Indian exports to the United States have shown signs of recovery in October after a four-month slump, signalling an easing of the tariff shock as the 50 per cent levies imposed by President Trump in May are still in place. The exports to the US stood at $6.3 billion in October, showing a 14.5 per cent jump from September, marking the first monthly surge since May. However, the exports remain 8.5 per cent less compared to $6.9 billion recorded in October 2024.&nbsp;The improved data came as Indian state-run oil firms agreed to import more liquefied petroleum gas (LPG) from the US, and Trump exempted many farm goods from reciprocal tariffs that could benefit India.&nbsp;Also Read:<a href="https://www.wionews.com/world/elon-musk-calls-jeff-bezos-a-copycat-after-amazon-founder-launched-6-2b-ai-startup-prometheus-1763445449642"> Elon Musk calls Jeff Bezos a ‘copycat’ after Amazon founder launches $6.2B AI startup 'Prometheus'</a>&nbsp;Trade deal negotiations between the two countries are underway, with an Indian official saying that key aspects of the deal were nearing closure.&nbsp;The jump in India's exports to the US came at a time when India's overall exports fell 11.8 per cent year-on-year in October, with only five of its top markets reporting any growth. Only Spain, China, Hong Kong, Brazil, and Belgium registered year-on-year growth in October.&nbsp;On the other hand, 15 of the top export destinations recorded a year-on-year decline, including exports to Singapore plunging a sharp 54.9 per cent, and Australia dropping 52.4 per cent. Shipment to the UK, Italy, the Netherlands and France also recorded a double-digit decline, flagging a drop in global demands, according to a GTRI report released on Monday.&nbsp;Also Read: <a href="https://www.wionews.com/business-economy/warren-buffett-invests-4-3-billion-in-alphabet-inc-as-google-parent-stock-dances-to-new-highs-1763361155203">Warren Buffett invests $4.3 billion in Alphabet Inc as Google parent stock dances to new highs</a>&nbsp;The report suggests, the October surge in exports to the US offers temporary relief but does not reverse the overall trend. India's US-bound shipments have shrunk around 28.8 per cent from May, when the tariffs came into effect, to October, causing more than $ 2.5 billion decrease in monthly export value during the period.&nbsp;

India on Monday said that it had concluded a first-ever major deal that will see its state-run oil companies sourcing some 10% of the country's annual LPG needs from the US.


Indian exports to the United States have shown signs of recovery in October after a four-month slump, signalling an easing of the tariff shock as the 50 per cent levies imposed by President Trump in May are still in place. The exports to the US stood at $6.3 billion in October, showing a 14.5 per cent jump from September, marking the first monthly surge since May. However, the exports remain 8.5 per cent less compared to $6.9 billion recorded in October 2024. The improved data came as Indian state-run oil firms agreed to import more liquefied petroleum gas (LPG) from the US, and Trump exempted many farm goods from reciprocal tariffs that could benefit India. Also Read: Elon Musk calls Jeff Bezos a ‘copycat’ after Amazon founder launches $6.2B AI startup 'Prometheus' Trade deal negotiations between the two countries are underway, with an Indian official saying that key aspects of the deal were nearing closure. The jump in India's exports to the US came at a time when India's overall exports fell 11.8 per cent year-on-year in October, with only five of its top markets reporting any growth. Only Spain, China, Hong Kong, Brazil, and Belgium registered year-on-year growth in October. On the other hand, 15 of the top export destinations recorded a year-on-year decline, including exports to Singapore plunging a sharp 54.9 per cent, and Australia dropping 52.4 per cent. Shipment to the UK, Italy, the Netherlands and France also recorded a double-digit decline, flagging a drop in global demands, according to a GTRI report released on Monday. Also Read: Warren Buffett invests $4.3 billion in Alphabet Inc as Google parent stock dances to new highs The report suggests, the October surge in exports to the US offers temporary relief but does not reverse the overall trend. India's US-bound shipments have shrunk around 28.8 per cent from May, when the tariffs came into effect, to October, causing more than $ 2.5 billion decrease in monthly export value during the period.

India on Monday said that it had concluded a first-ever major deal that will see its state-run oil companies sourcing some 10% of the country's annual LPG needs from the US. &nbsp;

Exports to US bounce back in October, ending India’s four-month dip after Trump tariff shock

The 50 per cent tariff, imposed by US President Donald Trump on India, will take effect on August 27. The tariff was announced in two tranches as a penalty for New Delhi for buying oil and weapons from Russia. India is one of the largest consumers of iPhones, designed and manufactured by Apple, a US-based company. Apple manufactures iPhones in India through third-party manufacturers.<h2>Will the prices of Apple iPhones be impacted by Trump's tariffs on India? Here's the answer.</h2>&nbsp;Apple is under tremendous pressure from Donald Trump to shift its manufacturing from Asia, including India. Apple produces most of its products in China. However, due to geopolitical conditions, Apple has been seeking to diversify&nbsp;its manufacturing&nbsp;to more accessible&nbsp;options like India and Vietnam. India has lately emerged as one of the top exporters of Apple iPhones.<h3>Will Apple iPhone's prices increase?</h3>Apple's exports from India will not be impacted by Donald Trump's tariff on New Delhi. This is because in April, the Donald Trump administration exempted smartphones, computers, and other electronic goods from reciprocal tariffs. Hence, devices that are based on semiconductors, including Apple iPhones, enter the United States without attracting additional tariffs announced by Donald Trump's administration.&nbsp;The exemption was made because India contributes to Apple's iPhone supply. In the April-June quarters, 71 per cent of the iPhones sold in the United States were made in India. The figure is a massive jump from 31 per cent during the corresponding period last year. This shows that Apple has been focusing on investing in India, which has turned out to be a viable alternative to China.&nbsp;The Trump administration is reportedly mulling over bringing the semiconductor-based devices into the tariff net. If the exemption is withdrawn, India-made iPhones will become more expensive than their regional rivals, like Vietnam and China.&nbsp;India has been buying Russian oil since early 2022 because of the discount Moscow has extended following the Western embargo on oil purchases over the Ukraine invasion. New Delhi says it has been doing what's good for its people.

The 50 per cent tariff, imposed by US President Donald Trump on India, will take effect on August 27.

The 50 per cent tariff, imposed by US President Donald Trump on India, will take effect on August 27. The tariff was announced in two tranches as a penalty for New Delhi for buying oil and weapons from Russia. India is one of the largest consumers of iPhones, designed and manufactured by Apple, a US-based company. Apple manufactures iPhones in India through third-party manufacturers. Will the prices of Apple iPhones be impacted by Trump's tariffs on India? Here's the answer. Apple is under tremendous pressure from Donald Trump to shift its manufacturing from Asia, including India. Apple produces most of its products in China. However, due to geopolitical conditions, Apple has been seeking to diversify its manufacturing to more accessible options like India and Vietnam. India has lately emerged as one of the top exporters of Apple iPhones. Will Apple iPhone's prices increase? Apple's exports from India will not be impacted by Donald Trump's tariff on New Delhi. This is because in April, the Donald Trump administration exempted smartphones, computers, and other electronic goods from reciprocal tariffs. Hence, devices that are based on semiconductors, including Apple iPhones, enter the United States without attracting additional tariffs announced by Donald Trump's administration. The exemption was made because India contributes to Apple's iPhone supply. In the April-June quarters, 71 per cent of the iPhones sold in the United States were made in India. The figure is a massive jump from 31 per cent during the corresponding period last year. This shows that Apple has been focusing on investing in India, which has turned out to be a viable alternative to China. The Trump administration is reportedly mulling over bringing the semiconductor-based devices into the tariff net. If the exemption is withdrawn, India-made iPhones will become more expensive than their regional rivals, like Vietnam and China. India has been buying Russian oil since early 2022 because of the discount Moscow has extended following the Western embargo on oil purchases over the Ukraine invasion. New Delhi says it has been doing what's good for its people.

Donald Trump's tariff on India will take effect on August 27. How will it impact Apple's iPhone supply to the United States from India? Will Made-in-India Apple iPhone become more expensive?

Donald Trump's tariff: What will happen to Apple's Made-in-India iPhone supply to US?

US President Donald Trump said on August 15 his administration will announce new tariffs on imports of steel and semiconductor chips in the coming weeks, marking a major expansion of his aggressive trade agenda. Speaking to reporters aboard Air Force One en route to Alaska for a summit with Russian President Vladimir Putin, Trump said duties would be rolled out in phases, starting at a relatively low level and increasing sharply over time.“I’ll be setting tariffs next week and the week after on steel and on, I would say, chips,” Trump said. “I’m going to have a rate that is going to be lower at the beginning, that gives them a chance to come in and build, and very high after a certain period of time.” The president added he was confident that companies would choose to manufacture inside the United States rather than face punitive duties.<h2>Steel tariffs already higher, chips under review</h2>Trump’s remarks come just months after he doubled tariffs on steel and aluminum imports to 50 per cent, citing the need to protect domestic manufacturers. It was unclear whether his latest comments signaled another increase on those metals. On semiconductors, Trump has repeatedly hinted at sweeping new duties. Last week, he told an audience alongside Apple CEO Tim Cook that he was considering a 100 per cent tariff on imported chips, while offering exemptions to companies that commit to building fabrication plants in the United States.On August 15, he floated the possibility of even steeper penalties. “I’m going to have a rate that is going to be 200 per cent, 300 per cent?” Trump said, without clarifying the details. The Commerce Department has been conducting national security investigations into both the chip and pharmaceutical sectors since April, a procedural step required before tariffs can be formally imposed.<h2>Apple investment adds momentum</h2>Trump’s tariff pledge came as Apple announced it would invest an additional $100 billion in domestic production, part of a broader $600 billion US manufacturing initiative. The move could ease some of the impact of chip tariffs on American consumers and firms reliant on Apple’s supply chain.South Korean technology giants Samsung Electronics and SK hynix, which dominate global memory chip production, are among the companies closely monitoring Washington’s tariff plans. Semiconductor duties would ripple across industries, from consumer electronics to automobiles and artificial intelligence.<h2>Expanding trade confrontation</h2>The steel and chip tariffs mark the latest escalation in Trump’s broader strategy of using trade duties to reshape global supply chains and force companies to invest in the US He has already imposed sweeping tariffs on a wide array of imports, including autos, energy, and consumer goods. While Trump argues the approach will create US jobs and manufacturing capacity, critics warn higher costs could ripple through industries and worsen tensions with key allies and trading partners.With formal tariff announcements expected within two weeks, businesses worldwide are bracing for another round of trade disruption, one that could reshape both the semiconductor market and the global steel industry.&nbsp;(With inputs from agencies)

The steel and semiconductors tariffs mark the latest escalation in Trump’s broader strategy of using trade duties to reshape global supply chains and force firms to invest in the US. He has already imposed sweeping tariffs on a wide array of imports, including autos, energy, consumer goods.

US President Donald Trump said on August 15 his administration will announce new tariffs on imports of steel and semiconductor chips in the coming weeks, marking a major expansion of his aggressive trade agenda. Speaking to reporters aboard Air Force One en route to Alaska for a summit with Russian President Vladimir Putin, Trump said duties would be rolled out in phases, starting at a relatively low level and increasing sharply over time. “I’ll be setting tariffs next week and the week after on steel and on, I would say, chips,” Trump said. “I’m going to have a rate that is going to be lower at the beginning, that gives them a chance to come in and build, and very high after a certain period of time.” The president added he was confident that companies would choose to manufacture inside the United States rather than face punitive duties. Steel tariffs already higher, chips under review Trump’s remarks come just months after he doubled tariffs on steel and aluminum imports to 50 per cent, citing the need to protect domestic manufacturers. It was unclear whether his latest comments signaled another increase on those metals. On semiconductors, Trump has repeatedly hinted at sweeping new duties. Last week, he told an audience alongside Apple CEO Tim Cook that he was considering a 100 per cent tariff on imported chips, while offering exemptions to companies that commit to building fabrication plants in the United States. On August 15, he floated the possibility of even steeper penalties. “I’m going to have a rate that is going to be 200 per cent, 300 per cent?” Trump said, without clarifying the details. The Commerce Department has been conducting national security investigations into both the chip and pharmaceutical sectors since April, a procedural step required before tariffs can be formally imposed. Apple investment adds momentum Trump’s tariff pledge came as Apple announced it would invest an additional $100 billion in domestic production, part of a broader $600 billion US manufacturing initiative. The move could ease some of the impact of chip tariffs on American consumers and firms reliant on Apple’s supply chain. South Korean technology giants Samsung Electronics and SK hynix, which dominate global memory chip production, are among the companies closely monitoring Washington’s tariff plans. Semiconductor duties would ripple across industries, from consumer electronics to automobiles and artificial intelligence. Expanding trade confrontation The steel and chip tariffs mark the latest escalation in Trump’s broader strategy of using trade duties to reshape global supply chains and force companies to invest in the US He has already imposed sweeping tariffs on a wide array of imports, including autos, energy, and consumer goods. While Trump argues the approach will create US jobs and manufacturing capacity, critics warn higher costs could ripple through industries and worsen tensions with key allies and trading partners. With formal tariff announcements expected within two weeks, businesses worldwide are bracing for another round of trade disruption, one that could reshape both the semiconductor market and the global steel industry. (With inputs from agencies)

The steel and semiconductors tariffs mark the latest escalation in Trump’s broader strategy of using trade duties to reshape global supply chains and force firms to invest in the US. He has already imposed sweeping tariffs on a wide array of imports, including autos, energy, consumer goods.

Trump to announce tariffs on steel and semiconductors in coming weeks

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Exports to US bounce back in October, ending India’s four-month dip after Trump tariff shock

Donald Trump's tariff: What will happen to Apple's Made-in-India iPhone supply?

Trump to announce tariffs on steel and semiconductors in coming weeks