Katra (Jammu and Kashmir) [India]April 6 (ANI): India has the upper hand among the mutual tariff imposed by the Trump administration, Managing Director and CEO of National Stock Exchange Ashishkumar Chauhan said that the duties that slap India were called less than others.
“US President Donald Trump has imposed import duty, there is confusion around the world, but India also has an upper hand, as India is slightly lower than that of China, Vietnam, so I think the situation will be normal in the next 1-2 weeks …” Chohan said that he is speaking from Katra.
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He said, “Tariffs imposed on India are relatively low compared to other countries. Moving forward, India will do well during dialogue (for a business deal).”
On Friday night, on 4 April, the US market fell nearly 2200 points. In the last 2 sessions, it has fallen more than 9 percent.
The NSE chief said, “I think there is a kind of confusion, and you can also see the reflection of the situation here (in India). As stability comes in America, there is a possibility of stability here too …” NSE chief said.
Chauhan said, “The way India and America have been talking for the last 2-3 months, I hope it will benefit India.”
Since assuming positions for his second term, President Trump has reiterated his stance on tariff mutation, stressing that the United States will match the tariffs imposed by other countries including India to ensure proper trade.
On 2 April, the US President issued an executive order on mutual tariffs, in which additional advertising Veloram duties were implemented from 10 percent to 50 percent on imports from all business partners. The baseline duty of 10 percent will be effective from April 05, 2025, and the remaining country-specific advertisement will be effective from Velum Duty from April 09, 2025.
Additional duty on India is 26 percent. (AI)
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