Export-heavy stocks bleed on Trump's 500% tariff signal; Gokaldas, Avanti crack up to 12%
Export-oriented stocks fell sharply on Thursday as fresh US political signals stoked fears of extremely high import duties. Shares of seafood, textile, pharmaceutical, and metal companies dropped amid concerns that a proposed bipartisan Russia sanctions bill could raise tariffs on Russian imports to 500%, potentially affecting countries like India, China, and Brazil, triggering investor caution over global trade risks.
Export-oriented stocks fell sharply on Thursday as fresh US political signals stoked fears of extremely high import duties. Shares of seafood, textile, pharmaceutical, and metal companies dropped amid concerns that a proposed bipartisan Russia sanctions bill could raise tariffs on Russian imports to 500%, potentially affecting countries like India, China, and Brazil, triggering investor caution over global trade risks.
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