Indian markets opened on a cautious note on Wednesday, following mixed global cues and renewed concerns over the U.S.-China trade tensions. At 9:40 a.m., the BSE Sensex was at 82,287.67, up 257.69 points or 0.31 per cent, while the NSE Nifty 50 stood at 25,230.10, up 84.60 points or 0.34
In an official release, the Department of Posts of the Ministry of Communications said that the move follows the successful implementation of a new Delivery Duty Paid (DDP) mechanism to comply with updated regulations issued by US Customs and Border Protection (CBP).
The Chinese Ministry, in a statement, outlined a phased escalation for the special port fees on eligible US vessels berthing at Chinese ports, which will initially be 400 yuan ($56) per net ton from Tuesday and increase annually on April 17 for the subsequent three years.
US Treasury Secretary Scott Bessent said the US and China had "substantially de-escalated" and that he expected a planned meeting between Trump and Xi at the APEC forum in South Korea in late October to go ahead.
Indian stock market opened in the positive territory on Tuesday, though investors remained cautious as the India-US trade deal continues to progress with talks moving ahead.
ongress MP Jairam Ramesh on Monday highlighted US President Donald Trump's claim of stopping the India-Pakistan conflict, saying that this was the 51st time of his reiteration.
China rejected new US sanctions, saying it will take necessary steps to protect its interests. Foreign Ministry spokesperson Lin Jian urged the US to correct its approach and resolve differences through dialogue, stressing that both sides should maintain ties based on equality, respect, a
India's textile and apparel exporters are facing severe disruptions following the United States' imposition of a 50 per cent additional tariff, according to a nationwide survey conducted by the Confederation of Indian Textile Industry (CITI).
The Indian markets opened under pressure on Monday as selling returned to equities amid renewed global uncertainty following U.S. President Donald Trump's announcement of fresh tariffs on China.
US President Donald Trump claimed that he utilised tariffs as a tool to resolve several international conflicts, including the tensions between India and Pakistan. He made the remarks while speaking to reporters during a press gaggle aboard Air Force One.
China has pushed back against US President Donald Trump's decision to impose new tariffs on Chinese goods, calling the move hypocritical and defending its own export restrictions on rare earth materials and related equipment.