Brokerages size up US's trade punch: Tariff impact seen as limited

Donald Trump’s 25% tariff on Indian goods rattled markets, with the BSE Sensex dropping nearly 800 points intraday before staging a smart recovery. Brokerages are hopeful that the final tariff may land lower — 15–20% — as both nations continue to negotiate a solution. Here’s how brokerages are reading the situation: 

Goldman Sachs 

·         A 25% tariff, if enforced, would moderately dent earnings due to India’s low export exposure

 

·         Only 2% of MSCI India’s total revenues come from goods exports

 

·         Every 5-percentage point increase in US tariffs could shave