
How Trump's Tariff Plan Could Impact Indian Exports: A Visual Breakdown
Tariffs make foreign products more expensive in the US, discouraging imports and shrinking market access for trading partners like India. (IMAGE: NEWS18)
Trump has already signed trade deals with Japan and the EU, though the promised investment figures, totaling over $1 trillion, remain largely on paper. (IMAGE: News18)

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Business Standard
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- Business Standard
Trump sons' employer hoped to gain from Fed grants; later reverses stance
The New America Acquisition I Corp, which recently hired US President Donald Trump's two oldest sons, Eric Trump and Donald Trump Jr, has now revised a public document in which the company stated that it hopes to benefit from grants and other incentives from the federal government, which their father leads. According to an Associated Press report, the line was removed from the public document after the media house inquired about the conflict of interest with the Trump family business. Firm removes reference to Trump grants On August 4, The Wall Street Journal reported that Trump's two oldest sons will be receiving 'founder shares' worth millions of dollars in New America Acquisition I Corp, a special purpose acquisition company (SPAC), aimed at investing in US manufacturers. A special purpose acquisition company, or SPAC, is a listed shell company that looks to merge with a private company. Through this process, the target company can go public while bypassing some of the regulatory hurdles associated with a traditional IPO. The company filed paperwork on Monday (local time) for a $300 million initial public offering (IPO) on the New York Stock Exchange. It plans to raise money by selling new stocks on the Exchange at $10 per share. According to the Associated Press report, the previously published filing stated that the target company (with which the New America Acquisition I Corp will merge) should be 'well-positioned' to tap federal or state government incentives. However, the reference was taken out of the revised version. Trump brothers eye $50m paper gain As part of their involvement as advisors in the New America Acquisition I Corp, Eric and Donald Trump Jr were awarded three million and two million founder shares, respectively. If the company is successful in its plan to raise $300 million, the offering would give both Eric and Donald Trump Jr a combined paper wealth of up to $50 million on the first day of trading, based on the value of their founder shares. Family's business ventures under scrutiny The rapidly expanding business ventures by the Trump family have now come under scrutiny as concerns over potential conflicts of interest arise. Previously, the US President also pledged support to boost the cryptocurrency industry, an area where his family has major financial stakes. Trump's family is a major investor in the crypto project World Liberty Financial, and Eric Trump and Donald Trump Jr have significant holdings in a bitcoin-mining company. Earlier this year, he launched a Trump-branded memecoin, further deepening the family's involvement in digital assets.
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Business Standard
a few seconds ago
- Business Standard
Rupee skids close to record low as Trump threatens more tariffs
The Indian Rupee slid on Monday, towards its record low as US President Donald Trump ramped up pressure on India regarding their oil imports from Russia. The domestic currency opened 16 paise lower at 87.82 against the dollar on Tuesday, according to Bloomberg. The rupee has declined 2.6 per cent so far in the calendar year and recorded its worst monthly fall in July since September 2023. The rupee's record low stands at 87.95, touched in February this year. Trump, in the social media platform Truth Social, threatened to 'substantially' raise tariffs on Indian goods, accusing the country of profiting from the resale of Russian oil and ignoring the human toll in Ukraine. India, however, dismissed Trump's remarks, calling them 'unjustified and unreasonable.' The Ministry of External Affairs (MEA) stressed that India's energy ties with Russia are driven by national "necessity" and are far smaller in scale compared to trade between Russia and the West. The domestic currency remained under pressure and is likely to stay weak this week after Trump signalled the possibility of higher tariffs on India for continuing to purchase Russian oil, according to Anil Kumar Bhansali, head of treasury and executive Director at Finrex Treasury Advisors LLP. "The currency has also faced sustained pressure from foreign portfolio investors (FPIs) following Trump's earlier announcement of 25 per cent tariffs on all Indian exports, despite ongoing trade talks." FPIs remained net sellers for teh 11th straight session on Monday, selling equities worth ₹2,403 crore in the previous session. In this calendar year so far, global funds have sold stocks worth ₹1.03 trillion, as per NSDL data. The rupee closed at 87.6550 on Monday and is expected to open at a fresh low of 88 on Tuesday, following Trump's latest remarks specifically targeting India, Bhansali said. Exporters may continue to sell at current lows, while importers are likely to adopt a wait-and-watch approach, he said. "Market participants will closely monitor the Reserve Bank of India's stance on the rupee's new levels in today's session." Meanwhile, the focus will be on RBI Governor Sanjay Malhotra as the Monetary Policy Committee (MPC) begins its meeting yesterday, August 4, to decide on key interest rates. The RBI is likely to remain status quo as per a Business Standard poll, with all analysts expecting a further reduction in the 2025-26 (FY26) inflation forecast. The dollar index, the measure of the greenback against a basket of six major currencies, was up 0.07 per cent at 98.84. In commodities, crude oil prices extended their three-day fall amid looming trade tensions between India and the US. Brent crude price was down 0.29 per cent at 68.56 per barrel, while WTI crude prices were lower by 0.33 per cent at 66.07, as of 9:15 AM IST.
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Business Standard
a few seconds ago
- Business Standard
BHEL bags new 'Buy' from UBS with 40% upside; check target, outlook here
Shares of Indian public sector undertaking, Bharat Heavy Electricals Ltd (BHEL), received a new 'Buy' coverage from UBS, citing that the Street is underappreciating the firm's earnings capability. Analysts at UBS assigned a target price of ₹340 per share for the stocks, implying an upside of over 40 per cent from the previous (Monday) close. The company's thermal orders are set to reaccelerate with a potential for bottom-line acceleration, UBS said in a report dated August 4. Further, the government's 80 Gigawatts (Gw) target in new thermal capacity by the financial year 2032 (FY32) implies 35 Gw of orders in FY25-28. "With an 85 per cent market share in FY17-25, we believe BHEL is best positioned." The heavy electrical equipment maker's competitive positioning in thermal power remains robust, reflecting its leadership in the past three decades, UBS said. The brokerage expects an order inflow of ₹2.1 trillion in FY25-28, driving a 1.6 times growth in the order book by FY28, it added. The company saw early benefits of execution pickup, UBS said, which drove Ebitda breakeven from FY21 to FY25. "With the increase in capacity utilisation and execution over FY25-28, we expect BHEL to improve gross and Ebitda margins, led by cyclically better product margins and operating leverage." UBS believe BHEL is well positioned to benefit from the uptick in new thermal projects, which is expected to drive robust revenue and Ebitda CAGRs of 33 per cent and 84 per cent, respectively, over FY25-28. "In our view, the consensus is underestimating BHEL's earnings potential, leaving room for possible earnings upgrades." "While we think consensus prices in rising orders, it underappreciates bottom-line translation," UBS added. Key risks to UBS's views include delays in execution ramp-up and fewer new order wins. BHEL share price history The company rose as much as 2.6 per cent during the day to ₹247.9 per share. The stock pared gains to trade 2.2 per cent higher at ₹247 apiece, compared to a 0.2 per cent advance in Nifty 50 as of 9:30 AM. Shares of the company rose for the second day and currently trade at 2.3 times the average 30-day trading volume, according to Bloomberg. The counter has risen 8 per cent this year, compared to a 4.3 per cent advance in the benchmark Nifty 50. BHEL has a total market capitalisation of ₹84,057.01 crore. About BHEL BHEL is among the leading power plant equipment manufacturers in the country. The company specialises in the design, engineering, manufacturing, installation, testing, commissioning, and servicing of a diverse array of products and services.