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Nifty, Sensex open in red as Trump signs executive order imposing 25% tariff on India effective from Aug 7

New Delhi [India], August 1 (ANI): Indian stock markets continued to remain under pressure on Friday morning as US President Donald Trump signed an executive order imposing 25 per cent tariffs on India’s exports to the US, effective from August 7.

The move has raised concerns about India’s export outlook, as the US is one of the country’s largest export destinations. The fresh round of tariffs has sparked fears t