Why is there a volitility in the market today. Despite good numbers, Maruti is down 1% today, could Trump’s tariffs impact Maruti ? Can someone answer this? I have my thoughts pinned down.

Maruti Suzuki could be indirectly affected by tariffs imposed by the U.S., such as those introduced during Donald Trump’s presidency. While Maruti Suzuki doesn’t export cars directly to the U.S., there are several indirect ways tariffs could impact the company: 1. Global Supply Chain Disruptions: Maruti Suzuki relies on a global supply chain for components. If U.S. tariffs affect suppliers or raw material costs (like steel and aluminum), this could increase production costs for Maruti. 2. Currency Fluctuations: Trade tensions often lead to currency volatility. A stronger dollar could make imports of raw materials costlier for Maruti, while affecting the competitiveness of Indian exports globally. 3. Impact on Parent Company (Suzuki): Suzuki, Maruti’s parent company, has a global presence. If Suzuki’s business in the U.S. is affected, it could influence its investment decisions, resource allocation, or strategic focus concerning Maruti. 4. Shift in Global Trade Dynamics: Tariffs can alter global trade routes and demand patterns. This may indirectly affect Maruti’s export markets, especially if competitors shift focus to regions where Maruti operates. 5. Commodity Prices: U.S. tariffs can impact global commodity prices. For instance, higher steel or aluminum prices would raise Maruti’s manufacturing costs. While the direct impact might be limited, the ripple effects through the global economy can still influence Maruti Suzuki’s operations and profitability.