💼President-elect Trump has already started declaring what he intends to do immediately on his taking office on January 20th.
💼25% tariffs on Mexican and Canadian imports and an additional 10% tariffs on Chinese imports have already been announced.
💼How these countries react to these tariffs remains to be seen. Trump has declared only 10% additional tariffs on Chinese imports indicate that he will be careful not to trigger imported inflation in the US.
💼Market participants will be closely watching this trade space which has become unpredictable.
💼India is unlikely to be impacted in the initial phase of Trump’s tariff plan but may come under Trump’s radar soon since India has trade surplus with the US.
💼Market is likely to consolidate around the current levels since there are no immediate triggers for a breakout or a break down.
💼A major market concern from relentless FII selling is receding since they have turned buyers, though marginally.
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Posted on : 27 Nov 2024 10:24 AM
