Trump’s Tariffs Trump announced reciprocal tariffs policy including a universal baseline tariff of 10% alongside country-specific duties that will be applicable from April 9.
BloodBath – Japan’s Nikkei 225 was down by 9% – Nifty & Sensex were down by 5% – Hong Kong’s Hang Seng fell by 8% – Nasdaq was down by 20%
Black Monday It was one of the worst global market meltdowns since COVID and can be compared to 1987’s Black Monday, when the Dow Jones was down by 22.6% in a single day.
What Did Trump say? "Sometimes you have to take medicine to fix something," he stated when questioned about declining markets. Additionally, he remains firm on his stance regarding tariffs.
China Retaliates China Imposed 34% tariffs on US goods from 10th April. Trump threatened to impose 50% additional tariffs on China in response.