February 10, 2025 10:06 AM
Stock market trades lower as Trump threatens new tariff on all steel, aluminium imports
Indian benchmark indices opened lower on Monday as US President Donald Trump threatened to start imposing a new 25 per cent tariff on all steel and aluminium imports, including those from Canada and Mexico. The new tariffs are expected to be imposed from Monday (US time), with additional import duties expected later in the week. Speaking to reporters aboard Air Force One on Sunday, Trump said he would also announce reciprocal tariffs, which would take effect almost immediately. At 9.30 am, Sen...