Us tariff war: The US President’s Office White House has issued an order to postpone the additional customs imposed on India by July 9 this year. According to this government order, the decision to impose additional fees on India has been postponed for 90 days. Earlier on April 2, US President Donald Trump had announced a duty on imported products from about 60 countries and a separate high duty on countries like India.

Trump’s move was expected to affect sales from shrimp to steel products in the world’s largest economy. The purpose of his move was to reduce America’s big trade deficit and promote domestic manufacturing. The US imposed an additional import duty of 26 percent on India which is lower than in competitive countries like Thailand, Vietnam and China. This order of fee hike came into effect from April 9 but Trump has now postponed it for 90 days.

This suspension is not applicable to China

However, this suspension of fees is not applicable to China besides Hong Kong, Macau. Along with this, the order of the White House states that 10 percent Aadhaar fee levied on the countries concerned will be applicable. According to the news agency PTI, a business expert said that 25 percent fee on steel, aluminum (effective from March 12) and vehicle and vehicle Kalpiza (from April 3) will also continue. Director General of Exporters Federation of Indian Export Organization (Fio) Ajay Sahai said that semiconductor, medicine and some energy are in the category of exemption on excise duty.

145 percent tariff imposed on China

At the same time, the White House has also confirmed that Washington’s %E on many products due to the increase in tariffs on Chinese goods by US President Donald Trump

Indian Stock Market: The new FY 2025-26 is starting from this week. Foreign investors are returning to the Indian market after selling six months. In such a situation, the question in the minds of investors is how the new financial year will be. The market will also keep an eye on the meeting of the RBI Monetary Policy Committee in the second week of April 2025 with the allanes associated with the tariff of US President Donald Trump, in which the reduction in interest rates is expected.

The past week is mixed for the stock market. This week the Nifty 50 and the Sensex 30 indices recorded a slight increase, while the BSE Midcap and Smallcap indices made weak performances and closed down with a decline. Despite the weak global signals and concerns about the upcoming American tariffs, the positive perception of foreign investors continued in the market. According to market experts, after continuous selling in recent months, FIIs have become pure buyers in the last few sessions.

There was a ups and downs in the market on 28 March on the first day of the new (April) series. The Sensex fell 191.51 points or 0.25 percent to close at 77,414.92, while the Nifty fell 72.60 points or 0.31 percent to close at 23,519.35. According to a note of choice broking, for the week, the Sensex and Nifty increased by more than 0.5 percent, increased by 6 percent for the month and 5 percent increased in FY 2024-25. Meanwhile, India VIX fell 5.31 percent to 12.5750, indicating low instability in the market.

Manoj Purohit, partner and leader of BDO India’s Financial Service Tax, Tax and Regulatory Service, said that the FII flow has started in the green mark, which has returned enthusiasm in the Indian market despite the last week of the financial year, which usually shows huge profits. He further said, “On the other hand, one of the major announcements made by SEBI in his board meeting has encouraged the FPI.”
Overall, this capital market is a time taken by the regulator, in which foreign investors are taking a cautious stance towards India. Now everyone’s eyes are on the upcoming announcements made on the US possible tariff sanctions and the RBI’s review meeting.

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