Mkt may see positive start amid volatility

Striking down of Trump's global tariff order by US top court is positive for mkts, temporary tariffs to raise uncertainty

- ARSHAD KHAN @ New Delhi

DOMESTIC equity market is likely to witness a positive start on Monday following the US Supreme Court's decision to strike down President Donald Trump's global tariff order.

However, the market may face uncertainty over Trump's future course of action and his announcement that temporary tariffs on all US imports will be raised from 10% to 15%.

"This development is a significant positive for export-ori-ented sectors as businesses will now be subject to a uniform 10% global import duty under Section 122 of the Trade Act of 1974 for 150 days - a provision that has been invoked for the first time. For India, the effective tariff burden is expected to ease from 25% to 10%. Although an 18% rate had been broadly agreed upon under the interim trade understanding, it was yet to be formally notified," said Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities.