Many developments overnight. The US Donald Trump president has now obtained pieces of tariff from 25% to 40% of many countries around the world. Also, there is a significant statement he makes where he says we are about to make an agreement in India. How do you read this and what does Indian markets and market in the world mean?
Arvind Aarrer: Well, clearly, US markets don’t have a little today because of this news about the new round of tariffs or again the old tariffs in some countries. Without luck, there is time to Augday USA, so markets are not stressed. They dropped a small 70 BPS, 70 basic US S & P 500 points.
But from an Indian market point, good news. This is the second or third time in the last days President Trump tweeted that an Indian deal was closed. So, hopefully, there are some common grounds easily found and India has become … there is a couple of countries who signed deals.
Once again, it’s all less detailed but wide outlines. UK signed a few weeks ago and after last week, I think, it’s Vietnam who signed an agreement and now that India seems to be good. It will take some of the uncertainty, but the truth is with President Trump there is no permanent and even though India has signed an agreement today what can come in the future.
But getting some reasonable plot is clearly a relief for the Indian market because the unsatisfactory sectors are better for sectors that are better for the sectors to make the sectors better to make more competition.
Today in this mocking tariff deadline, now maintained until August 1st for enforcement. What do you feel like the times it can walk or claim again before implementation is because the time endless is the true president of the United States.
Arvind Aarrer: Yes, I mean, there is no question I think President Trump doesn’t like the class of tariffs that we see after April 2, it is notified. So, clearly, there is no desire to have that kind of uncertainty and market disorder and economic risk.
So, what president Trump is doing is trying to put some numbers out there to as they say focus the mind of these countries like the two of the two most questions Deal, there is some time.
But my feelings are what President Trump and his team knows that it is easy to announce these major negotiations, but these negotiations are difficult and have years of marketing for years. And these guys try to compress it for weeks. So, I don’t think in August one as the last last time. It may be, but it may not be.
So far, as we learned from the Taco type name given by Trump, I don’t think he’s interested in a lot of economic trouble. The short term slight little is okay, but he is now looking for deals.
As far as the tariff area is concerned and you say that 1 August cannot be the last deadline, but what kind of impact its in the next American markets as well as Indian markets? Yesterday, we responded to the negative, but as you mentioned, the deadline was more intense until August 1.
Arvind Aarrer: Well, to think that there are deals from India and maybe a couple of other countries, US markets should set up. But if these promised deals continue to push and push the right and the fear grows to know what comes, then the markets can stay unattained.
My hope and mind is that India and maybe the EU tracks deals in the coming time in the next few days, expected at the end of the week. And if that happens, then become more specific about Indian markets should be good.
The focus of real tariffs is in my opinion in a room once we get the tariffs, the requirements of marks fixes in terms of baths
So, I think that earnings and commentary from corporations are determining more important in my opinion what to do in Indian markets in the coming weeks.
