U.S. President Trump condemned the tariff systems of India, the EU, and China, announcing reciprocal tariffs to take effect on April 2, 2025. China set a GDP growth target of 5% for 2025 amid trade tensions. Stock markets in India showed gains, and significant corporate transactions occurred in the FMCG sector.
On March 5, 2025, President Donald Trump criticized India, the European Union, and China, labeling their tax systems as “unfair.” He emphasized that these countries have imposed tariffs on American goods for many years, and asserted that it is now the United States’ turn to retaliate. Trump announced that reciprocal tariffs would be implemented starting April 2, 2025, signifying that whatever tariffs these nations impose on the U.S., the U.S. will reciprocate in kind.
In further developments, China announced its GDP growth target of approximately 5% for 2025 while also setting its fiscal deficit target to 4% of GDP, the highest in thirty years. Expectations are high for stimulus measures as China continues to address challenges stemming from ongoing trade disputes with the U.S.
In the stock markets, the Sensex gained over 500 points, reaching 73,497, while Nifty rose more than 2% to 38,096, indicating a positive market sentiment. Meanwhile, oil prices continue their downward trend due to an increase in OPEC+ output amid U.S. tariffs affecting trade with Canada, Mexico, and China.
Coforge announced a stock split of its equity shares from Rs 10 into five shares worth Rs 2 each, following board approval pending shareholder consent. The move spurred an increase in the company’s shares by over six percent in early trading.
Additionally, Adani Wilmar is in the process of acquiring GD Foods, known for its ‘Tops’ FMCG brand, in a deal valued at Rs 603 crore that will occur in tranches. The first tranche will involve acquiring 80% of the shares, with the rest to be finalized over three years.
In summary, President Trump has vocalized concerns regarding tariff systems in various countries, announcing reciprocal tariffs set to commence on April 2. China’s economic targets highlight the ongoing impact of the U.S. trade war. Meanwhile, Indian stock markets reflect a positive trend, and firms such as Coforge and Adani Wilmar are engaging in significant corporate activities that may influence market dynamics going forward.
Original Source: www.moneycontrol.com
