The global markets are witnessing heightened volatility as fresh concerns emerge over former US President Donald Trump’s proposed 25% tariff on steel and aluminium imports. Indian markets, especially metal stocks, have taken a hit, with the rupee hitting a record low and gold prices soaring to an all-time high. How significant is this impact, and what does it mean for investors in the Indian market?
In this exclusive discussion on Business Today TV's Market Today show, Gaurav Dua, Head of Capital Market Strategy at Mirae Asset Sharekhan, shares his expert views on the ripple effects of these global developments. He highlights that India’s steel exports to the US (worth $2 billion) and aluminium exports ($280 million) will be affected, but the bigger concern lies in Trump’s stance on India's trade policies. The fear is that India’s high differential duties compared to other trading partners might invite further trade restrictions or policy shifts.
Investors are now closely watching potential negotiations between Indian authorities and the US administration to find a resolution. Until then, markets remain on edge, and sectors with global linkages, including metals, are expected to stay under pressure.
Watch the full discussion to understand the market implications and investment strategies amid this global uncertainty!