Trump announced a 26 per cent reciprocal tariff on India-half the rate India imposes on US imports. Besides, Trump announced a 25 per cent tariff on automobile imports to the country, which is likely to impact auto stocks such as Tata Motors and Samvardhana Motherson.
How could Trump tariffs impact the Indian stock market?
Trump's tariffs could trigger an immediate negative reaction, as reflected in Gift Nifty's 1.5 per cent drop.
Sectors like IT and automobiles may face selling pressure, but in the medium to long term, the market is likely to absorb the impact.
However, experts point out that Trump's tariff may not have a significant negative impact on the economy, which is a comforting factor for the domestic market.
Following is the list of new tariff rates US President Donald Trump displayed:
Algeria: 30%
Argentina: 10%
Australia: 10%
Bahamas: 10%
Bahrain: 10%
Bangladesh: 37%
Bolivia: 10%
Bosnia and Herzegovina: 35%
Botswana: 37%
Brazil: 10%
Brunei: 24%
Cambodia: 49%
Chile: 10%
China: 34%
Colombia: 10%
Costa Rica: 10%
Côte d'Ivoire: 21%
Dominican Republic: 10%
Ecuador: 10%
Egypt: 10%
El Salvador: 10%
Ethiopia: 10%
EU: 20%
Fiji: 32%
Ghana: 10%
Guatemala: 10%
Guyana: 38%
Haiti: 10%
Honduras: 10%
Iceland: 10%
India: 26%
Indonesia: 32%
Israel: 17%
Japan: 24%
Jordan: 20%
Kazakhstan: 27%
Kenya: 10%
Laos: 48%
Lesotho: 50%
Lichtenstein: 37%
Madagascar: 47%
Malaysia: 24%
Mauritius: 40%
Morocco: 10%
Myanmar (Burma): 44%
Namibia: 21%
New Zealand: 10%
Nicaragua: 18%
Nigeria: 14%
North Macedonia: 33%
Norway: 15%
Oman: 10%
Pakistan: 29%
Panama: 10%
Peru: 10%
Philippines: 17%
Qatar: 10%
Saudi Arabia: 10%
Serbia: 37%
Singapore: 10%
South Africa: 30%
South Korea: 25%
Sri Lanka: 44%
Switzerland: 31%
Taiwan: 32%
Thailand: 26%
Trinidad and Tobago: 10%
Tunisia: 28%
Turkey: 10%
Ukraine: 10%
United Arab Emirates: 10%
United Kingdom 10%
Uruguay: 10%
Venezuela: 15%
Vietnam: 46%
Trump updates on India
Modi is great friend of mine *india charge 52%* it's difficult to take decision *we have announced 26% reciprocal tax**
Superb discounted
By: via AlliesFinServe #StockMarket #Bharat Telegram.me/AlliesFin
