Markets will hope for a “TACO” trade if better senses prevail
FinTech BizNews Service
Mumbai, July 30, 2025: The US president Donald Trump today announced 25% tariffs will be imposed on India from 1st August, 2025.
Nilesh Shah, MD, Kotak Mahindra AMC, believes that Markets will react negatively to 25% Tarriff on India.
He said: “Despite the unpredictable policy making of US, market was expecting a Tarriff deal to work out as longer term US India strategic interests are aligned. Markets will hope for a “TACO” trade if better senses prevail. China is defying US / UN sanction on Iran Oil, Myanmar and Russia Trade and North Korea Support. Size and the competitiveness of the economy has its advantages. I hope and pray that this unilateral imposition should accelerate Indian policy making to be growth supportive. Our biggest deterrence continues to remain GDP size and competitiveness.”
