 "Donald Trump, US, market, investors")
Are Donald Trump’s US election promises just rhetoric or something investors across the world must learn to live with? Experts prefer no-action zone over three months, but answers will get clearer when he assumes office on Friday night India time (January 20). Promises of higher employment for locals and increased manufacturing in the US, if kept, will bother the Indian stock market. Add in Trump’s recent statement on border adjustment tax, and the pressure intensifies, as this could set back India’s information technology (IT) and health care stocks.
Why fear BAT?
- Border adjustment tax or BAT is a tax levied on
