Tariffnama: Lose some, gain some
The US reciprocal tariffs on India Inc will have a twofold impact, benefiting some Indian exporters compared to higher tariffs on Asian countries while potentially increasing dumping from affected nations. Key sectors like automobiles, auto ancillaries, and gems and jewellery may face mixed effects, including cost pressures and reduced competitiveness in the US market.
Friendly fire leaves US markets as biggest loser
The S&P 500 was down 4.2% in afternoon trading, more than other major stock markets, and at its bottom in the morning was on track for its worst day since Covid struck in 2020. The Dow Jones Industrial Average was down 1,394 points, or 3.3%, as of 2:09 p.m. Eastern time, and the Nasdaq composite […]
Bitcoin succumbs to risk asset slump
Equities tumbled from Asia to Europe to the US as investors were taken aback by the magnitude of the tariffs. US equities and the dollar bore some of the worst selling on speculation the president’s trade offensive will stunt the American economy.
D-Street has worries, but losses stay limited
NSE’s Nifty fell 82.25 points, or 0.35%, to close at 23,250.1. BSE’s Sensex declined 322.08 points, or 0.4%, to end at 76,295.36. Both had fallen as much as almost 1% earlier in the day.