Indian shares recouped some early losses on Wednesday but still ended lower due to tariff concerns and lingering uncertainty over U.S.-Iran peace negotiations.
Tariff worries returned to the fore after the U.S. Trade Representative proposed slapping 12.5 percent additional duties on 54 countries, including India, for forced-labor practices.
The new tariffs, if implemented, would enable U.S. President Donald Trump to skirt limits on his tariffs imposed by the Supreme Court.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.