Trump's tariffs hit..!! World markets are shaking..!?

US President donald trump has taken a sensational decision. He announced that he would impose at least 10 percent tariffs on products from all countries in the world, including India. With this, stock markets around the world have fallen sharply. Especially in Asian markets, there was a huge jolt. On the other hand, in the wake of these developments, gold prices are skyrocketing as investors are turning to safe investments. gold has recently set a new record. Asian markets were shaken by the blow of Trump's tariffs. Japan's Nikkei lost more than 3.4 percent on thursday morning.
The US has imposed 24 percent tariffs on this country. South Korea's KOSPI is trading 1.9 percent lower and Australia's ASX is trading 1.8 percent lower. Experts predict that indian markets are also likely to open lower on Thursday. US markets, which were in slight gains before Trump's announcement, collapsed suddenly afterward. The S&P 500 futures index fell 3 percent, the Dow Jones futures index fell 2 percent, and the Nasdaq futures index fell 4 percent. With this, US markets are likely to suffer heavy losses in Thursday's trading. gold prices are hitting new highs as investors look to gold due to volatility in global markets. Spot gold prices in the US market rose 0.4 percent to $3,145.93 per ounce. At one point, it reached a new high of $3,167.57. US gold futures rose 0.1 percent to $3,170.70 per ounce. oil prices fell slightly on Thursday. Brent futures fell 2.63 percent to $72.98 per barrel. Crude futures also fell 2.76 percent to $69.73. The indian rupee is likely to depreciate by 10-15 paise in Thursday's market.
Trump imposed 26 percent tariffs on India. Of this, 10 percent will come into effect from april 5, and the remaining 16 percent from april 10. However, india does not consider these tariffs as a setback. A senior official of the Union Commerce Department said that the tariffs will be reduced if the US concerns can be addressed. trump said that indian Prime minister Modi is his great friend, but he accused india of not treating the US right and imposing 52 percent tariffs on its products. That is why he clarified that they are imposing 26 percent tariffs. trump made an announcement on the tariffs in Washington on wednesday evening. He justified this decision because other countries are imposing high tariffs on American products. It remains to be seen what changes will take place in the global economy in the wake of these developments.
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Sowmiya Sriram

03/04/2025 06:52 PM