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Mkt sheds 1,500 points, investors lose ₹10 lakh crore
The New Indian Express Jeypore
|August 29, 2025
DOMESTIC equity market experienced a significant sell-off following the Trump administration's imposition of an additional 25% tariff on Indian goods, raising the total levy to 50%.
This move severely dampened sentiment, particularly for firms that derive a substantial portion of their revenue from the US.
The 50% duty on approximately $45 billion worth of exports is expected to adversely impact India's export economy and could lead to widespread job losses in key labour-intensive sectors such as textiles, gems and jewellery, and leather. The sentimental impact of this development is believed to be highly negative from the market perspective.
Dit verhaal komt uit de August 29, 2025-editie van The New Indian Express Jeypore.
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