Reciprocal tariffs imposed by the US significantly raise risks for a recession in the US and constrain the US Federal Reserve's ability to lower interest rates further, Fitch Ratings said in a note.
The imposition of high reciprocal tariffs by the US on other competing nations raises the possibility of increased dumping by those nations in India, as well as in other export markets, which could negatively impact certain sectors, CareEdge Ratings said in a report.
After a volatile week post the announcement of reciprocal tariffs by the Trump administration, Indian stock indices are set to take cues from the upcoming monetary policy review meeting (April 7-9), followed by the scheduled release of domestic inflation data.
India should strengthen its Production Linked Incentive (PLI) schemes in light of growing global trade competitiveness, especially after U.S. President Donald Trump announced reciprocal tariffs on several countries, including India, according to a report by State Bank of India (SBI).
The US stock markets tanked more than 5 per cent on Friday after Donald Trump's reciprocal tariffs sparked fear among investors of a global economic recession.
US President Donald Trump on Friday spoke with To Lam, the General Secretary of the Communist Party of Vietnam and said that during the conversation, Lam expressed Vietnam's willingness to reduce its tariffs to zero if an agreement could be reached with the United States.
US President Donald Trump on Friday said that his administration had been working on a deal to "save TikTok" and said that he would be signing an executive order to keep the app operational for an additional 75 days.
In response to the United States imposing a 26 per cent reciprocal tariff on India, Roman Babushkin, Minister of Counsellor and Deputy Chief of Mission at the Embassy of Russia in India, emphasised Russia's confidence in its relations with India and said that despite "deliberate attempts" to
Donald Trump has reacted to the tariffs imposed by China. He said that China had "panicked" after his announcement of tariffs imposed on China on Thursday.
Indian stock indices closed the week on a sour note, extending losses from the previous session. They were weighed down by the Trump reciprocal tariffs and the uncertainties surrounding them.