Mon Apr 07 03:58:23 UTC 2025: ## Global Market Rout Triggered by Trump’s Tariffs
**Bengaluru, April 7, 2025** – Global markets experienced a sharp downturn following U.S. President Trump’s announcement of sweeping new tariffs on Wednesday, April 2nd. Asian and U.S. markets plummeted, with Indian shares opening significantly lower on Monday, April 6th.
The Nifty 50 index fell 5% to 21,758.4 in pre-open trade, while the BSE Sensex dropped 5.29% to 71,379.89. All 13 major sectors in India declined, with small-cap and mid-cap stocks experiencing losses of 10% and 7.3% respectively. The Nasdaq officially entered a bear market on Friday, April 4th, as oil and other commodity prices plunged.
Other Asian markets mirrored the decline, with the MSCI Asia ex-Japan index losing 6.8% and Japan’s Nikkei 225 falling 6.5%. Federal Reserve Chair Jerome Powell commented on Friday that the tariffs were “larger than expected,” and expressed concern about their potential impact on inflation and economic growth. The global market decline is attributed to fears of a global trade war and a growing recession in the U.S.
First Piper 