#TariffPause

📈📉 Benchmark Indices Sensex and Nifty jumped in Wednesday's trade as a couple of commentaries from the US suggested the trade war was easing. Stocks gained as the US President Donald Trump said he has 'no intention' of firing the US Fed Chair Jerome Powell. This is after he earlier signaled he may.

➡️ Besides, Trump said US tariffs on China will be reduced 'substantially', even if they may not be nil. Add to that the US Treasury Secretary #ScottBessent also suggested the high tariffs were unsustainable and that he foresees a de-escalation in the trade war between the #world’s two largest economies