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US President Donald Trump has announced significant tariffs on Canada, China, and Mexico. Warren Buffett described the tariffs as an 'act of war'. In response, Canada and Mexico plan to impose counter-tariffs. Trump also increased tariffs on China, with Beijing threatening retaliation. The situation is likely to escalate trade tensions globally.
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News and Media
Ajay Srivastava, CEO of Dimensions Corporate Finance, emphasizes that market recovery hinges on FIIs halting their sales. He advises investors to hold on to good stocks despite the current downturn, suggesting the hospitality and pharma sectors show resilience, while real estate struggles. Regulatory changes and sensible taxation are crucial for market revival.
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Swaminathan Aiyar warns that the US-China trade war and global uncertainty will impact India's GDP and world trade, leading to slower economic growth. He predicts a potential severe fall in equity markets and emphasizes that India's role in this geopolitical shift is minimal, suggesting India should observe and adjust as needed.
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News and Media
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