Trump Again Back Fire and Extends India Tariffs by 7 Days

Jai Siya Ram

šŸ‡®šŸ‡³ Indiaā€™s Position & Domestic Response

  • India’s opposition parties have condemned the tariff move as a diplomatic and economic setback, citing potential GDP slowdown of up to 40 bps and sharp declines in rupee/equity markets. ([turn0news17])
  • Commerce Minister Piyush Goyal reaffirmed Indiaā€™s stance on resilience, rejecting Trump’s labels and emphasizing that India will not yield to trade bullying

šŸŒ FXLive Strategic Insight

  • Exporters should prepare contingency plans for pricing, logistics, and currency hedging.
  • Traders might consider short-term volatility setups around USD/INR and export-heavy stock indices.
  • Businesses should monitor diplomatic outreach ā€” India can still negotiate exclusions or exemptions before August 7

āœ… Summary Takeaway

Trumpā€™s extension buys time, but does not signal easing. India remains under a 25% tariff window, with outcomes dependent on diplomatic moves by early next week.

Chandan Singh

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