He said that since the tariffs are sweeping and almost all-pervading, their overall impact on the Indian economy is smaller relative to what would have been if they had been unilaterally levied on the country alone.
Munster said tariffs don’t change the reality that the race to general intelligence is the most significant tech, economic and geopolitical shift in 25 years.
The United States announced sweeping tariffs on several trading partners, including Asian nations such as Vietnam, Indonesia, and Bangladesh, which manufacture shoes and clothes for American labels.
In this video, I break down the technical analysis behind today’s sell-off, covering key support and resistance levels, and discuss what traders need to watch next.
We knew the markets probably weren’t going to respond well to the tariffs, but the breadth and depth of them provoked a virtual instant selloff in aftermarket trading yesterday.
Technical indicators alongside macro-economic factors are prompting analysts to predict further downward momentum for the SPDR S&P 500 ETF Trust (NYSE:SPY) and Bitcoin (CRYPTO:
Commerce Secretary Howard Lutnick believes the Trump Administration's reciprocal tariffs will cause some short-term pain, but ultimately result in medium- and longer-term gain.
President Donald Trump's sweeping new trade tariffs sent shockwaves through global markets on Thursday, triggering a massive sell-off that echoed the COVID-19 pandemic-era routs, as investor risk appetite vanished in a flash.
