Shares of this sector may reach the verge of sinking!
US President donald trump has now come out with a new tariff weapon. He has said that America can implement reciprocal tariffs from April. If this happens, the indian stock market, which is already down, will be affected even more badly. Especially there are some sectors of india, whose shares will be most affected by the reciprocal tariff. Come, in this news, let us tell you how Trump's reciprocal tariff is going to harm some big shares of the indian stock market.
Which sector's shares will be affected badly?
It is believed that the sector whose shares will be most affected by the reciprocal tariff includes - chemicals, metal products, jewelry, automobile, pharmaceuticals and food products sector. Apart from this, the shares of textile, leather and wood products companies will also be affected by Trump's reciprocal tariff.
Recently, trump had announced a 25 percent tariff on the import of steel and aluminum from three countries, due to which the shares of big steel and aluminum companies listed in the indian market crashed.
How much loss will the whole country suffer?
Now let's come to the point that how much loss will the whole of india suffer due to America's reciprocal tariff. According to the report of CitiGroup, india can suffer a loss of about 7 billion dollars i.e. about Rs 58,000 crore every year due to this decision of the trump government. But this is the reason why the indian government is preparing a new trade agreement with America to avoid this new tariff structure and to understand it. It is believed that if this happens, the indian economy will be saved from Trump's tariff havoc.
What is the market situation today?
Donald trump on tuesday announced a 25 percent tariff on auto and pharma imports in the country, along with this, he also announced a 25 percent tariff on semiconductor chips. Due to this decision, today the BSE Sensex opened with a decline at 75,787 points. Apart from this, the Nifty50 of the National Stock Exchange (NSE) also opened with a decline.
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