Trump’s Tariffs Stunt Spooking Indian Stock Market – BW Businessworld
The U.S. stock market experienced a turbulent Monday as a widespread global market sell-off deepened, driven by fears surrounding President Trump’s new tariff policies. Investors responded with caution, and volatility rattled Wall Street throughout the day.
Dow Jones Today: Market Snapshot
- Dow Jones Industrial Average dropped nearly 350 points (-0.9%)
- S&P 500 slipped 0.2%
- Nasdaq Composite edged up slightly with a 0.1% gain
Despite some minor rebounds, the overall mood on Wall Street was cautious, with indexes swinging wildly between gains and losses.
Trump Tariffs Spark Global Financial Unrest
The global sell-off began last week when President Trump announced sweeping tariffs on imports. On Monday, he doubled down, warning of an additional 50% tariff on China unless its government backs down.
Markets around the world responded sharply:
- Hang Seng Index in Hong Kong dropped 13.2%, its worst day since 1997
- Taiwan’s composite index fell nearly 10% — the biggest decline in its history
- China’s indexes dropped by up to 9%
- Japan’s Nikkei sank 8%
- European markets (CAC 40, DAX, FTSE 100) opened down between 4%-6%
- India’s Sensex and Nifty 50 lost 5%, marking their biggest one-day fall since 2020
- Middle Eastern markets, including Dubai and Abu Dhabi, also fell by up to 5%
Oil markets weren’t spared either. Brent crude prices have dropped nearly 15% in the last five days.
Recession Fears Grow on Wall Street
Leading investment firms are revising their forecasts, predicting a higher likelihood of a recession:
- Goldman Sachs raised recession odds to 45%
- JP Morgan now places it above 60%
Moody’s Analytics chief economist Mark Zandi said, “Investors are extremely nervous. Pressure is mounting on lawmakers and the White House to find a resolution to this global trade war.”
Business Leaders Break Silence on Trump’s Trade Policy
Top voices in business are beginning to criticize the tariff strategy:
- Jamie Dimon, CEO of JPMorgan Chase, warned that tariffs will raise prices, hurt global relationships, and slow U.S. economic growth.
- Bill Ackman, a billionaire hedge fund manager and previous Trump supporter, called the current policy an “economic nuclear war.” He urged a 90-day freeze to negotiate better trade deals.
- Even Elon Musk, during a virtual event with Italy’s League party, advocated for a zero-tariff global trade zone, signaling a rare public disagreement with the president.
Trump Stands Firm Despite Market Backlash
Despite warnings and market drops, President Trump remains committed to his trade reset strategy. Commerce Secretary Howard Lutnick confirmed the tariffs will move forward.
In a press briefing aboard Air Force One, Trump was asked if market pain might make him reconsider. His response:
“Sometimes you have to take medicine to fix something.”
What This Means for Investors and Small Businesses
With new tariffs set to take effect this Wednesday, American businesses—especially small ones—are scrambling to adjust their budgets and pricing models. The cost of imports is expected to rise sharply, which may lead to higher consumer prices across sectors.
Stay Updated with the Latest Wall Street News
The coming days will be crucial. Investors are watching:
- Whether Trump softens his stance
- How global markets continue to react
- Potential economic data releases that may impact forecasts
Key Takeaways
- U.S. stock market today saw volatility due to growing tariff concerns
- Global sell-offs reached historic levels in Asia and Europe
- Wall Street news reflects increasing recession fears
- Business leaders are urging diplomacy over economic conflict
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