Donald Trump’s Reciprocal Tariff Fear Looms, U.S. Indices Respond With ApprehensionUS President Donald Trump ‘Liberation Day’ announcements have spooked the Asian markets, with Tokyo's Nikkei index and Australian shares opening in the red. The Indian stock market is also expected to give negative reaction, as reflected in Gift Nifty's 1.5 per cent drop. The sweeping Trump tariffs affect all major US trading partners - US President imposing a 34% tax on imports from China and 20% on the European Union, among other nations.In response to Trump's tariff announcements, the Dow...
US President Donald Trump on Tuesday once again targetted India for its high tariffs, signalling that negotiations for a trade deal may not yield concessions for New Delhi on sweeping levies such as reciprocal tariffs, which are set to take effect from April 2. He singled out the auto sector, where he said India charges tariffs of over a 100 per cent.“India charges us 100 per cent tariffs; the system is not fair to the US, it never was. On April 2, reciprocal tariffs kick in. Whatever they tax us,...