Markets on Friday, September 5, 2025, saw volatility after rumours circulated that the US might impose tariffs on India’s IT sector. The speculation triggered intraday moves in leading IT stocks including TCS and Infosys. But is the news true?
Posts online claimed that the US was exploring new tariffs on IT services, foreign remote workers and outsourced business processes. It also suggested possible changes to the H-1B visa system and levies on remittances by Green Card holders and temporary visa workers.
No such proposal or comment has been made by US President Donald Trump or any official spokesperson. The image that circulated online was fake, leading to a temporary fall in IT counters. It was neither an official update nor a government announcement — just a rumor that gained traction.
Redbox India is a fraud handle . Shud be probed for insider trading .
I have nailed him many times earlier after that he blocked me . Always do reverse of what Redbox says . He is front running and backed by operators— KIM 🔯 (@kimjongun3_0) September 5, 2025
You know redbox post shit ton of fake news with little real news
— ᴀʏᴏᴍᴀʏᴀᴍ (@_AYOMAYAM) September 5, 2025
Netizens quickly flagged the source as unreliable. Many users complained that the platform responsible had been “posting fake news with little real news” and even called for regulators to step in. Some said they had muted or blocked such handles, while others demanded authorities investigate the spread of market-moving misinformation.
Despite the lack of confirmation, the rumours sparked sharp reactions in IT stocks before traders regained clarity. Analysts underlined the need for extra caution in reacting to market-moving posts, stressing that only verified announcements should guide investment decisions.
The claim that the US is imposing tariffs on India’s IT sector is false. No official policy change has been announced, and the viral image that triggered panic was fabricated.