The biggest issue is the assumption that while Mr Trump upends the existing order at his own will, "all other things will remain equal"
EY analyses how the US move would pan out across sectors in India
Tariff hikes are plain news as the historic precedent of the Smoot-Hawley Tariff Act of 1930 highlights. This is an impoverishment day, not a liberation day, Wood said in his weekly note GREED & fear.
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At the global level, slower trade will also mean slower growth, especially for export-oriented economies, Sabnavis said. Back home, he feels that the MSMEs will be under pressure again
Experts suggest scouting new markets in China, Europe and Middle-East for Indian shrimps
In many other countries, including Saudi Arabia, Brazil, Turkiye, Egypt and the UAE, the US has imposed a reciprocal duty of only 10 per cent
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The key benchmark indices in India recovered to trade slightly lower after tumbling nearly one per cent during market opening
The US claims India charges a 52% per cent tariff on US imports, but where does this figure come from? Let's find out
Cambodia was slapped with Asia's highest tariff rate of 49 per cent in Trump's levies
During Donald Trump's Rose Garden speech, a key surprise was the high tariffs on Cambodia and Vietnam, which the White House says China uses to bypass US trade penalties
The silver lining amid all this is the fact that the reciprocal tariffs on India are lower than the other economies like China at 34 per cent and Vietnam at 46 per cent, Baliga said
The Federation of Indian Export Organisations (FIEO), the apex body representing Indian exporters, acknowledged that the new tariffs would impact Indian businesses
Financial experts warn of economic slowdown as new tariffs disrupt global trade, heightening concerns over inflation, job losses, and market instability in the US
India VIX, the measure of market volatility in the domestic market, jumped as much as 10.36 per cent to 14.0, the biggest intraday jump since March 24 this year
The key risks to the upside in gold, BofA Securities said includes US fiscal consolidation, reduced geopolitical tensions, and a return to collaborative inter-governmental relations
Recently, Trump announced a 25 per cent blanket tariff on any nation purchasing oil and gas from Venezuela, effective April 2
However, economists say country's strong fundamentals, lower inflation hold hope
The attrition in US energy flows to India comes even as the US announced a 25% tariff on automobile, and proposed to impose a reciprocal tariff on Indian products from April 2