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Showing posts with the label Reciprocal Tariff

Trump tariff tidal wave hits markets: Why India may dodge the trade bullet

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[hfe_template id='11223'] [ad_1] Donald Trump’s tariff blitz has sent global markets into a tailspin, but India could emerge as an unlikely survivor. While China’s Hang Seng fell 1.5%, Japan’s Nikkei slid nearly 3%, and Nasdaq futures slumped over 3%, India’s Sensex and Nifty barely flinched—ended the day just about 0.4% weaker. The reason? India now faces a 27% tariff—higher than expected but still lower than the crushing 54% levied on China (20% existing + 34% newly imposed). Vietnam, Bangladesh, and Thailand also took bigger hits, keeping India in a relatively stronger position. Moreover, sectors like pharmaceuticals, semiconductors, copper, lumber, gold, energy, and minerals have escaped the tariff dragnet, at least for now. Venugopal Garre of Bernstein emphasized that, while the headline number looks high, India’s key strengths remain intact. “At first glance, the 26% tariffs imposed on India seem rather high, higher than what India levies on most U.S. items. Howeve...

Japan's Nikkei ekes out gain in countdown to Trump tariffs

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[hfe_template id='11223'] [ad_1] Japan's Nikkei share average ended Wednesday with a small rise after swinging between gains and losses, as traders positioned for U.S. President Donald Trump's tariffs. The Nikkei finished up 0.28% at 35,725.87. Earlier, it had slipped 0.56% to 35,426.33, its lowest since September 11, after opening the day higher. The broader Topix also opened higher but quickly reversed direction to sink as much as 1.17%. It ended down 0.43%. The Nikkei performed relatively better as some of its most heavily-weighted stocks gained, including Uniqlo-owner Fast Retailing, up 3.74%, and chip-testing equipment maker Advantest, jumping 2.55%. Both stocks were rebounding off multi-month lows reached earlier this week. Energy shares were under particular pressure on the Tokyo bourse, after crude oil eased off of five-month highs overnight. Electric and gas stocks dropped 2.75% and miners , including oil explorers, declined 2.2%. Live Events For wee...