The Economic Times

Export-heavy stocks slide up to 11% as Trump threatens 500% tariff; Avanti Feeds, Kitex Garments lead losses

Export-oriented stocks, including Kitex Garments and Avanti Feeds, declined for a second day as US political signals raised fears of higher trade barriers. A bipartisan Russia sanctions bill, potentially impacting India's trade with Russia, intensified selling pressure. Seafood and textile exporters faced significant drops amid concerns of disrupted shipments and weaker US demand.