US stocks tumbled in after-hours trading as President Donald Trump delivered remarks at the Rose Garden and unveiled sweeping tariffs, according to a report by CNN.
US President Donald Trump announced new import tariffs on Wednesday (local time), outlining the rates to be imposed on countries around the world, with India facing a 26% tariff.
With US President Donald Trump set to announce reciprocal tariffs later today, a report by Motilal Oswal suggests that its impact on India will be minimal.
Congress MP Renuka Chowdhury on Wednesday moved suspension of Business Notice in Rajya Sabha to discuss the impact of US Tariffs on India which are slated to come in effect from today.
The Indian stock markets opened marginally higher on Wednesday, witnessing gains in the banking and IT sector stocks, as the market participants are eagerly waiting the US tariff scheduled to be announcements on April 2.
At the directive of Prime Minister Benjamin Netanyahu, Finance Minister Bezalel Smotrich and Economy and Industry Minister Nir Barkat, Israel has cancelled all of the customs duties - tariffs - that have been levied until now on products from the US, Israel's largest trading partner.
In a move that's left many on edge, President Trump's highly anticipated tariffs are set to take effect sooner than some had expected--as in immediately, the White House said Tuesday.
Indian stock markets on Tuesday ended lower for the second consecutive trading session, exhibiting a situation of jitters due to the US tariffs scheduled on April 2.