The earnings targets of the Nifty index in the first half of FY26 are expected to be reduced further amid the ongoing trade tensions due to the US tariff policy, according to a report by PL Capital.
China has called on the United States to correct its mistakes by "completely cancelling" its tariffs, describing them as "wrong practice" and urging Washington to return to a "path of mutual respect" towards Beijing, France 24 reported.
Textile importers based in the US are reaching out to Indian exporters, asking them to bear the costs that may emanate from the US tariffs going forward, two industry executives told ANI.
Chinese export hubs like Shanghai and Guangdong are experiencing early disruptions as the US-China tariff war escalates. With shipping halted and factories at a standstill, tensions have intensified following sharp reciprocal tariff hikes announced by both governments this week.
Guidance posted by Customs and Border Protection, which collects duties on imports, indicated roughly 20 products that would be exempted from reciprocal tariffs. The electronic items include smartphones, computers, semiconductor chips and routers.
The US crackdown on low-value Chinese e-commerce shipments has opened a rare and potentially lucrative window for Indian exporters, said GTRI in a report.
"Given, India's price competitiveness and supportive government policies, we expect GDP to see only a 0.1 per cent impact," said PHDCCI in a statement.
Senior research fellow Shruti Rajagopalan welcomed America's decision to pause the trade tariffs for a window of 90 days and expressed her views on the global trade order. She also spoke about the steps Indian policymakers can adopt to make exports more competitive. Rajagopalan made the r
Speaking about how various global groupings will step up to meet the challenges arising from the US trade tariffs, Carnegie Europe Director Rosa Balfour said that countries and large blocs are coming together to ensure they have a "web of relationships" that can preserve global trade.
Habil Khorakiwala, Chairman of pharma company Wockhardt on Friday indicated that any imposition of tariffs on pharma products by the US administration would be counterproductive for the Americans.
Dr Huzaifa Khorakiwala, Executive Director of Wockhardt Limited, on Saturday said that the fall of US reciprocal tariffs on Indian pharmaceutical products will pose a significant challenge to the industry.