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Indian Shares Likely To Drift Lower On Tariff Worries

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Indian shares look set to open on a sluggish note Monday as the return of tariff concerns soured investors' appetite for riskier assets.

The European Union is reportedly preparing to strike the U.S. with a hefty set of tariffs worth €93bn ($107.71bn) after Donald Trump threatened to impose a 10 percent tariff on goods from eight European countries starting Feb. 1, rising to 25 percent in June unless there's a deal for a "purchase of Greenland".

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