US President Donald Trump has again shocked the world with his tariff policy. This time the target has been Heavy Duty Truck Industry. Trump announced on his social media platform Trucks worth $15.6 billion came from Mexico and $4.5 billion from Canada. Although the export of trucks from India is nominal, a large part of auto components goes to America. India’s exports worth $6.79 billion (about ₹60,000 crore) are now in danger. This Tariff may cause a loss of ₹ 10,000 to ₹ 12,000 crore to Indian companies. There will be a direct impact on the revenue of companies like Sipra Engineering, RK Industries, Sona Comstar and Samvardhana Motherson because 20-25% of their earnings come from America. This Tariff will not only affect the American Truck Industry will also shock the global supply chain.

The second chapter of the trade war between the US and India has started! The US has announced to impose 10% tariffs on 100 countries before the July 9 deadline, which has shaken the stock market. Sensex was initially flat, but IT, metal, pharma and banking shares saw a decline. BRICS countries may also suffer double loss of this decision as Trump has warned of imposing additional tax on these countries if they go against the US policy. The markets of Japan and Hong Kong were also in decline. At the same time, the delay in the talks of US-India Trade Deal is worrying investors. Will there be a big stir in the market by July 10? Know the complete information in this video!