US Tariff Threat Rocks Dalal Street: Export Stocks Plunge Up To 13%

• US President Donald Trump cleared a bill proposing a 500% tariff on countries trading with Russia, including India.
• Indian export-oriented textile and shrimp stocks, like Gokaldas Exports and Avanti Feeds, plunged up to 13% on January 8.
• The "Sanctioning of Russia Act 2025" aims to penalize nations buying discounted Russian oil, seen as funding Russia's war.
• Senator Lindsey Graham stated the bill could be voted on soon, targeting countries like China, India, and Brazil.
• India maintains its energy purchases are guided by national interest, rejecting claims of stopping Russian oil imports.

Why It Matters: Potential 500% US tariffs on Russia-trading nations like India cause significant stock market turmoil.