Markets News

Trump announces a series of major tariff actions, with both India and the EU facing warnings of tariff escalation!

· Trump: Tariffs on pharmaceuticals and chips will be announced in the coming week, with pharmaceutical tariffs potentially reaching up to 250%. Tariffs on India will be significantly increased within the next 24 hours. A 35% tariff will be imposed if the EU fails to fulfill its investment obligations to the U.S. This news is bearish for pharmaceutical export companies. · The U.S. non-manufacturing PMI fell from 50.8 in June to 50.1 in July, below the expected 51.5. The ISM new orders index dropped from 51.3 in June to 50.3 in July, with export orders contracting for the fourth time in five months. This news is negative for the U.S. dollar and U.S. stocks. · It is reported that Russia will consider an aerial ceasefire but does not agree to a comprehensive ceasefire. This news is bearish for crude oil.

TOPONE Markets Analyst

2025-08-06 08:10:58

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