January 8 was a very bad day for exporting companies. There was a big fall in the shares of these companies. The reason for this is US President Donald Trump’s approval of the bill, which has a provision to impose 500 percent tariff on countries purchasing oil from Russia. India is also included in such countries.
America has already imposed 50 percent tariff
On January 8, this bill had an impact on the shares of Indian companies that export to America. In January 2025, Trump took oath as the President of America for the second time. After that they started threatening to impose tariffs. Ultimately he imposed 50 percent tariff on India. This is America’s highest tariff on any country. Its effect has been seen on Indian companies exporting to America.
Gokaldas Exports had fallen by 13 percent at one time
There was a big fall in the shares of Gokaldas Exports. At one point during trading this stock had fallen by 13 percent. However, later it was successful in recovering to some extent. Finally it fell by 8 percent and closed at Rs 629.95. America’s share in the revenue of Gokaldas Exports is more than 60 percent. Due to Trump’s tariff policy, this stock has fallen by more than 34 percent in 2025.
There is also a big decline in the shares of these export companies
Selling was also seen in shares of KPR Mills, Pearl Global Industries, Apex Frozen Foods and Avanti Feeds. Shares of KPR Mills closed 4.13 per cent lower at Rs 849.10. This stock has fallen by more than 14 percent in the last one year. Shares of Pearl Global closed at Rs 1,485, down 8.39 per cent. Shares of Apex Frozen Foods fell 7.95 per cent to close at Rs 276.25. Avanti Feeds shares crashed 8.87 per cent to close at Rs 808.
America keeps a close eye on countries buying oil from Russia
Republican Senator Lindsey Graham said that if the US bill proposing higher tariffs is passed, it will give America a bigger weapon against countries that buy oil from Russia. These countries include India and China. Trump believes that he gets money from India and China buying oil from Russia. Russia uses this money to continue the war in Ukraine.
Russia-Ukraine war continues despite Trump’s best efforts
Experts say that despite Trump’s best efforts, the fighting between Russia and Ukraine has not stopped. During his election campaign for the US presidency last year, Trump had said that if he becomes the President of America, he will stop the war between Russia and Ukraine. But, it is almost a year since he became the President, but this war is still going on. More than 6 lakh people have been killed so far in this war. These include citizens of both Russia and Ukraine.