New Delhi, July 30 -- Founder of Capitalmind Mutual Fund Deepak Shenoy has reacted to US President Donald Trump's announcement on imposing a 25 per cent tariff and a penalty on Indian goods.

In a post on the social media platform X, Shenoy wrote, "More drama in the Trump tariff soap opera. We're going to see more of this in the coming days."

He further added, "India and the US don't trade that much in goods, and so we won't trade too much going forward either, because now both countries have higher tariffs on each other."

When one of the users asked about the state of pharmaceutical and chemical exports, Shenoy replied, "The american importers will have to pay more for them; or they have to go through cycles of approvals for new FDA ap...