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Mint
16 minutes ago
- Mint
Trump's tariffs on India: Experts unveil this strategy for Indian stock market investors
Trump's tariffs on India: U.S. President Donald Trump, on Wednesday, an additional 25 per cent tariff on Indian imports as a punitive measure in response to New Delhi's ongoing purchases of Russian crude oil. With this move, the total U.S. tariff on Indian exports now stands at 50 per cent — 20 percentage points higher than the tariff on Chinese goods — posing a serious blow to India's export competitiveness. The revised tariff regime, revealed late Wednesday, is set to take effect after a 21-day grace period beginning August 27, 2025. Although this period offers a brief opportunity for diplomatic negotiations, both nations currently face limited avenues for resolution. Indian benchmark indices, Sensex and Nifty50, opened lower for the third consecutive session on Thursday, as investor sentiment was hit by the United States' decision to impose an additional 25% tariff on exports, sparking fears of economic repercussions and escalating global trade tensions. By 9:21 am, the BSE Sensex had dropped 266 points, or 0.33%, to 80,359, while the Nifty50 was trading 71 points lower, or 0.3%, at 24,502. " This punitive step threatens to derail the Indo-US strategic and economic relationship, which has evolved steadily since 1998. The implications of these levies extend beyond trade and into critical areas such as technology partnerships, H-1B visa access for Indian tech talent, cross-border capital flows, and the future of US firms' offshore manufacturing in India. The Indian government has strongly denounced the new measures as "unfair, unjustified, and unilateral", and is expected to explore both diplomatic and trade avenues to defend national interests. However, the near-term sentiment in financial markets is likely to remain cautious, as investors brace for potential retaliatory moves and await clarity from upcoming negotiations," said Sugandha Sachdeva- Founder-SS WealthStreet. According to Sachdeva, Nifty is hovering near a key support zone at 24,450, and a breach below this level could trigger a swift decline toward 24,180 in the short term. Key resistance in the near-term rests at the 24,750 and 24,950 levels. " Broader market sentiment may remain under pressure amid geopolitical uncertainty, with volatility expected to intensify, particularly in sectors sensitive to global trade flows, energy imports, and foreign capital exposure. Until there is visible progress on the diplomatic front or signs of a softened stance from the US administration, risk sentiment is expected to stay fragile, and a defensive approach may prevail among market participants. Eyes would also be on the Q1 earnings from several key companies which shall also influence the direction of the market," she said. Santosh Meena, Head of Research at Swastika Investmart, said that India remains a domestic consumption-driven economy, with limited direct exposure to the U.S., except in key sectors like IT, pharmaceuticals, and electronics, which are exempt from the current tariff announcement. However, sectors such as textiles, gems & jewellery, and leather may face sentimental pressure in the near term. Long-Term Investors: Stay the course. This development is a part of ongoing global trade tensions and shouldn't distract from India's long-term growth potential. Near-term volatility is an opportunity—not a threat—for long-term investors. Short-Term Traders: Exercise caution. The short-term outlook remains uncertain due to a combination of muted Q1 earnings, stretched valuations, and global trade tensions. Market texture appears weak in the near term, so a defensive and selective approach is advisable. However, any significant correction should be seen as a buying opportunity, as earnings momentum is expected to improve from the next quarter onward. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
Mint
16 minutes ago
- Mint
'Hes got no talent': Trump mocks Stephen Colbert after CBS cancels The Late Show with Stephen Colbert
Washington DC [US], August 7 (ANI): US President Donald Trump called popular late-night host Stephen Colbert 'talentless' after CBS announced it would cancel The Late Show with Stephen Colbert following a 10-year run. Speaking at a press conference at the White House, President Trump criticised Colbert and predicted that other late-night hosts such as Jimmy Fallon and Jimmy Kimmel would also lose their shows soon. "Colbert has no talent. I mean, I could take anybody here. I could go outside in the beautiful streets and pick a couple of people that do just as well or better. They get higher ratings than he did. He's got no talent. Fallon has no talent. Kimmel has no talent. They're next. They're going to be going. I hear they're going. Colbert has better ratings than Kimmel or Fallon," Trump said while addressing the media on Wednesday (Local Time). This is not the first time Trump has attacked Colbert's abilities. Following the cancellation announcement, Trump expressed his happiness in a post on his Truth Social platform and also took aim at Jimmy Kimmel. "I absolutely love that Colbert got fired. His talent was even less than his ratings. I hear Jimmy Kimmel is next. Has even less talent than Colbert! Greg Gutfeld is better than all of them combined, including the Moron on NBC who ruined the once great Tonight Show," Trump posted on July 18. CBS, however, said the cancellation was not related to the show's performance. In a statement, the network said, the cancellation of 'The Late Show' was purely a "financial decision against a challenging backdrop in late night" and is not related in any way to the show's performance, content or other matters happening at Paramount, in reference to the possible acquisition of its parent company, Paramount Global, by Skydance. The decision has surprised many, including fellow late-night host Andy Cohen. Speaking to Deadline at the Las Culturistas Culture Awards, Cohen called the cancellation "a sad day for late-night television". "I think it's a sad day for late-night television. I think it's a sad day for CBS. I think Stephen Colbert is a singular talent. He's going to have an incredible next chapter," Cohen said. "I can't believe CBS is turning off the lights at 11:30 after the local news. I'm stunned. He's one of three late-night shows deemed worthy enough for an Emmy nomination. He produces a brilliant show," he added. According to PEOPLE, Colbert made the announcement during the show's taping on July 17 at the Ed Sullivan Theatre in New York. He took over the programme in September 2015, following the retirement of David Letterman. The show is expected to end in May next year. (ANI)
Hindustan Times
16 minutes ago
- Hindustan Times
Apple CEO Tim Cook gifts 24K gold and glass statue to Donald Trump after ‘Make in US' pressure
Apple has announced that the company will heavily invest in the American Manufacturing Program (AMP), which aims to bring advanced manufacturing to the United States. With a symbol of its investment in the US, Apple CEO Tim Cook presented a custom-made gift to US President Donald Trump at the White House press conference. The unique piece of gift consists of a circular glass, made by Corning, which manufactures iPhone glass, and a 24K gold base. Tim Cook also highlighted that there's only 1 unit of this piece, and it has been designed and built in the USA. Apple announced $600 billion investment plan to bring manufacturing to the US. (REUTERS) Apple's unique gift to President Donald Trump At the White House press conference, Tim Cook gave a thoughtful gift to President Trump as a commitment to the United States for bringing a $600 billion investment plan over four years. This investment will primarily focus on shifting Apple's supply chain and advanced manufacturing hubs to the US. At the conference, Cook highlighted the uniqueness of the gift, which is all built in the US. As mentioned above, the showpiece consists of circular glass made by Corning. It mentions 'President Donald Trump' along with a massive Apple logo, Tim Cook's signature. We can also spot the 'Made in USA' with the year 2025. The glass is designed by a former US Marine Corps corporal who is working at Apple. The glass was placed over a 24K gold base, which comes from Utah. This gesture may have come as a move to foster relationships with the President and for the betterment of the US. Over the past few months, Trump has shown disapproval of manufacturing components in China and India. The US government has also threatened Apple with tariff hikes if they do not bring manufacturing to the home country. Now, with Apple's growing investment plans, Tim Cook said, 'We're proud to increase our investments across the United States to $600 billion over four years and launch our new American Manufacturing Program.' This program will be partnered by over 10 companies, including Corning, Coherent, GlobalWafers America, Applied Materials, Amkor, Texas Instruments, Samsung, GlobalFoundries, and Broadcom. These companies will produce components for the Apple products.
