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Nifty Future is opening gap down by 5 points against Friday’s close of 10353, as indicated by SGX Nifty which is currently trading at 10335US markets were down on Friday due to latest tariffs, markets now wait for China to respond. On Friday, the US markets fell sharply from its highs of 2664 to close at 2605.75, down by almost 60 points. In an announcement that came on, April 5, 2018 President Donald Trump instructed the US trade representative to consider slapping an extra USD 100 billion in tariffs on Chinese goods.
The latest move is a continuation of a growing trade dispute between the two countries. Trump previously announced USD 50 billion in proposed tariffs on goods imported from China, which china retaliated by announcing additional tariffs on USD 50 billion of US goods. China will impose additional tariffs of 25 percent on 106 US goods including soybeans, autos, chemicals, some types of aircraft and corn products, among other agricultural goods.
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