Trump Again Back Fire and Extends India Tariffs by 7 Days

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Jai Siya Ram http://www.fxlive.in/ "Trump Again Back Fire and Extends India Tariffs by 7 Days" ๐Ÿ‡ฎ๐Ÿ‡ณ India’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 India’s stance on resilience, rejecting Trump's labels and emphasizing that India will not yield to trade bullying ๐ŸŒ 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 — India can still negotiate exclusions or exemptions before August 7 ✅ Summary Takeaway Trump’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. Regards FXLive Chandan Singh Rawat MCX Commodity + NSE Equity and Forex Market

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