Thursday, July 31, 2025
Indian stock markets shrug off Trump's 25% tariff threat
By Arun Leslie John in 'Century in News'
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Arun Leslie John, July 31, 2025, Gulf News
Dubai: Indian stock market investors have shrugged off the 25% tariff threats from US President Trump – at least for now. Investors are also taking confidence from US-India trade talks scheduled for mid-August.
After starting the day on the wrong foot, with Sensex falling nearly 1% after the first 30 minutes of trading, there was a marked pick up in sentiments.
“However, sentiment began to stabilize by mid‑morning. The Sensex then clawed back over 550 points from its lowest level, bringing its net loss to less than 0.1% for most of the session.
“The Nifty, similarly, bounced back above the 24,800 mark. Both indices retraced much of their losses as optimism surfaced about diplomatic engagement and the potential for renegotiating tariff terms down to 15%–20% in talks scheduled for mid‑August.”
At around 1:45pm UAE time, the Sensex is flat, down 0.27% to 81,260. (The market closed 296 points down, or by 0.36%.
It was evening of Wednesday (July 30) that Trump brought out the 25% tariff card. Trading partners with the US had until August 1 to finalize some sort of arrangements. The US announced the deal with the EU over the weekend and also struck one with South Korea on Wednesday.
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