Trump Tariff Impact: Apparel, Textiles, Diamonds, and Organic Chemicals Among Most Affected Sectors
Apparel, Textiles, Diamonds, gold, Carpets, Organic chemicals, furniture, shrimps, machinery and mechanical appliances are among the sectors that will be the most affected by additional 25% tariffs imposed by the United States of America. With this hike, the cumulative tariff on India adds up to 50%. This additional 25% tariff will come into effect from Aug. 27, as per the order.
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Asia Market Update: Nikkei 225 And CSI 300 Rises Amid Tariff Threats
Most markets in Asia-Pacific region rose on Thursday amid tariff threats as US President Donald Trump also plans to give concession companies moving back production to the US.
The Nikkei 225 and CSI 300 were trading 0.87% and 0.32% higher, respectively as of 7:38 a.m.
US Market Update Live: Dow Jones And S&P 500 Futures Rise
The Dow Jones Industrial Average and S&P 500 futures rose in early trade on Thursday despite US President Donald Trump’s threat to impose 100% tariff on semiconductors.
The Dow Jones Industrial Average and S&P 500 futures were trading 0.31% and 0.30% higher, respectively as of 7:34 a.m.
Stock Market Live Update: GIFT Nifty Implies Slightly Higher Open; Hero MotoCorp, Dixon Tech Shares In Focus
The GIFT Nifty was trading 0.08% or 20 points higher at 24,556.50 as of 6:40 a.m., which implied a positive open for the NSE Nifty 50.
Traders will keep a close eye on automobile and original equipment manufacturing stocks because of tariff uncertainty on semiconductors. Sanghvi Movers, Jindal Stainless, and Hero MotoCorp likely be in focus because of first quarter earnings.
The Indian equity benchmark indices closed lower for the second consecutive day as Wipro, Sun Pharma, Jio Finance along with others weighed on the index. The NSE Nifty 50 benchmark ended 75 points, or 0.31% lower at 24,574, and the 30-stock BSE Sensex ended 166.26 points, or 0.21% lower at 80,543.
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