Trump's tariffs: Can sweeping US global tariffs ignite a manufacturing surge in India? | Explained

The world economy is jolted as United States President Donald Trump’s sweeping new tariffs on foreign imports sent shockwaves through governments, investors, and industries worldwide. The sudden move prompted threats of retaliation from several countries and urgent calls for negotiations while markets struggled to absorb the impact of the aggressive policy shift. Economists described the tariffs as far more severe than anticipated, sparking a wave of panic selling as investors scrambled to offload shares in companies expected to bear the brunt of the new economic burden. Many view the tariffs as a de facto business tax likely to disrupt supply chains and raise costs across various industries.

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