Donald Trump - Page 32

A customer shops a grain isle at New India Bazar, where most merchandise is imported from India and Canada, on Wednesday, Aug. 6, 2025, in Fremont, Calif. (Photo: AP)

Trump’s reciprocal tariffs come into effect globally, including India

New York/Washington, Aug 7 (PTI) The initial 25 per cent tariffs announced by the US on Indian imports came into effect Thursday, with President Donald Trump saying billions of dollars from countries that have taken advantage of America will now start flowing into the country. “It’s Midnight!!! Billions of Dollars In Tariffs Are Now Flowing

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Indian young woman is counting 500 rupee notes in both hands at home. (Photo: Getty Image)

Rupee rises 5 paise to 87.67 against US dollar in early trade

Mumbai, Aug 7 (PTI) The rupee traded in a narrow range and appreciated 5 paise to 87.67 against the US dollar in early trade on Thursday, after US President Donald Trump slapped an additional 25 per cent duty — doubling it to 50 per cent — on Indian goods over New Delhi’s continued imports of

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A customer looks at a gold necklace at the Umedmal Tilokchand (U.T) Zaveri jewelry store at Zaveri Bazaar in Mumbai, India. (Photo: PTI)

Gold gains as Trump doubles India tariffs, boosting safe-haven demand

Aug 7 (Reuters) – Gold rose on Thursday, supported by renewed safe-haven demand after U.S. President Donald Trump slapped an additional 25% tariff on Indian imports, escalating trade frictions. Spot gold was up 0.4% at $3,380.76 per ounce as of 0247 GMT. U.S. gold futures gained 0.3% to $3,443.30. “Trump has been dishing up fresh

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US President Donald Trump makes an announcement about Apple in the Oval Office, Wednesday, Aug. 6, 2025, in Washington. (Photo: AP)

Trump plans 100% tariff on computer chips, unless companies build in US

WASHINGTON, August 7, 2025 (AP) — President Donald Trump said Wednesday that he will impose a 100% tariff on computer chips, raising the specter of higher prices for electronics, autos, household appliances and other essential products dependent on the processors powering the digital age. “We’ll be putting a tariff of approximately 100% on chips and

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