Indian stock market is still on top level despite tariff orders of Trump.
Greetings everyone!
The USA president Donald Trump had imposed 25% tariffs on Indian imports. Now he has increased it to 50%. This is a big issue for India. India has a trade surplus with the USA and if this happens, then Indian exports to the US will suffer drastically.
In one hand the US and the European Union had trade of oil, minerals with Russia but they are threatening India for buying oil from there. Isn't this a double standard? These countries had destroyed Iraq, Afghanistan and so many countries in recent past but they are blaming countries for the Ukraine Russia war who have no role there.
Despite their threat, Indian stock market is performing well. Even it is near to its all time high level. This is very interesting. It means Indian investors still have faith on Indian economy and they are positive or they think that trade deal with the west will be finalized and those tariffs would be reduced. It may also be possible that the government is pushing the market despite of these tariff orders in order to show that India is not under pressure. What do you think?