India-US Trade Deal Live: Trump Threatens 200% Tariffs On Pharma, Announces 50% Levy On Copper
India-US Trade Deal Live: Will give about a year and a half for tariffs on pharmaceuticals, stated US President Trump in the presser, threatening a 200% levy.
Live: Copper Futures Slide On Tariff Woes
LME copper slid as much as 2.4%. The metal retreated 2.9% in New York after Tuesday’s 13% surge.
News Live: Tariff Letters Rolled Out, India Still Awaiting
India is still awaiting the finalisation of an interim trade deal as US President Donald Trump intensifies his tariff agenda ahead of the Aug. 1 rollout.
News Live: Nirmal Bang Bullish On Copper In Long-Term
Nirmal Bang's Kunal Shah commented on the 50% tariff on Copper by US, noting that China is expected to see tepid demand growth, while mines are struggling to meet environmental safety standards. Despite these challenges, he remains bullish on copper from a long-term perspective.
Live Update: Trade Tensions To Weigh On Corporates
Morgan Stanley's Chetan Ahya recommends closely monitoring the impact of ongoing trade tensions on corporate capital expenditure and regional economic growth, as their effects are still unfolding.
Tariff Live: India To Outperform Asian Economies In Private Capex
India will likely outperform other Asian economies in private capex. The country is expected to do better because of the recent policy reforms.
The trade tension is expected to weigh first on corporate confidence and then on capex.
It is also going to be tough for consumption to accelerate as private capex slowdown will restrict job growth.
Source: Chetan Ahya, Managing Director, Chief Asia Economist At Morgan Stanley
