The business world is buzzing with major developments—from Trump’s aggressive tariff measures to India’s cautious response and a landmark Supreme Court decision on transparency.
Trump’s Tariff Barrage Hits Global Trade
US President Donald Trump has fired a fresh round of tariffs, imposing a baseline 10% duty on all imports. But that’s just the beginning—over 60 countries with trade surpluses face even higher duties, with China bearing the biggest hit at 34% tariffs.
India Faces a “Mixed Bag” Impact
India hasn’t escaped the tariff storm. The US has imposed a 26% duty on Indian goods, while Trump continues to praise PM Narendra Modi as a "great friend" but slams India’s 52% tariff on American imports.
The Commerce Ministry is now analyzing the fine print, with officials calling the outcome a “mixed bag”—suggesting that while India isn’t unscathed, it may be better positioned than many other nations.
Stock Markets React: Pharma Up, IT Down
Indian markets closed lower, with Sensex and Nifty slipping by 0.4%.
Pharma stocks surged, as US tariff concerns didn’t impact the sector.
IT stocks crashed, with TCS, Infosys, Wipro, and HCL Tech taking a hit due to their global exposure.
Meanwhile, Tejas Networks saw a 9% surge, fueled by news that BSNL secured ₹61,000 crore worth of 5G spectrum—a major boost for the Tata-backed firm.
Supreme Court’s Landmark Move on Transparency
In a historic step, India’s Supreme Court judges have agreed to publicly disclose their assets. This transparency push follows a full-court meeting, marking a major shift in judicial accountability.
What’s Next?
With trade tensions rising, markets fluctuating, and policy shifts unfolding, the coming days will be crucial.
