Trump tantrum: Check the Indian pulse of your portfolio. 71 stocks from 5 sectors for whom Trump may not even be noise
Membership Benefits
Access the exclusive Economic Times
Stories, Editorial & Expert opinion
Complete Access with ET Prime
Experience your Economic Times newspaper, The way you've always liked!
Get to know where the market gurus invest & grow your portfolio.
Stock Analyzer
Instant stock analysis based on Solvency, Profitability, Growth, Valuation, Momentum, Risk & More.
Now Available with ET Prime
Manage your money efficiently with this weekly guide.
Clean experience
with minimal ads
Easy & distraction-free reading with 90% less ads
Sharp Insight-rich,
In-depth stories across 20+ sectors
1500+ Exclusive stories & analysis across sectors to help you stay informed
Get One Year Times Prime Subscription worth ₹1199 for free
Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-
Enjoy unlimited access to breaking news and thought provoking stories from all around the world.
Get One Year Docubay Subscription worth ₹999 for free
Stream award-winning international documentaries from more than 100 countries.
Comment & Engage
with ET Prime community
Communicate & build a connection with great minds of the industry
A trusted team of
Journalists & Analysts
Unbiased perspective & detailed reporting by our team of journalists who have in-depth knowledge and years of experience
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
29 minutes ago
- Mint
Modi-Trump showdown over tariffs and Russia trade—explained in 9 charts
A day after the US imposed an additional 25% reciprocal tariff on India, on top of an earlier 25%, Prime Minister Narendra Modi signalled that India was unwilling to offer concessions in agriculture and dairy. 'India will never compromise on the interests of farmers, fishermen and dairy farmers," Modi said, speaking at the MS Swaminathan Centenary International Conference in Delhi, today. 'I know personally, I will have to pay a heavy price for it, but I am ready for it." And there is indeed a heavy price to pay. The additional US tariffs have put India at a significant disadvantage compared to its peers. While some sectors like electronics and pharmaceuticals are shielded by exemptions, many labour-intensive segments such as textiles, organic chemicals and carpets will bear the brunt. These sectors were already subject to high tariffs under the most favoured nation (MFN) regime. Over the past month, India-US ties have deteriorated, largely due to a deadlock over a trade deal. At the heart of the impasse are Washington's demands for greater access to India's agriculture and dairy markets, in exchange for lowering reciprocal tariffs. While the initial 25% tariff in the absence of a deal was expected, the additional penalty, reportedly linked to India's trade with Russia, has drawn criticism. India has accused both the US and the European Union (EU) of hypocrisy for targeting it and Indian companies over continued trade with Moscow, even as those very countries maintain substantial commercial ties with Russia. Even after a sharp rise in India's trade with Russia (particularly on the back of oil), it has not surpassed the level of trade the EU has despite several sanctions since the invasion of Ukraine in February 2022. However, when it comes to energy imports specifically, India is buying more from Russia than the EU does. The US, too, despite having cut down Russian imports, has continued to purchase key commodities like fertilisers, palladium, and uranium. Asked about the continued US import of Russian uranium, Trump did not offer a proper explanation. 'I don't know anything about it. I have to check it out," he said on this, many experts have also pointed out the US's double standards in taxing India, while China buys more Russian oil. China has not come under fire yet, as its trade deal negotiations with the US may come to fruition. Given the current circumstances, India does have the option to stop purchasing oil from Russia. Before the Ukraine war, India barely purchased oil from Russia. The Indian government has, time and again, claimed that the shift was made only at the request of Washington to keep crude oil prices in check. In a way, India can shift back its focus to its main oil trade partners from pre-war times, such as Iraq, Saudi Arabia, and the United Arab Emirates, among others. According to Nomura estimates, the cost of such a switch would be around $1.5 billion, assuming an average discount of $2.2 per barrel. That's a relatively small figure compared to India's total exports of $87 billion. So while India could stop buying Russian oil at minimal cost, many believe the latest US penalties are not entirely about Moscow. Rather, they reflect Washington's frustration with India's refusal to make the market access concessions it has long sought, a position the prime minister reinforced in his speech today. The escalating tensions have left India in a tight spot. It must now carefully balance the protection of domestic markets with safeguarding the interests of exporters, especially in vulnerable, labour-intensive sectors.
&w=3840&q=100)
Business Standard
29 minutes ago
- Business Standard
We should impose 50% levy on US goods: Shashi Tharoor on Trump tariffs
Congress MP Shashi Tharoor on Thursday said that India should also increase tariffs on US-made goods to 50 per cent after the first tranche of Donald Trump administration's 25 per cent tariffs came into effect. Tharoor's remarks were in response to the additional 25 per cent tariffs imposed by Trump on account of India's oil imports from Russia. Speaking to reporters, the Thiruvananthapuram MP questioned India's decision to levy a 17 per cent tariff, adding that New Delhi should not be intimidated by such actions. "It will definitely have an impact because we have a trade of $90 billion with them, and if everything becomes 50% more expensive, buyers will also think why should they buy Indian things? If they do this, we should also impose a 50% tariff on American exports... It is not that any country can threaten us like this," Tharoor was quoted as saying by news agency ANI. "Our average tariffs on American goods are 17 per cent. Why should we stop at 17 per cent? We should also raise it to 50 per cent... We need to ask them, do they not value our relationship? If India doesn't matter to them, they should also not matter to us," Tharoor noted. Trump imposes 50 per cent tariffs on India On Wednesday, Trump signed an executive order, announcing an additional 25 per cent tariff on Indian goods, bringing the country's total to 50 per cent. The executive order issued by the White House cited India's continuous imports of Russian oil as an 'unusual and extraordinary threat' to the United States. India calls the increased tariff move "unjustified" Responding to the increased tariff rate, India on Wednesday released a statement, calling the move "unfair, unjustified and unreasonable". "The United States has in recent days targeted India's oil imports from Russia,' the MEA said. 'We have already made clear our position on these issues, including the fact that our imports are based on market factors and done with the overall objective of ensuring the energy security of 1.4 billion people of India", the statement added.
Deccan Herald
29 minutes ago
- Deccan Herald
Bajaj Electricals Q1 net down 97% to Rs 91 lakh
The company had posted a consolidated net profit of Rs 28.11 crore in the corresponding quarter of the previous fiscal, Bajaj Electricals said in a regulatory filing.
