The Indian stock markets extended their strong rally into the second consecutive week, buoyed by strong foreign inflows and a recovery in domestic economic indicators.
President Donald Trump's reciprocal tariffs have started a global trade war and it will reduce not only the growth of the United States (US) and the world but also push up inflation and delay Federal Reserve rate cuts in US according to a report by Fitch Ratings.
Patanjali Founder Baba Ramdev on Sunday strongly condemned US President Donald Trump's decision to impose reciprocal tariffs, which would be initiated from April 2, calling it a form of "tariff terrorism."
Congress MP Manish Tewari on Saturday said that if India has decided to reduce tariff under the pressure of US then it is "unfortunate" and "does not make for good trade policy."
In a weekly briefing, MEA spokesperson Randhir Jaiswal said that the agreement aims to strengthen and deepen India-US two-way trade in goods and services, increase market access, and reduce tariff and non-tariff barriers.
US Commerce Secretary Howard Lutnick on Friday expressed optimism about India-US trade ties, emphasizing the need for India's agricultural trade to open up amid US President Donald Trump's plans to impose reciprocal tariffs on US trading partners, including India.
On the outset of trade wars with the United States, Beijing pledges to make domestic demand its main economic driver. The escalating trade war with the US is hitting Chinese exports, especially with the reciprocal tariffs that Trump has announced.
"The President has been very tough on China, not just now with 20 per cent and more with the reciprocal tariffs that will hit on April 2nd, but look at what he did in his first term. There were billions of dollars' worth of tariffs that he implemented on China, and it's quite telling that
The BSE Sensex started the session 162.63 points higher at 73,152.56, while the Nifty 50 gained 52.85 points, opening at 22,135.50. Market breadth showed 30 Nifty companies advancing, while 20 declined, reflecting cautious optimism among investors.
US President Donald Trump on Friday announced that he will soon impose reciprocal tariffs on countries like India and China, asserting that the United States will charge the same tariffs these nations impose on American goods.
Speaking at a press conference, Khera said "He was not invited to President Donald Trump's swearing-in ceremony, but he went there anyway. US President Donald Trump said he would impose reciprocal tariffs, but PM Modi was just smiling... PM Modi came from the US after hearing Trump's threat.