Us Tariff News

Jim Walker, Chief Economist at Alethia Capital was among those who predicted the 2008 recession. Today, he says he would be amazed if the US doesn't enter another recession soon - and the main reasons are the tariffs that Donald Trump is imposing. Why does he say that, what's the rationale behind how tariffs affect business and markets, and is there any way out of it? On this episode of Mint Money Talks, we figure it out!

With Trump's tariff wars set to intensify, Goldman Sachs says that it sees a 35% chance of a recession in the next 12 months. This is significantly higher than their 20% chance prediction previously. The Wall Street bank has also increased their inflation estimate, slashed their 2025 GDP forecast to just 1%... and bumped up its year-end unemployment rate outlook to 4.5%. But while Goldman Sachs still expects the US economy to avoid an excessive downturn, many others are pretty confident that an economic dip is coming - and coming soon So is the US really heading for a recession because of Trump's aggressive tariff policies - or is there not much to worry about yet? Watch!

The imposition of tariffs by the US on imports from Mexico, Canada, and China is expected to have significant repercussions on the Indian steel industry. Experts warn that India may become a natural target for cheap Chinese steel at a time when local producers are expanding capacity. The Trump administration imposed 25% tariffs on imports from Mexico and Canada on Tuesday. The US also doubled the tariff on all Chinese imports to 20%. Watch!

The cut in import duties on bourbon whiskey, which were notified ahead of the recent meeting between Prime Minister Narendra Modi and US President Donald Trump, has sparked interest in this classic American spirit. The import duty reduction from 150% to 100% aims to make the whiskey more affordable, but bourbon remains a niche market in India. However, there are a few nuances - like old favourites such as Jim Beam, Buffalo Trace, Woodford Reserve, and Maker’s Mark will benefit from the tariff cut. However, Jack Daniel’s, the most popular American whiskey sold in India will not. Why's that? Watch!

Indian benchmark indices opened Tuesday in green while other Asia-Pacific markets also rose after Donald Trump paused tariffs on Canada and Mexico for a month. In separate negotiations, Canada and Mexico have agreed with the United States to pause planned tariffs for at least a month. President Donald Trump on Monday held off on his tariff threats against Mexico and Canada for 30 days after the two U.S. neighbors agreed to boost border security efforts. Watch!

China's export curbs on gallium and germanium in response to US restrictions on high-tech exports highlight the escalating tech rivalry between the superpowers. As they vie for supremacy, global electronic product prices may rise, hindering India's digital progress and energy transition. Discover the implications of these actions and the urgent need for moderation to ensure a continuous supply of critical minerals for global development. Stay tuned for insights into the US-China tech battle and its impact on India's interests.

US factory sector contracts again in November; Retail stocks in focus on Cyber Monday Trump to restore tariffs on Brazil, Argentina imports

US President Donald Trump on Friday increased existing and planned tariffs on a total of $550 billion in Chinese goods Earlier in the day, Beijing had announced levy hikes on $75 billion of US imports

'I think President Xi ... wants to make a deal, but frankly, he's not going fast enough,' Trump said Trump later said if US-China trade negotiations fail to progress he could raise tariffs further

Led by the selling in equity market, the market capitalisation of BSE-listed companies dropped by ₹2,00,258.81 crore to ₹1,50,09,329.19 crore From the 30-share pack, 27 scrips ended with losses, led by Tata Steel, Vedanta, Tata Motors and Axis Bank