According to Ambreesh Baliga, an independent analyst, "It's essentially a pullback rally following a prolonged decline in the Indian market."
US President Donald Trump, on Monday, confirmed that tariffs on imports from Canada and Mexico will proceed as planned once the monthlong delay ends next week
Thus far in the calendar year 2025, the Nifty Pharma index has slipped 11 per cent, as against 3.7 per cent fall in Nifty 50.
Leavitt noted that Trump continues to take bold action to protect the steel and aluminium industries of the US
President Donald Trump's tariffs on steel imports this week could wreak havoc on American auto manufacturing, industry leaders say. The moves align with the Trump administration's aggressive global trade agenda and ambitions to strengthen US industry, but they could have an inverse effect. On March 12, all steel imports will be taxed at a minimum of 25%, the result of two orders the president signed Monday that also include a 25 per cent tariff on aluminum. That could have a serious impact on domestic auto companies including Ford, GM and Stellantis and make these companies' vehicles more expensive for the nation's car buyers. Tariffs on crucial products coming from outside of the US places pressure on domestic sourcing of the materials, experts say. The basic rules of supply and demand could drive up costs. "Steel producers have to find ways to increase capacity, and aluminum and steel might be in short supply in the short term," said Sam Fiorani, analyst at AutoForecast Solutions
Mexico, Canada and China account for about half of all American agriculture exports, and the US has become increasingly reliant on its two neighbours for fruit and vegetables
The British government on Friday said it has an argument in favour of convincing US President Donald Trump not to impose tariffs on its trade with the UK. Business and Trade Secretary Jonathan Reynolds told the BBC that the United States did not have a trade deficit with the UK on manufactured goods, which would make tariffs unnecessary. "We've obviously got a services-based economy. The US does not have that deficit with us so if that's the logic of that position, I think we've got an argument to engage with," said Reynolds. Tariffs are a key part of Trump's economic agenda as he assumed office for a second term earlier this week. He not only sees them as a way of growing the US economy, protecting jobs and raising tax revenue but also as leverage to pursue other policies targeted at certain countries. He has indicated a tax on imports from China and has also threatened tariffs on Canada and Mexico. Tariffs, or higher taxes on imports to the US, would make it more expensive for ..
In 2023, bilateral trade between India and the United States reached $117.8 billion, with India importing goods worth $42 billion and exporting $75.8 billion
Justin Trudeau met US President-elect Donald Trump for dinner to discuss the Republican leader's proposed tariffs on Canada. Here's what reportedly happened at the meeting.
Tariffs were Trump's weapon of choice early on, but as China policy hardened he expanded the arsenal
US President Donald Trump slapped import tariffs of 25 percent on steel and 10 percent on aluminium on Thursday