TARIFF ROLLBACK IMPACT
Trump tariff refunds begin today: Gokaldas Exports, Avanti Feeds, other textile and shrimp stocks rally up to 7%
Export-oriented shrimp and textile stocks rallied up to 7% on Tuesday after the US began rolling out refunds for tariffs imposed during Donald Trump’s presidency, following a Supreme Court ruling that struck them down. Companies like Gokaldas Exports and Avanti Feeds saw strong gains as investors bet on improved US demand and stability ahead.
$166 bn Trump tariff refunds open in US, but India still has to ask for a slice
A significant reduction in US tariffs is setting the stage for a $166 billion refund wave. For Indian exporters, the potential for profit exists, but their success will depend on how well they can negotiate with American partners. Importantly, while US importers can claim refunds, it's up to Indian businesses to strategically navigate their commercial agreements to recoup expenses.
Textiles see tariff scars, exports to US drop 29% in February; China hit most
Imports from India declined 28.7% year-on-year, compared with a 16.4% fall from Bangladesh, while Vietnam recorded a 5% increase, according to data from the Office of Textiles and Apparel. Imports from China recorded the steepest decline at 45.2%, an analysis by the Confederation of Indian Textile Industries showed.
US services activity growth cools in March: Survey
March saw a slowdown in the growth of US services, influenced by escalating energy costs associated with ongoing conflicts in the Middle East. Companies faced significant hurdles due to supply chain disruptions and rising prices for vital resources such as oil, fuel, lumber, copper, and steel.
India-US trade deal may be 'rebalanced' if circumstances change, says Piyush Goyal
India's Commerce Minister Piyush Goyal stated the proposed India-US trade deal will be rebalanced if circumstances change. New Delhi will protect its economic interests as US tariff signals evolve. Discussions are ongoing. India remains confident in its export growth despite global trade headwinds. Sensitive sectors like agriculture and dairy are protected in the deal.
Trump’s uniform 15% tariff could benefit parts of Asia-Pacific: Moody’s
US President Trump's proposed 15% tariff would ease duties for some Asia-Pacific nations that had faced higher levies, while Japan and South Korea would see only minor changes. A Supreme Court ruling adds complexity to trade talks with India and Indonesia. With potential alternative tariff routes on the table, uncertainty persists and businesses should prepare for ongoing trade volatility.
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Piyush Goyal urges exporters to take advantage of FTAs
Commerce Minister Piyush Goyal has called on Indian exporters to fully utilize new Free Trade Agreements with developed nations. These pacts aim to boost exports of goods and services by providing preferential market access. Exporters are encouraged to enhance quality and competitiveness. The agreements are expected to benefit farmers, artisans, and MSMEs, while protecting key sectors like agriculture and dairy.
US tariff cut brings joy to handicraft traders, boosts export hopes
Sambhal's handicraft traders are experiencing renewed optimism following a significant reduction in US import tariffs. This move is expected to boost exports of artisanal products. The tariff cut from 50 percent to 18 percent is anticipated to revive international demand and clear suspended orders. This development signals a positive turn for the industry, promising growth and increased trade opportunities.
India didn’t blink: Key strategy that swung the US trade deal
India has finalized a trade agreement with the United States. This deal was achieved through a strategy of patience and strategic negotiation. India resisted pressure and artificial deadlines, prioritizing its national interests. This approach has now paid off, securing a balanced outcome. The agreement marks a significant achievement for India's trade policy.
Trump's tariffs: US Supreme Court decision today - what you should know
Supreme Court decision on Trump tariffs: The U.S. tariff system enters 2026 under intense legal and economic pressure. As the Supreme Court weighs the legality of "Trump 2.0" tariffs, importers are drowning in a 4,500-page regulatory maze. With over $200 billion already collected since 2025, a looming ruling on executive emergency powers could force $100 billion in immediate refunds. Businesses now navigate 17 different tariff measures, a staggering increase from just three in 2017.
RBI Right to Calm, Not Peg, the Rupee
Mounting pressure on the rupee stems from a widening trade deficit and elevated portfolio investment outflows. Market focus is on the Indo-US trade deal, which could influence dollar demand. The RBI is intervening to stabilize the exchange rate, with the rupee expected to face further pressure due to month-end import needs.
India should halt sanctioned oil imports, seek tariff relief, and fair trade talks with US: GTRI
The Global Trade Research Initiative (GTRI) has urged India to stop importing oil from sanctioned Russian firms, demand a rollback of U.S. tariffs, and resume trade talks with Washington only on fair terms. The think tank proposed a three-step plan to safeguard India’s trade interests amid ongoing negotiations for a Bilateral Trade Agreement (BTA) with the United States.
Walmart hikes annual forecast as low price focus draws shoppers
Consumer sentiment has weakened due to fears of higher inflation, hitting the bottom lines of some retail chains, but Walmart's sales have remained resilient. Its shares, however, dipped 2.3% in premarket trading.
Trump’s 50% levy is forcing Indian banks to scrutinize exporters
Indian banks are intensifying their scrutiny of loan applications from exporters, particularly concerning their exposure to the American market and strategies to mitigate the impact of US President Trump's tariffs. Lenders are assessing the financial implications of these levies on sectors like textiles and jewelry, posing more direct questions about cash flows and business continuity.
US tariffs, big beautiful bill derail Indian IT’s big shift away from BFSI
India’s IT sector faces earnings pressure as key verticals like manufacturing, life sciences, and communications see spending cuts due to global disruptions and US policy changes. While firms pivot to BFSI and retail for stability, sector-wide growth remains cautious amid regulatory, pricing, and supply chain headwinds impacting client priorities.
India, U.S. trade talks face roadblocks ahead of tariff deadline, Indian sources say
Trade negotiations between India and the U.S. have stalled due to disagreements over import duties on auto components, steel, and agricultural products, jeopardizing hopes for a deal before President Trump's July 9 tariff deadline. India seeks a rollback of proposed reciprocal tariffs and concessions on existing U.S. tariffs, while the U.S.
White House says no decision yet on changing auto tariffs
The White House is yet to decide on auto import tariffs. Donald Trump's administration is thinking about streamlining duties. This involves overlaps between different types of tariffs. The administration is examining tariffs on imported autos and metals. They are also looking at those imposed over illicit fentanyl. Business leaders are working to change the president's mind.
Trump's tariff freeze will help India more than many other countries: Hero's Sunil Munjal
Hero Enterprise Chairman Sunil Kant Munjal views Trump's reciprocal tariffs as a tool for the US to secure fairer trade deals. He believes the temporary pause on tariffs is tactical, allowing for better agreements with countries like India, which he sees as less controversial globally.
Where things stand in the US-China trade war
US President Donald Trump has escalated his trade war against China, raising import tariffs on Beijing to 125 percent, citing a lack of respect from Beijing. The move came after China announced reciprocal action against the US in response to a previous levy hike. The new levy marks the latest salvo in a brewing tit-for-tat trade war between the two global superpowers. A previous round of US tariffs had come into force earlier on Wednesday, jacking up duties on China to 104 percent.
Warning! India and US could both pay for Trump’s tariff strike
US President Trump announced a steep 26% tariff on Indian imports, affecting textiles, fish, rice, electronics, and more. This move risks harming both US and Indian economies, with potential slowdowns and increased economic uncertainty. International brokerage firms provide mixed views, some anticipating negative impacts while others see the tariffs as relatively reasonable.
Tariffs could hurt business, growth and earnings: Peter Cardillo
The administration's back-and-forth stance on tariffs is unsettling global markets, especially emerging ones. Tariffs could be inflationary, potentially harming business growth and future earnings. The dollar's weakness may also contribute to imported inflation. Until clear policies are in place, market uncertainty is expected to persist, affecting economic growth worldwide.
US retailer Target hit by planned 40-day boycott after major policy change: 10 point explainer
A 40-day boycott of Target starts Wednesday as Black faith leaders call on members of their congregations to protest the retailer's retreat from diversity, equity and inclusion initiatives. The US retailer was a leading advocate for DEI programs in the business world in the years after George Floyd was murdered by police in the company’s home city of Minneapolis in 2020.
Trump is signaling possible rollback of Mexico and Canada tariffs, but consumers are still confused about the situation, here's all you need know
Commerce Secretary Howard Lutnick is of the opinion that Donald Trump may again begin a rollback on the tariffs imposed on Mexico and Canada, even though he is still stressing upon its importance
Handset makers seek import duty hike rollback
Pankaj Mohindroo, chairman of the India Cellular & Electronics Association, said in a letter to Union Minister of State for IT, Rajiv Chandrasekhar, that raising tariffs on components makes import of the whole part cheaper than manufacturing them in the country.
18-month trade dispute has not yet ended: Seth R Freeman, GlassRatner Advisory
It is important to point out that this is only Phase I of the agreement and Secretary Mnuchin is already talking about Phase II.
US, China move closer to trade deal despite heated rhetoric
Investors are closely watching for any signs of progress on a phase-one deal.
Rupee may trade in 71.00-72.20 range this week
Recent growth projection released could prompt the RBI for consecutive rate cuts.
Karnataka: 100% water tariff hike ups production cost for heavy industries
The increased water charge could lead to disruption as well as possible job losses, warned industry body KISMA.
Raiway Budget 2012: Government caves in to Mamata Banerjee, rolls back rail fare hike
The government has capitulated to pressure from the Mamata Banerjee-led Trinamool Congress and rolled back most of the railway tariff hikes.
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