and considered sending violent American criminals there.

Donald Trump engaged directly in trade discussions with Japanese officials. This happened amidst worries about tariffs. Shigeru Ishiba noted constructive talks. Trump aims to finalize deals as China expands its influence. tariffs sparked market panic and recession fears. China's Xi Jinping promotes his country as a reliable trade partner. Trump faces domestic pressure to resolve tariff issues.

Amidst global economic turmoil triggered by Donald Trump's presidential tariffs, Conor McGregor has voiced his support for the US President, diverging from the Irish government's stance. McGregor, eyeing a presidential run in Ireland, believes the tariffs could benefit the nation if managed correctly. He criticizes the Irish government's hypocrisy regarding tariffs and emphasizes his desire for Ireland's economic prosperity.

Jeffrey Sachs has strongly criticized Donald Trump's trade policies, deeming them "delusional" and economically damaging. Sachs estimates a $10 trillion loss in global wealth due to Trump's strategies, highlighting the president's misunderstanding of trade deficits and his imposition of tariffs based on flawed logic. He also points to automation, not trade, as the primary cause of manufacturing job losses.

Japan seeks quick resolution to US tariffs as profits decline. Economic Revitalisation Minister Ryosei Akazawa will negotiate in Washington this week. He aims to review Trump's tariffs. Japanese firms are major US investors. Vehicles form a large part of Japan's exports to the US. Prime Minister Shigeru Ishiba discussed the tariff impact with Singapore's Prime Minister Lawrence Wong.