Nikkei which is Japan index tumbled by 452 points because of China USA trade war. Currently it is trading at 20.270 by losting 452 points and intraday low for today is 20,173.
India BSE-Sensex is trading positively by 170 points even though there is trade war effect between China and USA. Today trading positively because Nirmala Sitaraman who is India FM made around 15 announcements to bood India economy on last Friday evening.
Shanghai index is down by 1.25% because of trade war between China and USA. USA had raised tariffs from 25% to 30% on 250 billion USD exports from China to USA.
Also Trump conveyed that tariffs which is levied as 10% will be increased to 15% and this is applicable to 300 Billion USD exports from China to USA.
Totally on 550 billion USD exports from China to USA, tariffs are going to increase by 5%.
Trump imposed these tariffs post China announced tariffs will be increased on USA products which will be exported to China. This will have impact on 75 Billion USD products which will be exported from USA to China.
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