50% tariff of Donald Trump is a chance to buy Indian equity, not to sell Indian equity! Jefferies of
America Global head of Global Head Christopher Wood of Jefferies, a veteran investment bank, has said that there is no reason to sell 50% tariffs on India, selling Indian equity by the Trump administration. Wood said that this is a reason to buy Indian equity as it is just a matter of time that Trump will back down from its stand, which is not in the interest of America. According to an Economic Times report, Wood said in its recent ‘Greed & Fear’ report, “It is worth noting that from the previous record it is clear that Donald provides the benefit of standing in front of Trump.”
Trump imposed extra 25 percent tariff on India due to purchasing crude oil from Russia
Christopher Wood said that the Trump administration’s decision to impose an additional 25% tariff on Indian goods, causing a total tariff to 50% on India, is “somewhat unusual”, as India’s trade surplus with the US is relatively low and has “very important geopolitical relations” with Washington. Let us tell you that Donald Trump imposed 25 percent extra tariff on India due to continuous buying oil from Russia.
America did not take a step like India against China
Jeffer’s global head said, “China is buying too much oil from Russia, but it has not been banned like India. Isolating India in this way is beyond the expectations of most people.” According to Wood, Donald Trump has achieved unprecedented success in bringing China, Russia, India and Brazil together. “In fact, the BRICS has been rejected as a group.”
Indian stock market performance the worst compared to other markets
Wood said that in 12 months till July, India’s equity market has recorded the biggest worse performance in 15 years compared to other markets. He blamed “too much valuation” and “long period of equity” for this weakness. According to him, it is too late to cut India’s valuation as it has now reached a 10-year average 63% price-i (PE) ratio of a 10-year average compared to the competitors of emerging markets.
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