Tariff Tremors In Global Markets, Sensex Slides Over 3,000 Points

US President Donald Trump's tariffs have unleashed chaos across the globe, plunging Indian equity markets to their 10-month low. Sensex opened nearly 4,000 points lower, sliding over 3.5% since its last trading session, while Nifty tanked over 1,000 points this morning. The crash follows a massive sell-off in Asian equities, panicked by Trump's radical policies, and US futures pointing at significant losses when it resumes trading this evening.

The tariffs - billed as a harbinger of a "golden period" for US industries - seek to undo trade practices that President Trump believes have been unfair. The tariffs are country-specific and go as high as 50%. The rate announced for India is 26%, feared to impact its robust electronics and jewellery sectors, in addition to a 10% baseline duty applied to all nations.

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