US Tariffs: Following the turmoil in global markets after President Donald Trump’s tariff decisions, the US markets also witnessed a bloodbath as they opened on Monday morning.
Trump’s reciprocal tariffs have led to a broad-based fall in financial markets globally, with markets plunging in Asia as well as Europe. Moreover, the reciprocal tariffs have set off a sell-off in equities globally, and the US is no exception. Investors fear that the moves concerning global trade may raise inflation, risking economic growth.
US benchmark indices – Nasdaq, S&P, and Dow Jones, slumped in a range of 4-5 per cent soon after the opening bell.
“The United States has a chance to do something that should have been done DECADES AGO. Don’t be Weak! Don’t be Stupid! And don’t be a PANICAN (A new party based on Weak and Stupid people!). Be Strong, Courageous, and Patient, and GREATNESS will be the result!” US President Donald Trump wrote on his social media platform Truth, addressing the American citizens.
Asian stock markets opened on Monday with heavy selling pressure, reflecting growing fears over the impact of tariffs on global trade and economic growth. Japan’s Nikkei 225 index dropped sharply by 5.79%, leading the decline across the region.
Investors are worried that global trade could slow down significantly, affecting corporate earnings and economic growth worldwide. The market reaction reflects growing concerns among investors about the future of international trade and the health of the global economy.
US Tariffs: Indian Share Market
Indian stocks too witnessed a bloodbath as the new week kicked off, triggered by Trump’s reciprocal tariffs.
In the early trade, the Sensex dropped 5% lower at one point, but as the day progressed, it pared some of the losses and closed 3% lower. The Sensex closed at 73,137.90 points, down 2,226 points. Similarly, the Nifty also slipped 3% to close at 22,161.60 points.
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