The US administration has announced a 10% minimum tariff rate on various countries, with particularly high rates on Asian and European nations. Reciprocal tariffs equivalent to ~50% of the combined estimated rate of US export barriers have been imposed. India faces 27% tariffs, while China confronts 34%, potentially sparking a global trade war and economic growth concerns.
Nifty surges 300 points as investor sentiment lifts markets. Will the rally last?
Stock markets now seem to have digested the uncertainty related to global tariff wars on hopes of lesser disruption and trade agreements by major economies.
May 23, 2025