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.
Trump said, "Please explain to Governor Trudeau, of Canada, that when he puts on a Retaliatory Tariff on the U.S., our Reciprocal Tariff will immediately increase by a like amount!"
The Chinese spokesperson further said, "Intimidation does not scare us. Bullying does not work on us. Pressuring, coercion or threats are not the right way of dealing with China. Anyone using maximum pressure on China is picking the wrong guy and miscalculating. If the US truly wants to s
But the tariffs threaten to weaken the North American economy, including that of the US, causing significant stress for already inflation-weary consumers, as per CNN.
China's finance ministry announced 15 per cent tariffs on imports of chicken, wheat, corn and cotton from the United States, as well as 10 per cent tariffs on imports of "sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, and dairy products," Chinese state media said.
Canadian Prime Minister Justin Trudeau on Monday (local time) announced that retaliatory tariffs on US goods will go into force at midnight on Tuesday if the US tariffs on Canadian imports take effect.
Indian stock markets witnessed a continued selling spree on Tuesday as both benchmark indices opened in the red, reacting to global concerns over slowing economic growth in the US and the impact of new tariffs imposed by US President Donald Trump.
In the first week of February, Trump announced 25 per cent tariffs on imports from Canada and Mexico and an additional 10 per cent on goods from China. Later on February 4, he paused tariffs on imports from Canada and Mexico for 30 days, saying that he had secured new commitments from the
In absence of major domestic events next week starting from Monday, the investors in the Indian stock markets will watch trends of foreign sellings, developments around the US tariffs, geopolitical risks, and upcoming Purchasing Managers' Index (PMI) releases.