Exporters shares slump on US warning of higher tariffs

January 9, 2026

Indian exporter shares fell sharply. Donald Trump’s support for a bill proposing 500% tariffs on Indian imports caused panic. This could significantly increase existing tariffs. Textile, apparel, seafood, and drug makers saw their shares drop. Experts advise caution and focusing on domestic companies. Clarity on the tariffs is awaited.

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