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Brokerages size up US's trade punch: Tariff impact seen as limited
Puneet Wadhwa New Delhi
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Donald Trump's 25% tariff on Indian goods rattled markets, with the BSE Sensex dropping nearly 800 points intraday before staging a smart recovery. Brokerages are hopeful that the final tariff may land lower — 15–20% — as both nations continue to negotiate a solution. Here's how brokerages are reading the situation:
Goldman Sachs
· A 25% tariff, if enforced, would moderately dent earnings due to India's low export exposure
· Only 2% of MSCI India's total revenues come from goods exports
· Every 5-percentage point increase in US tariffs could shave
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