Indian stock markets are set for a turbulent start as global jitters over Trump’s new tariffs weigh on. Early trends from GIFT Nifty point to a sharp drop of over 350 points, signaling a weak opening for Sensex and Nifty 50. Indian stock markets ended on a positive note in the previous trading session, with both benchmark indices posting gains on April 2. The Sensex surged 592 points, or 0.78%, to close at 76,617, while the Nifty advanced 166 points, or 0.72%, to settle at 23,332.
Global and domestic cues to know on April 3, 2025 Trump’s Tariff: A flat 10% duty on all imports
Starting April 5, Trump’s tariff policy introduces a universal 10% duty on all imported goods entering the US. This sweeping move aims to curb foreign reliance and boost domestic manufacturing. Industries ranging from automobiles to electronics and pharmaceuticals will face higher costs, potentially affecting global trade flows.
Trump’s tariff targets key trading partners
Beyond the blanket tariff, Trump’s tariff singles out 60 countries with significant trade imbalances. China faces the steepest hike at 34%, while India (26%), Japan (24%), and the European Union (20%) will also see major increases. These tariffs, effective April 9, 2025, aim to pressure trading partners into reducing their export advantage over the US.
ALSO READStocks To Watch: From Tariff impact on auto to Reliance Industries, HDFC, Bharat Dynamic, here’s a list of over 10 stocks in news today Trump’s Tariff shake-up: Supply chain disruptions
With higher import costs, Trump’s tariff policies could upend global supply chains, hitting industries like automobiles, IT, electronics, and pharmaceuticals. Companies dependent on imports may pass costs onto consumers or shift operations to the US to sidestep duties.
Trump’s tariff sparks market turmoil
Financial markets reacted sharply to Trump’s tariff announcement, with Dow Jones futures plummeting over 1,000 points. The S&P 500 and Nasdaq fell by 3.9% and 4.7%, respectively.
Asian Markets
Asian stock markets tumbled as investors reacted to Trump’s sweeping tariff move. Japan’s Nikkei 225 fell sharply, while South Korea’s Kospi and Hong Kong’s Hang Seng futures pointed to a weak start. Markets across the region are seeing heavy losses, with key sectors like automobiles and electronics facing pressure due to higher US import duties.
US market
US stocks closed in the green after another turbulent trading day,
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