Tariff News Update – April 7:
The domestic stock markets, including the Nifty 50 and Sensex, are poised for a sharp decline at the opening bell today, reflecting the ripple effects of global market downturns. This comes after significant losses in both Asian markets and Wall Street, as investors move away from equities toward safer assets amidst rising geopolitical tensions and economic uncertainty. These concerns were intensified by U.S. President Donald Trump’s recent decision to impose retaliatory tariffs. On Sunday, Trump escalated the rhetoric, stating that foreign governments would have to pay “a lot of money” to see broad tariffs lifted. He referred to the tariffs as “medicine,” signaling the potential for continued market volatility on the global stage.
(Source)