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.
Canadian Prime Minister Justin Trudeau on Friday issued a warning regarding the potential imposition of tariffs by the United States, stating that "Canada will have an immediate and extremely strong response."
"Drugs are still pouring into our Country from Mexico and Canada at very high and unacceptable levels. A large percentage of these Drugs, much of them in the form of Fentanyl, are made in, and supplied by, China. More than 100,000 people died last year due to the distribution of these danger
"We've lost millions of people due to fentanyl. It comes mostly from China, but it comes through Mexico, and it comes through Canada. I have to tell you that on April 2nd, the tariffs go on...and I think you're going to see something that's going to be amazing," he said.
The Indian stock markets are expected to closely monitor foreign institutional investor (FII) flows, sectoral insights from auto sales data, banking performance, updates on US tariff policies, and US PCE inflation data, as these factors could influence expectations regarding the US Fed's rat
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.
In fulfilment of a key election promise, APERC passed a tariff order stating that retail electricity tariffs remain unchanged in the next financial year 2025-26, the commission said in its order.