Donald Trump's sweeping tariffs have shaken global trade, but disruption often creates opportunity.
India's central bank will cut rates three more times this year by 75 basis points as the economy's growth outlook worsens due to import tariffs imposed by the United States, according to Citibank economists.
In the annex document, India’s rate was originally listed at 27%, rather than the 26% shown previously by Trump, before later being revised down to 26%
Indian equity markets are better placed than their Asian counterparts to ride out the impact of sweeping tariffs rolled out by U.S. President Donald Trump, according to strategists at JP Morgan Private Bank and Morgan Stanley.
Tariff king.” A “big abuser” of tariffs. A “very high tariff nation.” US President Donald Trump has repeatedly made it clear over the years what he thinks of India’s protectionist trade policies.
Also in this newsletter, the weight-loss drug Mounjaro makes its India debut and stock markets on ‘liberation day’
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India’s trade ministry said it would look for opportunities from U.S. tariffs and indicated it has no plans to retaliate. The 10% tariff on India will rise to 27% from April 9, substantially below levies on goods from China and economies like Vietnam and Bangladesh,
2hon MSN
Despite the 26% tariff imposed by the US, India showed resilience with only a 0.40% decline in markets, while regional peers suffered bigger losses. Analysts believe India’s IT and pharma sectors remain largely unaffected,
What’s causing this sharp reaction in global markets? Can India be insulated? What should investors do? Higher Tariffs: Raising import duties on a range of goods, particularly from China, Mexico, and even traditional allies like Canada and the EU.
India's $32 billion gems and jewellery industry is bracing for a sharp fall in exports as hefty U.S. tariffs will impede overseas sales to its biggest market, industry officials said.