US President Donald Trump in a new post has claimed that the imposition of tariffs will lead to a huge number of Americans seeing a decline in their income tax. In a post on Saturday on his social media platform Truth Social, Donald Trump claimed that the tariffs will help reduce income tax for people,…
Stock markets around the world have been experiencing extreme wild swings in the last few days after US President Donald Trump announced sweeping tariffs on goods imported from the rest of the world. India’s benchmark indices, the Sensex and the Nifty 50, ended 3 per cent lower on Monday. Barring HUL and Zomato, all stocks…
The US benchmark indices continued their downward run on Friday, with Wall Street’s fear level at a five-year high amid Donald Trump’s announcement of sweeping new tariffs earlier this week and China retaliating with a 34 per cent levy on all US imports. Trillions were wiped off stock market values as investors and economists said…
Global market today: After strong selling in the Asian and European stock markets, the US stock market witnessed the worst crisis since COVID-19. Wall Street nosedived for the second straight session, confirming the Nasdaq Composite index and Dow Jones Industrial Average were under the bears’ grip. In the last two days post-Trump’s tariffs, the DJI…
Mumbai: A spell of weakness in Asian markets spilled into Indian equities on Friday, sparking a sell-off that swept across sectors. Indian markets that averted a steep fall a day earlier plunged 1.5%, as fears of a US recession and its consequences grew. A key victim was the pharmaceutical sector, which US president Donald Trump…
Stock market today: The Indian stock market snapped a two-day losing streak and finished higher on Wednesday. The Nifty 50 index ended 166 points higher at 23,332, the BSE Sensex finished 592 points northward at 76,617, and the Bank Nifty index went up 520 points and closed at 51,348. This resurgence was driven by broad-based…
Congress leader and former Finance Minister P Chidambaram said India can’t be in uncertainty as US President Donald Trump’s tariff threat looms. He said the country must have alternative scenarios and a “reactive policy’. “What if they take one step forward? What is our response? What if they take two steps backwards? What is our…
US stock market ended sharply lower on Thursday, with the benchmark S&P 500 confirming it is in a correction, amid fears for inflation and recession in the world’s largest economy due to the escalating tariff war. All three major US stock indexes closed lower, as broad selloff in tech and tech-related megacap shares dragged the…
US President Donald Trump | Photo Credit: AFP US President Donald Trump announced plans Thursday for sweeping “reciprocal tariffs” hitting both allies and competitors, in a dramatic escalation of an international trade war that economists warn could fuel inflation at home. Speaking in the Oval Office, Trump said he had decided to impose the reciprocal…
While there was always a possibility Donald Trump might impose steep tariffs on friends and competitors alike if voted to power, the common belief was that he was not serious about them, and that such Trumpian bluster was just his transactional style. Also Read: Trump’s deeds may not have the same bite as his plans…
