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Trump tariff impact on the Stock Market as Sensex and Nifty fall after the U.S. announces a 25% tariff plus penalty

Image used for representation purpose only. | Photo Credit: Reuters Benchmark equity indices Sensex and Nifty tumbled in early trade on Thursday (July 31, 2025) after U.S. President Donald Trump announced the imposition of a 25% tariff on all goods coming from India starting August 1, plus an unspecified penalty for buying Russian crude oil…

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Trump slaps 25% tariff on imports from India ‘plus a penalty’ for buying Russian oil, weapons, and ‘obnoxious’ trade barriers

Putting an end to months of speculation, U.S. President Donald Trump on Wednesday (July 30, 2025) announced that imports from India will attract 25% tariffs from August 1, “plus a penalty”, citing India’s purchases of energy and military equipment from Russia, its high tariffs, and its “strenuous and obnoxious” non-monetary barriers to trade. India and…

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