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Trump Tariffs News LIVE Updates: US tariff has hit TN exports hard, says CM Stalin

Trump India Tariffs Impact LIVE News Updates: The 50% US tariff, which is one of the highest levies on any country in the world, has been charged over America’s accusations that India’s crude oil purchase from Russia is financing Moscow to attack Ukraine in the war.

Donald trump, Narendra Modi, us tariffPrime Minister Narendra Modi speaks as President Donald Trump listens during a news conference in the East Room of the White House, in Washington. (Source: AP Photo)

Donald Trump Tariffs Effect On India LIVE News Updates: India is now facing a cumulative 50% tariff on its goods being exported to the United States as President Donald Trump led administration imposed an additional 25% tariff on Indian products which came into effect on Wednesday. The 50% tariff, which is one of the highest levies on any country in the world, has been charged over America’s accusations that India’s crude oil purchase from Russia is financing Moscow to attack Ukraine in the war.

Sectors that will be hit by US tariffs: After the Trump administration went ahead with 50% tariffs on Indian goods, exports of low margin are bound to be affected by it. The sectors which could face the brunt of higher US tariffs, include apparel, textiles, gems, jewellery, shrimps, carpets and furniture among others. These sectors comprise labour intensive goods which could become unviable in the American market, and could also threaten low-skilled jobs in India.

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India’s response to US tariffs: A day after the 50% tariffs came into effect on Indian goods import in the US, the Finance Ministry extended exemption on cotton import duty till December 31, 2025 which could help the textile industry of India to place long-term cotton import orders. “In order to support exporters further, the Central Government has decided to extend the import duty exemption on cotton,” said the Finance Ministry’s statement.

Live Updates
15:50 (IST) 28 Aug 2025
Trump Tariffs LIVE Updates: 'Impose same amount of tariff on America, then they will understand': AAP Delhi President

AAP Delhi President Saurabh Bhardwaj criticised the US for imposing heavy tariffs on India, saying, “America is acting like a king and treating India as a guilty party by imposing penalties. When the US imposed a 125% tariff on China, China retaliated. But now, despite America imposing a 50% tariff on us, we are sitting quietly. We want to tell the Prime Minister that you are destroying the country’s self-respect. Impose the same tariff on America, then they will understand.”

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— ANI (@ANI) August 28, 2025

14:19 (IST) 28 Aug 2025
Trump Tariffs LIVE Updates: Akhilesh flays Centre over US tariff move, seeks relief for exporters

Samajwadi Party president Akhilesh Yadav on Thursday hit out at the BJP-led Union government over the US tarrifs on Indian goods, saying its “failed" foreign and economic policies were hurting exporters, workers and artisans.

In a post on X, the former Uttar Pradesh chief minister said the Centre must extend timely support and relief to small, medium and micro-scale industries to prevent the already severe unemployment situation from worsening.

“Why should exporters, workers and craftsmen pay the price for the BJP government's failed foreign and economic policies? If the government can be generous towards billionaires, why not towards small, medium and micro enterprises? If assistance is not provided in time, the problem of unemployment — already grave — will become critical,” Yadav said.

Accusing the Centre of neglecting the interests of traders and manufacturers, he added, “If the BJP goes, trade will return.” He also posted a video of a news report on the plight of workers.

US President Donald Trump's decision to double tariffs on Indian goods to 50 per cent, citing New Delhi's purchase of Russian crude oil, came into effect on Wednesday.

(PTI)

13:24 (IST) 28 Aug 2025
Trump Tariffs LIVE Updates: Provide two-yr moratorium for MSME, sops for exporters, Kamal Haasan tells govts

Makkal Needhi Maiam party founder Kamal Haasan has said that the US President Donald Trump government's 50 per cent tariff on Indian exporters was a challenge to the sovereignty of Indian livelihoods and both the Centre and state governments should come forward to provide immediate relief to exporters.

As an emergency breathing space, the governments could provide a two-year moratorium on MSME loan repayments, and a special emergency credit line. He suggested the governments to expand guarantee covers and restore low-interest export credit, and clear all pending GST, RODTEP, and RoSCTL refunds within strict deadlines; enhance rates for the hardest-hit export lines.

The Rajya Sabha MP said temporary power-tariff concessions, freight support to open new markets, and liberalised import norms for synthetic yarns could be provided and also a single-window fast track for export compliance and refunds.

Further, the country should identify and facilitate entry into new global markets for affected sectors, he emphasised.

"Let us not treat this merely as crisis management. This must be our clarion call for a decade-long mission to secure India's place in the supply chains of tomorrow; rare earths, semiconductors, batteries, power electronics, and advanced textiles," Haasan said in a statement here on Wednesday night. Only then will India be beyond the reach of tariffs and threats from across the oceans, he added.

"The 50 per cent US tariffs on our exporters is not about trade nor Ukraine. They are a political cudgel, aimed at shaking our resolve. When the sovereignty of Indian livelihoods is challenged, the nation must act together. I urge the Union and State governments to provide immediate relief," the MNM leader said.

(PTI)

13:20 (IST) 28 Aug 2025
Trump Tariffs LIVE Updates: India must impose higher tariffs on US imports, says AAP supremo Arvind Kejriwal

While addressing a press conference, Aam Aadmi Party's national convener Arvind Kejriwal called on Prime Minister Narendra Modi to impose higher tariffs on US imports, asserting that the entire nation will back the move.

“We demand that Modi ji restore the 11 per cent duty on cotton and ensure that cotton coming from America is taxed at 11 per cent," Kejriwal said.

"(US President) Trump is a coward. Trump has bowed before countries which have stood firmly against him. I don't know what compulsions PM Modi have that he is not saying anything. If Trump has imposed 50 per cent tariff on Indian goods, we should have imposed 100 per cent tariff on American goods. Are we a weak nation? This is a country of 140 crore people. We have a huge market," he added.

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13:13 (IST) 28 Aug 2025
Trump Tariffs LIVE Updates: US tariff has hit TN exports hard, says CM Stalin

Tamil Nadu Chief Minister M K Stalin on Thursday said the US tariff hike to 50 per cent on Indian imports has severely affected the state's exports, impacting about Rs 3,000 crore to Tiruppur's textile sector, besides putting thousands of jobs at risk.

He urged the Central government to introduce structural reforms to safeguard the domestic industries and workers.

"The #ustariff hike to 50 % has hit Tamil Nadu's exports hard, especially #tiruppur's textile hub, causing a trade impact of nearly Rs.3,000 crore and putting thousands of jobs at risk," the CM said in a post on ‘X'.

He further said that he reiterated his demand to the union government for immediate relief and structural reforms to safeguard the industries and workers.

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(PTI)

12:11 (IST) 28 Aug 2025
Trump Tariffs LIVE Updates: US Treasury Secretary Bessent dismisses Indian Rupee becoming a reserve currency

US Treasury Secretary Scott Bessent dismissed Indian Rupee as the currency becoming the reserve currency. When asked by an anchor on Fox News "Do you worry that India will set trade in the rupee and not the dollar?"

Bessent responded saying, "There are a lot of things I worry about. The rupee becoming a reserve currency is not one of them." Trump's treasury secretary further added that India's Rupee is currently trading near an “all-time low”.

12:03 (IST) 28 Aug 2025
Trump Tariffs LIVE Updates: ‘Modi’s war’: Trump's trade advisor Navarro says peace runs through New Delhi

US President Donald Trump’s trade adviser Peter Navarro on Tuesday termed the Russia-Ukraine war as "Modi's war" and said the road to peace between Russia and Ukraine runs through New Delhi. His statements come after US raised the tariffs on Indian goods to a cumulative 50% triggering a sharp decline in the Indian share market.

"Everybody in America loses because of what India is doing. Consumers, businesses and workers lose because India’s high tariffs cost us jobs, factories and income. And then the taxpayers lose because we’ve got to fund Modi’s war. The road to peace runs at least partly right through New Delhi," Trump's aide Navarro said in an interview to Bloomberg.

(Read full report)

11:56 (IST) 28 Aug 2025
Trump Tariffs LIVE Updates: 'Trump’s tariffs must be a wake-up call for India,' says ex-NITI Aayog CEO Amitabh Kant

Former NITI Aayog CEO and India's ex-G20 Sherpa Amitabh Kant has said that the cumulative 50 per cent tariffs imposed by the Trump administration on Indian imports must act as a "wake-up call for India".

In a post on X, Kant said, "The irony is striking: the U.S. is actively negotiating with Russia and China, the latter being the largest buyer of Russian oil, yet chooses to target India with tariffs instead. Let us be clear, this is not about Russian oil."

11:49 (IST) 28 Aug 2025
Trump Tariffs LIVE Updates: Trump's trade advisor Peter Navarro says, 'Indians are arrogant over tariffs'

White House trade advisor Peter Navarro reiterated President Donald Trump's stance by accusing India of financing Russia's invasion of Ukraine by purchasing crude oil. "By purchasing Russian oil at a discount, Russia uses the money it gets to fund its war machine," Navarro said.

During an interview with Bloomberg, Navarro said, "Indians are so arrogant about this, they say 'oh we don’t have higher tariffs, oh it’s our sovereignty, we can buy oil from anyone we want'.”

11:40 (IST) 28 Aug 2025
Trump Tariffs LIVE Updates: US-India relationship ‘complicated’ but we'll come together at the end, says Treasury Secretary Scott Bessent

As 50% tariffs imposed on Indian goods in the US came into effect, the US Treasury Secretary Scott Bessent said the relationship between US and India is "complicated", however, he believed that at the end of the today, the two countries would eventually come together.

During an interaction with Fox News, Bessent said "This is a complicated relationship. President Trump and Prime Minister Modi have a very good relationship at that level. It’s not just over the Russian oil. The Indians came in early after Liberation Day to start negotiating on tariffs and we still don’t have a deal."

11:23 (IST) 28 Aug 2025
Trump Tariffs LIVE Updates: Finance Ministry extends import duty exemption on cotton till Dec 31 amid US' 50% tariffs on Indian goods

A day after the 50% tariffs on Indian goods being imported in the US came into effect, the Finance Ministry gave a breather to textile industry by announcing on Thursday to extend the exemption on cotton import duty till December 31. The decision by the government could help the Indian textile industry to place long-term cotton import orders.

"In order to support exporters further, the Central Government has decided to extend the import duty exemption on cotton (HS 5201) from 30 September 2025 till 31 December 2025," the Finance Ministry said in a statement.

11:14 (IST) 28 Aug 2025
Trump Tariffs LIVE Updates: Sensex, Nifty tank after Trump’s additional 25% tariff kicks in

As the additional 25% tariff imposed by the United States on Indian imports came into effect, the Indian share market plunged during its opening session on Thursday. Sensex fell over 500 points points to 80,278.38 in early trade on Thursday morning, while the Nifty tanked 157.35 points to 24,554.70.

Amid the cumulative 50% tariff imposed by the United States on Indian imports, Prime Minister Narendra Modi has said that the government would shield small entrepreneurs, farmers, and livestock rearers.

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