US Tariff War: india benefits from Trump's strictness on china, blue chip shares will be back on track
Tariff war Impact: The US has stopped the heavy import tariff imposed against canada and mexico for a month. Due to this, the blue chip shares of the indian stock market have gained momentum. The US has stopped the heavy import tariff imposed against canada and mexico for a month. The US has taken this step in view of the fear of global leaders that a terrible trade war may break out in the world. But it will continue against China. The blue-chip shares of the indian stock market have welcomed this move of the US by rising to the peak.
As soon as the market opened on Tuesday, there was a trend of rising in the shares of such companies. Experts believe that with the stopping of the tariff war against two American countries, not only blue chip shares but the entire indian stock market will also be in profit. Especially india will get an edge in beating the rest of the stock markets of Asia. Because investors feel that the heavy import tariff of the US against china will ruin the Chinese economy. The rest of the Asian stock markets also have some or the other reasons related to the tariff war. In such a situation, investors are looking towards india with hope. Therefore, india can be in profit.
Despite the withdrawal of tariffs imposed against canada and mexico, many index markets were trending upward after the market opened due to the heavy tariff imposed on china effective from 10.31 am. The blue-chip NSE Nifty 50 opened higher than Monday's closing level of 23,361.05. Other Asian markets also rose after tariffs against canada and mexico were halted for a month. Wall Street stock markets closed with a decline overnight but recovered a little from the heavy losses incurred initially after Trump's decision.
There was a state of panic in the global financial market due to Trump's tariff attack. Due to this, the rupee had gone to the bottom against the dollar in the previous market and the dollar had gained momentum.
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