$1.75 Trillion US Market Crash: Can India Survive The Tariff Storm? | The Core Report скачать в хорошем качестве

$1.75 Trillion US Market Crash: Can India Survive The Tariff Storm? | The Core Report

On Episode 548 of The Core Report, financial journalist Govindraj Ethiraj talks to Shankkar Aiyar, Politics Economy Analyst & Author, Ajay Srivastava, Founder at Global Trade Research Initiative and Dr Viranchi Shah, Former National President and Spokesperson at the Indian Drug Manufacturer Association. SHOW NOTES: (00:00) Stories of the Day (01:00) Indian markets battle tariff headwinds even as US markets see $1.75 trillion rout (04:37) Gold prices hit fresh highs on tariff announcements and fresh bouts of uncertainty (05:26) Oil prices fall below $70 a barrel, output to go up further (06:50) Decoding the impact of tariffs on India and piecing together what its strategy should be Cheers To A Strong Domestic Economy: This isn’t to say India shouldn’t engage globally, but it helps being a large domestic economy. Markets stayed firm despite a tariff storm, while policymakers and businesses assessed the US tariffs on Indian exports and what bilateral trade talks could bring. The Trump administration hinted this is just the start. Pharma and textiles did well for different reasons—pharma was exempt, while India’s textile tariffs are now lower than Bangladesh or Vietnam. The Sensex closed down 322.08 points (0.42%) at 76,295.36; the Nifty50 fell 82.25 points (0.35%) to 23,250.10. IT stocks dropped on US recession fears; pharma gained. Markets in China, Thailand, and Vietnam dropped 1.5%, 1%, and 6.1%, respectively. US futures fell, and the Dow dropped over 1,000 points. About $1.7 trillion was wiped off the S&P 500 as Trump’s new tariffs raised recession fears, Bloomberg reported. Apple fell 8%, Lululemon and Nike about 10%, Walmart and Dollar Tree 2% and 11%. India isn’t tracking Wall Street this time—the US is facing a domestic issue. Some funds may shift to more stable markets. India fits that bill. Despite slow corporate earnings, Indian markets seem better positioned. Oil is soft, liquidity strong, and a rate cut may be near. Things aren’t looking too bad for now. Gold Hits Fresh Record, Retreats: Gold dipped Thursday as traders booked profits after a record high driven by a rush to safe-haven assets. Spot gold was at $3,122.1 Thursday morning after hitting $3,167.57. The rupee closed modestly stronger at 85.43 against the US dollar, aided by a weaker dollar and inflows, compared to 85.4975 in the previous session. Oil Slips Further: Oil dropped below $70/barrel as OPEC+ fast-tracked output hikes and Trump’s tariffs raised demand concerns. Brent and WTI saw their steepest drop since 2022. Eight OPEC+ nations will now add 411,000 bpd in May, up from 135,000. Analysts expect recession fears to limit fuel demand. Oil, gas, and refined imports remain tariff-exempt. Impact Of Tariffs On India: All eyes are on global reactions as bilateral talks unfold. The big question: how will US consumers respond? Pharma escaped tariffs entirely; apparel enjoys lower rates than rivals. Rahul Mehta, Chief Mentor at CMAI, called this a big opportunity. India now has an advantage in the US market similar to what Bangladesh enjoyed in the EU. He stressed that if the industry doesn’t act fast, it may miss the opportunity. Electronics industry echoed similar thoughts. Pankaj Mohindroo, Chairman of ICEA, said a bilateral trade pact must be central to India’s trade strategy, enabling tariff predictability and export growth. The CMAI warned that nations like Bangladesh and Vietnam may target markets like the EU, UK & even India, intensifying export competition. What applies to garments could apply across industries. We also reached out to Dr. Viranchi Shah (Spokesperson and former President, Indian Drug Manufacturers Association), Shankkar Aiyar (economic journalist) & Ajay Srivastava (Global Trade Research Institute) for broader insights. If you found this episode on the $1.75 trillion US market crash & India’s tariff strategy insightful, make sure to like, share & subscribe to The Core for expert conversations on the Indian economy, trade policy & global markets. Stay informed on what shapes our world. #USMarketCrash #IndianEconomy #TradePolicy #GlobalMarkets #TheCoreReport Listeners! We await your feedback: https://tinyurl.com/TCR-Listener-Survey The Core & The Core Report is ad supported & FREE for all readers & listeners. Write in to [email protected] for sponsorships & brand studio requirements. For more of our coverage check out thecore.in (https://www.thecore.in/) Support the Core Report (https://tinyurl.com/Support-the-Core-...) Join & Interact anonymously on our WhatsApp channel (https://tinyurl.com/The-Core-WhatsApp...) Subscribe to our Newsletter (https://www.thecore.in/newsletters/th...) Follow Us on Social Media for More Updates: Twitter (  / the_core_in  ) Instagram (  / the.core.in  ) Facebook (  / thecore.biz  ) Linkedin (  / thecore-in  ) Youtube (   / @thecore_in  )