Mon Apr 07 07:42:53 UTC 2025: ## Trump’s Tariffs Trigger Global Market Meltdown; India Suffers Massive Losses

**NEW DELHI** – President Donald Trump’s new tariffs have sent shockwaves through global markets, causing a historic plunge in Indian equities and wiping out over ₹20 lakh crore (approximately $243 billion USD) in investor wealth in a matter of seconds. The Sensex plummeted nearly 4,000 points (over 3.5%), opening at 71,425.01, while the Nifty tanked over 1,000 points to 21,743.65. The Indian rupee also weakened, falling 30 paise against the US dollar.

The dramatic fall follows a massive sell-off in Asian markets, with significant losses also projected for Wall Street. Trump’s tariffs, which range as high as 50% depending on the country, are aimed at what he calls unfair trade practices. India faces a 26% tariff, in addition to a 10% baseline duty applied to all nations.

Despite the global market bloodbath, President Trump remained defiant, referring to his tariffs as “medicine” needed to fix the economy. This stance has fueled concerns among market experts who fear a potential global recession.

Asian markets were hit particularly hard. China saw stocks crash over 4%, while Hong Kong’s Hang Seng index fell over 10%. Japan’s Nikkei dropped at least 6.5%, and Taiwan and Singapore experienced similar double-digit percentage losses.

Market analysts in India warn of the need for significant fiscal, monetary, and reform measures to shield the domestic economy from the fallout of this global trade war. Ajay Bagga, a market expert, stated that India needs a comprehensive package to protect itself from the “global economic winter.” Sunil Gurjar, a SEBI-registered research analyst, noted that the Nifty50 has broken through key support levels, indicating a potentially prolonged downturn.

The unprecedented market volatility underscores the far-reaching consequences of Trump’s trade policies and raises serious concerns about the global economic outlook. Stephen Innes of SPI Asset Management expressed fears of an imminent global recession, citing the administration’s unwillingness to compromise on the tariffs.

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