Mon Apr 07 07:49:53 UTC 2025: ## Trump Tariffs Trigger Global Market Meltdown; India Suffers Massive Losses

**Mumbai, India –** President Trump’s new tariffs have sent shockwaves through global markets, triggering a massive sell-off and plunging the Indian equity markets to their lowest point in 10 months. The Sensex plummeted nearly 4,000 points (over 3.5%), while the Nifty tanked over 1,000 points, wiping out over Rs 20 lakh crore (approximately $245 billion USD) in investor wealth in a matter of seconds.

The crash followed a similar trend in Asian markets, with panicked selling across the board. China saw stocks crash over 4%, Hong Kong’s Hang Seng index dropped over 10%, Japan’s Nikkei fell at least 6.5%, and Taiwan’s main index collapsed nearly 10%. European markets also suffered significant losses, with Germany experiencing a 10% drop and France a 4% decline. US futures pointed to significant losses upon market reopening.

Trump’s tariffs, which are country-specific and reach as high as 50% (26% for India, plus a 10% baseline), are aimed at correcting what he considers unfair trade practices. Despite the global market bloodbath, the President remained defiant, calling the tariffs “medicine” necessary to fix the economy.

This stance has fueled concerns among market experts. Ajay Bagga, a market expert, warned that India needs comprehensive fiscal, monetary, and reform packages to protect its economy from the looming global recession. Sunil Gurjar, a SEBI-registered research analyst, noted that the Nifty50 has broken through key support levels, indicating a potential continuation of the downward trend.

The Indian Rupee also weakened, falling 30 paise against the US dollar. The widespread market panic and President Trump’s unwavering stance have raised serious concerns about a potential global recession. Stephen Innes of SPI Asset Management voiced fears that the current free-fall indicates an imminent global recession, particularly given the Trump administration’s apparent unwillingness to compromise on its tariff policy.

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