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India-US Trade deal is done , tariffs reduced from 50% to 18% !!!


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Posted (edited)
43 minutes ago, randomGuy said:

Everyone dislikes Trump. Did we give him a face saver? I hope we don't cut off Russian oil entirely and keep buying some.

India will buy oil from Venezuela and refine it in Jamnagar.  It was always the plan 

Trump Junior was visiting   Vantara and Modi talked to Rodriguez. That thick Orinoco grade needs a refinery, and Jamnagar is the largest available.

 

Edited by Lone Wolf
Posted
48 minutes ago, IndianRenegade said:

how? did you bet no trade deal in one of those betting sites?

 

took my usual call ratios :((

if it fores up beyond 500pts in nifty , i will be in trouble 

Posted

Trade deal was inevitable. One percentage here or 2 percentage there would not have meant end of World to either side.

 

However, Trump and MAGA (with anti India rhetoric) has done irreparable damage to the India US relations. 25 Yeats of work between the nations decimated in 25 weeks of Trump madness. US will not get a ally in India. Ever. They don’t deserve a ally

Posted
4 hours ago, velu said:

 

i am on the wrong side of the deal @diga :(( 

As of now , Nifty seems to be up 700+ points... hopefully you have some risk mgmt

 

PS: I don't play derivatives though I have dabbled a bit here & there , my mutual funds will be up 2-3% for sure 

Posted
1 hour ago, coffee_rules said:

I had thought that Dealr was reduced from 25% to 18%, under the Russian embargo of 25% still stays. So, effectively it is reduced to 43%.

 

No ..

Russian tariff is removed as well

Posted

Rational mind says...Good. This hopefully remove the GE engine issue and fly our Tejas without worries.

 

Radical Heart says...F@@k US, they will anyway support Pooks. Push the GTRE to develop Kaveri for Tejas. 

 

Big dilemma :facepalm:

Posted
1 hour ago, velu said:

 

No ..

Russian tariff is removed as well

Yeah, the Russian deal is all based on Trump saying that india will not buy Russian oil. India has not confirmed that. So don’t get your hopes high on the new deal.

Posted

Gift nifty at 26250, arnd 1150 points above yesterday close....is this such a big deal that even EU FTA wasn't anything in comparison? Probably has a big component of short covering expectation?

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