Indian stock markets on Wednesday reversed the gains, with both indices declining in opening, taking cues from global markets as Trump announced China tariffs of 104 per cent loom, showing no near relief in the tariff dark clouds.
Meanwhile, Union Minister Hardeep Puri on Tuesday said he was confident India will emerge stronger from the fallout of the US administration tariffs once the bilateral trade agreement between the two partner countries is finalised.
Meanwhile, Union Minister Hardeep Puri on Tuesday said he was confident India will emerge stronger from the fallout of the US administration tariffs once the bilateral trade agreement between the two partner countries is finalised.
The White House on Tuesday (local time) announced the imposition of a 104 per cent tariff on China starting Wednesday, marking a significant escalation amid the tariff tension which caused major turmoil in the global markets.
US Trade Representative Jamieson Greer testified before the Senate Finance Committee on Tuesday and defended the Trump administration's move of imposing tariffs on multiple countries while shrugging off concerns regarding the policy.
Kochi (Kerala) [India], April 8: The US Government announced reciprocal tariffs on all goods being imported to the US, which will have major impact on global trade, disrupting the established supply chain. The tariff proposed for India is 26% on all products exported to the US, including sea
According to the US daily, Musk's attempted intervention was unsuccessful and the CEO of X and Tesla also disagreed with other high-ranking Washington officials on issues such as migrant visas and DOGE's approach to government spending
"The economy has taken a wrong turn. We had been saying earlier too that if this economy is not managed, it will have a huge impact on Indian trade, and employment opportunities will drastically reduce. Strengthening the economy is very essential," Shukla told ANI.
Union Minister Hardeep Puri on Tuesday said he was confident India will emerge stronger from the fallout of the US administration tariffs, once the bilateral trade agreement between the two partner countries is finalised.
Congress leader TS Singh Deo on Tuesday attacked the central government over US tariffs and said that the government did not take the steps that should have been taken.
Questioning the "silence" of Prime Minister Narendra Modi on the US imposing tariffs, Congress leader Pawan Khera on Tuesday said that the PM should make a statement to maintain people's confidence on the economy and, stock market.