India, June 12 -- Indian shares fell sharply on Thursday as trade uncertainties and heightened geopolitical risks overshadowed hopes for more Federal Reserve rate cuts this year.
There is considerable ambiguity over the U.S.-China trade deal in the wake of conflicting claims about tariff rates and lack of confirmation from Beijing.
Adding to tariff uncertainty, Trump said he would notify trading partners within the next one to two weeks about the new unilateral tariff rates, with the choice to accept or reject them.
Elsewhere, in a sign of growing regional tensions, Iran said it will strike U.S. bases in the Middle East if nuclear talks fail and conflict arises with Washington.
There is growing speculation that Israeli forces may strike...