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Indian chemical and auto stocks, including Navin Fluorine, PI Industries, and Bharat Forge, fell up to 6% following the U.S. administrations 26% blanket tariff on Indian imports. The chemical and automobile sectors, with significant U.S. exposure, are expected to face demand and revenue pressures. India is in talks with Washington to minimize economic fallout from the tariffs.
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Rajeev Agrawal from DoorDarshi India Fund explains that Trumps tariffs will start high to push negotiations and significantly impact the US consumer first. India, with a 26% tariff, is less affected compared to competitors like China, Bangladesh, and Vietnam, potentially benefiting India's export market. Short-term economic slowdown and inflation in the US are expected outcomes.
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Visitors can pay for milk and meats from suppliers on The Romney Marsh by tapping their bank cards.
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