India remains ‘insulated’ from a potential downturn in US markets, says Geojit Fin Services’ Vinod Nair

News Snapshot:

The U.S. tariff disruption to the world has intensified. Following the imposition of an additional 10% tariff on Chinese imports in February, the rate was further increased by another 10% in March. Consequently, the average U.S. tariff on Chinese goods could reach 39%, marking a steady rise over the past eight years. Additionally, a 25% tariff on all steel and aluminium imports, regardless of the country, will be implemented from March 12, 2025. In retaliation, China has imposed reciprocal tariffs of 10% to 15% on U.S. food product imports. To minimize the impact of rising tariffs, Chinese manufacturers have increasingly...