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Tariff War Create Opportunity for India in Some of Sectors: CEA

OutlookIndia

OutlookIndia · 2m ago

Tariff War Create Opportunity for India in Some of Sectors: CEA

The ongoing tariff war, initiated by the U.S. administration, is seen as an opportunity for India in certain sectors, according to Chief Economic Adviser V Anantha Nageswaran. Addressing the CII Annual Business Meet, he noted India's benefits like low energy prices. India and the U.S. are working on a bilateral trade agreement. Despite present challenges, India seeks to leverage tariff advantages for long-term economic growth, with plans to double bilateral trade and become a $5 trillion economy by 2027-28.

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US tariff flip-flop hurts Sensex, Nifty for second week

VCCircle

VCCircle · 4m ago

US tariff flip-flop hurts Sensex, Nifty for second week

India's benchmark equity indexes, Sensex and Nifty, fell for the second week amid uncertainty from U.S. trade policy shifts under President Trump. Despite this, markets eased some losses after Trump's 90-day tariff pause, excluding China. Concerns over the U.S.-China trade war further impacted markets, with several sectors, including real estate, metals, and IT, declining. Heavyweight financials and IT stocks saw reductions, with IT firms affected by fears of a potential U.S. recession impacting earnings.

India has not been a good trading partner, says Donald Trump

Economic Times

Economic Times · 4d ago

India has not been a good trading partner, says Donald Trump

U.S. President Donald Trump criticized India as an unsuitable trading partner, planning significant tariff increases on Indian imports due to its ongoing Russian oil purchases. Trump accused India of fueling Russia's war efforts, citing high Indian tariffs as a sticking point. India, buying substantial Russian oil volumes, refuted the criticism, noting extensive U.S. and EU trade with Russia. The tariff hike could heavily impact Indian exports, with predicted declines in trade value.

Trump threatens 25% tariffs on iPhones made outside the US | TechCrunch

TechCrunch · 2m ago

Trump threatens 25% tariffs on iPhones made outside the US | TechCrunch

President Trump threatened Apple with a 25% tariff on iPhones unless it moves production to the U.S. He expressed this demand on Truth Social, highlighting Apple's efforts to shift manufacturing to India amidst the U.S.-China trade war. Trump's remarks follow Foxconn's $1.5 billion investment in India. Tim Cook indicated many iPhones sold in the U.S. will originate from India. Trump has also pressured Walmart regarding tariff costs.

UK deal will set roadmap for talks with EU, but US a different ballgame: Sunil Bharti Mittal

Economic Times

Economic Times · 16d ago

UK deal will set roadmap for talks with EU, but US a different ballgame: Sunil Bharti Mittal

The article discusses an impending trade agreement between India and the UK. Sunil Bharti Mittal, chairman of Bharti Enterprises, emphasizes the opportunity the deal presents for Indian industries, as it provides market access and tariff advantages. Mittal highlights potential benefits in high-tech and SME sectors, greater investment opportunities, and strengthened Indo-UK relations. He views this deal as a strategic advancement that can guide future negotiations with entities like the EU, contrasting it with the complexities of US trade talks.

India's exports to US could decline by $5.76B this year due to high tariffs: GTRI

YourStory

YourStory · 4m ago

India's exports to US could decline by $5.76B this year due to high tariffs: GTRI

India's merchandise exports to the US may decline by $5.76 billion in 2025 due to increased US tariffs, impacting sectors like marine items, gold, and electronics, according to GTRI. The US imposed a 26% tariff on Indian goods, with exemptions for pharmaceuticals and certain energy products. High-value items remain subject to standard tariffs. India is expected to face significant export reductions, though its competitive position in some sectors may offer slight cushioning against these losses.

India could benefit as dollar weakens, says economist Ruchir Sharma; calls 6-month market correction a 'positive'

Business Today

Business Today · 3m ago

India could benefit as dollar weakens, says economist Ruchir Sharma; calls 6-month market correction a 'positive'

Ruchir Sharma, Chairman of Rockefeller International, suggests that India might benefit from global capital movements as funds shift away from the United States. He believes the ongoing tariff war may not significantly impact India. Additionally, Sharma views a six-month market correction positively, implying potential long-term benefits for Indian markets as the weakening dollar influences global investment dynamics.

What Trump's Apple threat means for India's tariff negotiations

Economic Times

Economic Times · 2m ago

What Trump's Apple threat means for India's tariff negotiations

President Trump's tariff changes have impacted India's trade negotiations with the U.S. Despite facing a 26% tariff, India initially saw an opportunity due to higher tariffs on China and other Asian countries. However, Trump's evolving tactics, especially regarding Apple's manufacturing shift to India, have complicated matters. Trump's suggestion for Apple to produce in the U.S. adds uncertainty, yet Indian officials believe this may be a bargaining tactic rather than a definitive threat to their growing manufacturing edge.

Harsh Goenka slams Trump's tariff hike on India, says 'You can tariff our exports, but not our sovereignty'

Economic Times

Economic Times · 3d ago

Harsh Goenka slams Trump's tariff hike on India, says 'You can tariff our exports, but not our sovereignty'

Industrialist Harsh Goenka criticized the U.S. for imposing a 25% tariff on Indian goods due to India's purchase of Russian oil, asserting that while they can tariff exports, they cannot affect India's sovereignty. Goenka emphasized India's commitment to self-reliance and alternative trade strategies. The tariff increase to 50% affects sectors like textiles and leather, as India is penalized while other countries are not. India's response could influence upcoming trade negotiations.

Manufacturers in India not overly concerned with US tariffs: IT Secretary S Krishnan

Economic Times

Economic Times · 4m ago

Manufacturers in India not overly concerned with US tariffs: IT Secretary S Krishnan

Indian electronics and IT manufacturers are not overly concerned about recent US tariff hikes, though future implications depend on developments. The US imposed an additional 26% tariff on Indian goods, but tariffs are higher for competitors like Vietnam and China. Indian manufacturers maintain a competitive edge due to a focus on scale, quality, and 'Make in India' incentives. The situation is seen as an opportunity to enhance India's role in the global supply chain.

India to gain from lower US tariffs: Moody's

Economic Times

Economic Times · 1m ago

India to gain from lower US tariffs: Moody's

Moody's Ratings suggests that India could gain from lower U.S. tariffs compared to other Asia Pacific countries, potentially boosting its status as a global manufacturing hub. A free trade agreement with the UK and ongoing negotiations with the EU could further enhance India's opportunities. However, the U.S.'s initiative to reshore some manufacturing sectors might limit India's benefits. In April, the U.S. imposed a 26% reciprocal tariff on Indian goods.

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