India-US Trade Deal: In a sharp escalation of trade rhetoric, US President Donald Trump on Wednesday announced a 25 per cent tariff on Indian goods, effective August 1, citing high tariffs, non-monetary trade barriers, and India’s ties with Russia. The announcement was made via a post on Trump’s social media platform, Truth Social, where he…
India-US Trade Deal: India and the US are not likely to seal their pact within the August 1 deadline, with talks that have been going on to go beyond the stipulated time frame, sources said, reiterating that India is unwavering in safeguarding its national interests without compromise. As per official sources, though negotiations are ongoing,…
Indian equity markets extended losses on Friday amid rising anxiety over the pending India-US trade deal, weak corporate earnings, and persistent foreign investor selling. Key indices dropped nearly 1 per cent, with most sectors and broader markets in the red. As of 2:53 PM IST, the BSE Sensex had declined 748.22 points (0.91 per cent)…
Dalal Street is poised for a flat-to-positive open on Friday, with GIFT Nifty futures trading 24 points higher at 25,199 around 7:00 AM, suggesting a cautious yet optimistic tone as investors weigh a mix of domestic and global triggers. Key Drivers for Today’s Trade 1. Q1 Earnings in Focus: The market will react to earnings…
Even as the deadline on US tariffs has ended, no trade deal has been inked between India and US. This is even as the US administration has imposed on 8 nations with the highest levy on Brazil of 50 per cent. This is even as the US President Donald Trump on Tuesday said that the…
US President Donald Trump has announced that the United States will begin sending letters to trading partners as early as Friday, informing them of tariff rates set to take effect from August 1. This comes as negotiations with countries including India approach the final stage, with the July 9 deadline for concluding trade deals drawing…