India slapped hard, Europe plays nice and NVIDIA offers no big surprise.
Thursday 28th August July 2025NAB Markets Research Disclaimer Financial Services Guide | Information on our services - NABToday’s big news is the 50% tariff slapped on India. Sally Auld says it presents a challenge for India. The tariff is high enough for US importers to look elsewhere for substitute goods. It’ll be welcome news in Europe, though, because the tariff is to stop India buying Russian oil. Europe is, itself, considering secondary tariffs. It’s also fast-tracking an end to many tariffs on US imports, in the hope of bringing down Trump’s tariff on European cars. That’s all…
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