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Benchmarks brace for Trump tariff turbulence
Financial Express Pune
|July 31, 2025
How Sensex Reacted To US President's Announcements
US PRESIDENT DONALD TRUMP'S decision to slap India with a 25% tariff on exports, with an additional penalty, is expected to cause a sharp fall of 0.5% to over 1% in the equity markets on Thursday. Though market experts believe there are chances of a renegotiation similar to what has happened with other countries, investors are likely to be on the tenterhooks till things settle down.
According to Nilesh Shah, MD, Kotak Mahindra AMC, the markets will react negatively. "Despite the unpredictable policymaking of the US, the market was expecting a tariff deal to work out as longer-term US India strategic interests are aligned," he said.
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