logo
Job losses, salary cuts and shutdowns: This country is in massive danger due to Trump's taxes, the country is...

Job losses, salary cuts and shutdowns: This country is in massive danger due to Trump's taxes, the country is...

India.com6 days ago
Donald Trump- File image
US-China trade war: In a major update amid the global trade war initiated by the United States of America, under the leadership of Donald Trump, media reports have indicated that the new US tariffs are forecast to sharply reduce Chinese corporate profits, particularly in technology, manufacturing, and export-driven sectors. As a result of the ongoing trade tussle between US and China, China is expected to be massively impacted by widespread job losses, business shutdowns, and a wave of bankruptcies. Here are all the details you need to know about the economic trouble expected in China.
Although it may seem that China is not facing any substantial challenges on the economic front due to its political posturing, media reports say that China is planning to tackle the trade war with expanding its presence in alternate markets, stimulating domestic consumption, and adapting its trade and economic policies. Why tariffs on China is good news for India?
Due to the rising tariffs on China, a report by State Bank of India (SBI) has indicated that India has a significant opportunity to increase its chemical exports to the United States if it manages to negotiate for less than 25 per cent tariffs. As reported by ANI news agency, the SBI report noted that by capturing a part of the market share currently held by China and Singapore, India can increase its share in chemical exports to US. How India can beat China?
The report highlighted that if India is able to capture just 2 per cent of the chemical export share from these two countries, it can potentially add 0.2 per cent to its Gross Domestic Product (GDP). The report pointed out that among the top five imports by the USA, India has a revealed comparative advantage (RCA) only in the chemicals sector.
With China now facing higher tariffs on exports to the US, the report notes that this could open a window of opportunity for India to step in and increase its exports in chemicals, including pharmaceutical products.
(With inputs from agencies)
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

'Trump: Convicted Felon' headline goes viral
'Trump: Convicted Felon' headline goes viral

Hindustan Times

time7 minutes ago

  • Hindustan Times

'Trump: Convicted Felon' headline goes viral

US President Donald Trump arrived in Scotland on Saturday for a five-day controversial visit to the UK and Europe, a Scottish local newspaper made global headlines with a daring front page carrying a message, "Convicted US Felon to Arrive in Scotland." The sensational cover calling 'Trump a convicted felon' instantly went viral on the internet.(X) The headline, now the subject of the massive controversy, was referring to Trump's conviction on 34 counts of forging business records in May 2024. The sensational cover instantly went viral on the internet, sparking both criticism and applause across political lines around the globe. In spite of the uproar, Trump is pushing ahead with his agenda. Also Read | Why is Trump in Scotland and why has his visit sparked backlash? Local paper's front-page viral While the viral front-page grabs global attention, the spotlight returns to Trump's indictments from May 2024. Here's a quick look at the charges facing the US president. New York Business Fraud Case In May 2024, Donald Trump was convicted on all charges in a New York case of business fraud. Prosecutors alleged that he had masked payments to his former lawyer Michael Cohen—who had used $130,000 in suspected hush money to pay adult film star Stormy Daniels—to appear as legal expenses, breaching state law. Trump had denied the tryst and said the payments were lawful. Florida Classified Documents Case Trump is charged with illegally storing classified documents at his Mar-a-Lago mansion after leaving office. Prosecutors allege the documents were stored in unsecured locations such as a bathroom and ballroom, and that Trump attempted to hide their possession. He has denied everything. 2020 Election Interference (Federal Case) Trump is accused of attempting to reverse the 2020 election outcome by perpetrating false allegations of election fraud and working to prevent the peaceful transfer of power, actions prosecutors attribute to the January 6 Capitol insurrection. Trump rejects any involvement in violence or conspiracy. Georgia Election Interference Case In Georgia, Trump and 18 others are accused under RICO charges of conspiring to reverse the results of the state's 2020 election. The case revolves around Trump's taped call asking officials to "find 11,780 votes." Trump denies the charges and says the call was rightful.

Valuations High, Earnings Weak — Markets May Pause
Valuations High, Earnings Weak — Markets May Pause

Economic Times

time8 minutes ago

  • Economic Times

Valuations High, Earnings Weak — Markets May Pause

Despite geopolitical tensions, global equity markets, including India's Nifty, have shown resilience. While domestic investor participation provides support, a significant breakout requires stronger earnings growth, currently facing tepid levels. India's robust macros and potential trade deal outcomes could drive future earnings recovery, particularly in the banking sector, though elevated valuations suggest patience is warranted. Tired of too many ads? Remove Ads What are the possibilities of a breakdown below 24500 or a breakout above 25500? Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads A big learning from stock market experience is that the market's long-term trend is largely predictable; but the short-term trend is almost impossible to predict. The long-term trend of the market is dictated by earnings; but in the short-term, many non-fundamental factors impact the market, rendering predictions almost interesting feature of the behavior of global equity markets this year has been their resilience despite serious geopolitical turbulence. Even wars didn't trigger any significant correction in markets . Markets climbed all walls of worries that emerged from the geopolitical turbulence in May and June. In the mother market US, S&P 500 and Nasdaq set many new records this year. This resilience of global equity markets has been reflecting in the performance of the Indian market, too. Nifty has been oscillating between 24500-25500 since often, than not, triggers for correction come from unexpected developments. That's the unknown area. An important event that can influence the market in the near-term is the outcome of the India-US trade negotiations . An interim trade deal is likely. The unknown element is the tariff rate that will be imposed on the tariff rate is lower than 20 percent, that would be a positive. If it is much lower at around 15 percent, the market would respond positively since that would place India in an advantageous position vis-à-vis our trading news on the tariff front can impact the market pulling Nifty below the recent support level of 24500. But a sharp and sustaining correction appears unlikely since domestic buying can lift the market.A strong pillar of support for the rally which took the Nifty from the COVID low of 7511 in March 2020 to the recent peak of 26277 in September 2024 has been the active participation from domestic the FII selling, the market rallied. The sustained rise in the numbers of unique investors, demat accounts and SIP accounts have been a pillar of support for the market. The continuous fund flows into equity and hybrid funds enabled fund managers to buy every dip in the market. This trend can continue, providing resilience to the a clear breakout above Nifty 25500, taking the index to higher levels needs fundamental support from earnings . This is the challenge which the market is facing now. After sharp spurts in earnings in FY21, FY22 and FY24, earnings growth turned tepid in FY25. For FY25 PAT growth was a pedestrian 5.6 percent for Nifty FY26 the present trend indicates only about 10 percent earnings growth for Nifty 50. This modest earnings growth potential cannot facilitate a sustained rally in the are expected to grow beginning from Q3 FY26. India's macros are strong – GDP growth is the best among large economies; fiscal deficit and current account deficit at 4.8 percent and 1 percent of GDP respectively are under control; forex reserves are ample at around $700 billion, CPI inflation (2.1percent in June) is well within RBI's Government provided big fiscal stimulus through massive personal income tax cuts in the 2025 Budget and the MPC has complemented the fiscal stimulus with a 50 bp rate cut and 100 bp CRR cut in the June policy meet. This provides the ideal setting for an earnings Trump's tariff tantrums and the uncertainty that has triggered has impacted all economies including India. International trade has been impacted and exports are sluggish. This is a drag on the economy in the near-term but stability is expected to return after the initial strong macros will soon start reflecting in corporate earnings. This is likely to happen starting from Q3 when the banking sector starts reporting superior earnings benefiting from the CRR cut. Hopefully, credit growth too will start picking up soon responding to lower interest valuations in India, coupled with tepid earnings growth, is not a favorable market construct that can trigger and sustain a rally in the market in the near-term. This is the time to remain patient for better times, which are not far away.(The author is Chief Investment Strategist, Geojit Financial Services : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)

Operation Sindoor strikes sent clear message to Pakistan: Army Chief General Upendra Dwivedi
Operation Sindoor strikes sent clear message to Pakistan: Army Chief General Upendra Dwivedi

Deccan Herald

time8 minutes ago

  • Deccan Herald

Operation Sindoor strikes sent clear message to Pakistan: Army Chief General Upendra Dwivedi

VIDEO | Drass, Kargil: Chief of the Army Staff General Upendra Dwivedi says, "During Operation Sindoor, Indian forces showed the same valour as Kargil and destroyed Pakistan's terrorist infrastructure and achieved decisive victory." #KargilVijayDiwas #KargilVijayDiwas2025 … — Press Trust of India (@PTI_News) July 26, 2025 #WATCH | Dras, Kargil | Addressing the 26th Kargil Vijay Diwas celebrations, Chief of Army Staff Gen Upendra Dwivedi says, "The forces that are conspiring to harm India's sovereignty, integrity and people, will be given a befitting reply in the future too, this is the new normal… — ANI (@ANI) July 26, 2025

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store