Us Treasury Secretary Scott Bessent Said Trade Talks With China WHENA “A BIT STALLED.” He added that a breakthrough is likely to come only after Direct Intervention from President Donald Trump and Chinese President XI Jinping.
On Thursday, a federal appearances court granting trump a temporary reprief from a lower court decision that had jeopardized much of his tariff policy. This followed a ruling by the US court of international trade, which found that the majority of trump’s global tariffs was unlawful.
Meanwhile, The Wall Street Journal Said the Trump Administration is Contemplating a plan to place tariffs on Swaths of the global ear Bloomberg Report. That Includes Language Allowing for Tariffs of Up to 15% for 150 Days to Address Trade Imbalances with Other Countries, The Report Added.
Metal WORST-Performing Sector Today
The nifty metal index tumbled 1.69%, with 14 out of 15 index constituents in the red.
Jindal steel was the Worst-Peerforming Metal Stock, Shedding 4.09% to 641.80, followed by vedanta, whose shares declined 3.35% and Hindalco, which loss 2.51% to 633.70 on the nse.
Other prominent metal stocks like NMDC, Hindustan Zinc, Hind Copper and Tata Steel was down Between 1-2% Each. Welspun Corporation shares were the only gainers in the metal pack today.
Despite Today’s Loss, The Metal Index is up 7% in May, Helped by Hopes of a Trade Trude Between China and the us.
Disclaimer: This story is for educational purposes only. The views and recommendations made Above are that of individual analysts or broking companies, and not of mint. We Advise Investors to Check With Certified Experts Before Making Any Investments Decisions.
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