Australian Consumer Sentiment Slumps in Early December as Inflation Fears Resurface 
Asian Currencies Slip as Dollar Strengthens; Indian Rupee Rebounds on Intervention Hopes 
Bank of Japan Poised for Historic Rate Hike as Inflation Pressures Persist 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
U.S. Dollar Steadies Near October Lows as Rate Cut Expectations Keep Markets on Edge 
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Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
Asian Stocks Slide as AI Valuation Fears and BOJ Uncertainty Weigh on Markets 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Oil Prices Slip in Asia as 2026 Supply Glut Fears and Russia-Ukraine Talks Weigh on Markets 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
Asian Stocks Edge Higher as Tech Recovers, U.S. Economic Uncertainty Caps Gains 
Fed Near Neutral Signals Caution Ahead, Shifting Focus to Fixed Income in 2026 
Indian exporters in auto parts and solar panels may face new hurdles from Donald Trump’s proposed “Big Beautiful Bill,” even as the legislation could boost Indian IT services. Analysts at Bernstein warn that U.S. policy unpredictability continues, with the bill's potential global impact adding to trade uncertainty.
The wide-ranging tax and spending legislation, narrowly passed by the U.S. House, includes tax cuts that could expand the U.S. fiscal deficit by over $3 trillion in ten years. Proposed measures to maintain high import duties could act as de facto tariffs worth $1.5 to $2 trillion, limiting the scope to ease current trade barriers.
While the bill could drive U.S. consumer demand, capital spending, and digital infrastructure—areas where Indian tech firms can benefit—it introduces challenges for India’s manufacturing exports. The removal of incentives for electric vehicles and the bill’s renewed focus on petrol-powered cars could significantly impact Indian auto component suppliers. Likewise, Indian solar panel exports, which have recently seen gains, may face pressure.
Adding to concerns, Section 899 of the bill could label India as a “Discriminatory Foreign Country,” potentially increasing U.S. taxes on Indian IT and pharmaceutical companies. A proposed cut in the U.S. remittance tax to 1% would have limited benefit, reducing outflows to India by only $110 million compared to the $38 billion total.
Bernstein notes that the bill's impact remains uncertain, depending on how tariff policies evolve and whether a bilateral trade agreement emerges. Despite some upside for Indian tech, the risks to export-driven sectors are considerable.
