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Impact of Trump Tariff on Share Market: US President Trump has put 25 percent tariff on India, which is also seen on the stock market. The market has registered a decline since this decision.
Impact Of Trump Tariff On Share Market : The impact of 25 percent tariff on India by US President Donald Trump is now visible. The stock market has recorded a decline since the tariff announcement. However, it will be implemented from 1 August. At the same time, the Sensex has fallen by 786.36 points to 80,695.50 in early trade, while the Nifty has fallen by 212.8 points to 24,642.25 points. This announcement has been made by Trump at a time when no consensus has been made on business agreements between the two countries.
Market open with a decline
Since the announcement of the tariff, the stock market was seen in early trade. The Sensex is trading 786.36 points to 80,695.50 points. The 50 -share Nifty has fallen by 212.8 points to 24,642.25 points. This decision is being seen as a strategy to pressurize New Delhi to accept America’s demands.
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India is purchasing
Let us tell you that this penalty has been imposed on India at a time when India has made huge purchases of oil and military equipment from Russia. India is the first country to suffer a fine for Russian imports. Along with 25 percent tariffs on India, the procurement of energy and defense from Russia is very bad news for Indian exports and this will also affect the development prospects of the Indian economy in a short term.
Asian markets also declined
At the same time, South Korea’s Kospi, Shanghai’s SSE Composite Index and Hong Kong Hong Seng were trading in Asian markets with a decline, while Japan’s Nikkei was trading with 225 green mark.
Also read: Share Market: Trump’s threat did not affect the stock market, both index jumped
