US Stocks Dip as Trump’s Latest Tariff Impacts Market

The U.S. stock market experienced a downturn following former President Donald Trump's announcement of new tariffs. Investors reacted cautiously, leading to a decline in major indexes as concerns about trade tensions and potential economic impacts resurfaced. The market's response reflects broader anxieties about policy uncertainty and its effect on global trade. Analysts suggest that if such tariffs are implemented, they could disrupt supply chains and weigh on corporate earnings, further influencing investor sentiment and market performance in the near term.

The BSE Sensex fell sharply by 2,226.79 points, ending at 73,137.90 with a 2.95% decline. Indian markets slumped on Monday due to intensifying global trade disputes and increasing concerns about a potential recession in the U.S., which led to widespread sell-offs across Wall Street and Asia. Asian markets plunged following Wall Street’s losses caused by Donald Trump’s tariff hikes and China’s retaliation. U.S. futures pointed to continued weakness, with notable declines in the S&P 500, Dow Jones, and Nasdaq futures.

Trump’s new tariff measures, effective April 2, introduced a base 10% tax on imports globally and imposed higher tariffs on countries with trade surpluses against the U.S. This includes a 34% duty on imports from China, 20% on the European Union, 25% on South Korea, 24% on Japan, and 32% on Taiwan. These levies are in addition to previously announced tariffs, such as the earlier 20% tax on Chinese imports.

For questions or comments write to contactus@bostonbrandmedia.com

Source: hindustantimes‍