Fri Feb 28 12:27:18 UTC 2025: ## Indian Markets Plunge on Trump’s New China Tariffs
**Mumbai, India** – Indian stock markets experienced a sharp downturn on Friday, mirroring global market reactions to US President Donald Trump’s announcement of an additional 10% tariff on Chinese imports. The benchmark Sensex plummeted 1,414.33 points (1.9%), closing at 73,198.10, while the Nifty fell 420.35 points (1.86%), settling at 22,124.70.
This represents a significant drop from the indices’ September 27th, 2024 peaks, with the Sensex down 14.86% and the Nifty down 15.8% since then. The decline is attributed to increased foreign fund outflows and heightened uncertainty surrounding Trump’s trade policies.
VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, commented that the market anticipates Trump using tariffs as a negotiating tactic. The new 10% tariff on Chinese goods, in addition to a previously imposed 10%, takes effect on March 4th, alongside the implementation of 25% tariffs on imports from Canada and Mexico. China has responded by vowing to take countermeasures, warning the move will negatively impact trade talks.
Several Indian stocks suffered significant losses, with Tech Mahindra and IndusInd Bank falling over 6% and 5% respectively. Other notable decliners included Mahindra & Mahindra, Bharti Airtel, Infosys, Tata Motors, Titan, Tata Consultancy Services, Nestle, and Maruti. The negative trend mirrored global markets, with sharp declines reported in US, Seoul, Tokyo, Shanghai, and Hong Kong markets.
First Piper 