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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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.