President Trump condemned India’s tax policies as unfair and announced reciprocal tariffs to begin on April 2. He specifically mentioned India’s high auto tariffs. Meanwhile, China’s GDP growth target for 2025 is set at 5%, with financial markets responding positively as oil prices drop amid trade tensions. Coforge plans a 1:5 stock split pending approval.
US President Donald Trump has criticized what he deems as “unfair systems” imposed by India, the European Union, China, and others. He reiterated his belief that these nations have long utilized tariffs against the U.S. and stated, “now it is their turn.” Trump highlighted on April 2, reciprocal tariffs would be enforced, contingent on any tariffs other nations levy against the U.S.
In particular, he called out India’s automotive tariffs, claiming, “India charges us auto tariffs 100%… the system is not fair to US, it never was… on April 2, reciprocal tariffs kick in and whatever they tariff us, other countries, we will tariff them… whatever they tax us, we will tax them.” This statement emphasizes Trump’s stance on trade fairness.
Meanwhile, China projected a GDP growth target of about 5% for 2025, leveraging this target to pave the way for potential economic stimulus amid the ongoing trade war with the U.S. Additionally, China’s fiscal deficit is aimed at approximately 4% of GDP, the highest level in 30 years.
On the financial front, the Sensex has risen over 500 points to 73,497 with Nifty increasing by over 2% to 38,096. Conversely, oil prices have declined due to OPEC+ output plans coupled with U.S. tariffs on trade partners.
Coforge has announced plans for a stock split, with the board approving a 1:5 ratio split pending shareholder consent. The company expects this procedure to be finalized in about three months, reflecting a positive outlook as its shares surged by over six percent in early trading.
In summary, President Trump has spotlighted the perceived unfairness of India’s tax systems and indicated impending reciprocal tariffs effective April 2, asserting a principle of fairness in international trade. Meanwhile, China is adapting its growth strategies amid trade tensions, with local markets responding positively to various economic indicators. Coforge’s stock split adds further interest in market movements as companies navigate complex international trade challenges.
Original Source: www.moneycontrol.com
