Asian Markets Plunge After Trump’s Tariff Announcement – Indian Stock Futures Also in Red


Asian stock markets witnessed a sharp decline on Thursday following the announcement of new tariffs by US President Donald Trump. The decision to impose reciprocal tariffs on multiple countries, including India, has sent shockwaves through global financial markets.

Major Indices Take a Hit

  • Japan’s Nikkei 225 fell 2.69%

  • Hong Kong’s Hang Seng Index declined 1.80%

  • South Korea’s KOSPI Index dropped 1.3%

  • US stock market futures also tumbled, with Dow Jones Futures down by 1.78%

India’s Stock Market Feels the Heat

  • Gift Nifty Futures fell by 1.11%, indicating a weak opening for the Indian markets

  • Market experts predict economic and financial strain due to the tariffs

  • Banking and market expert Ajay Bagga warned that falling exports and declining margins could hurt India’s economy

Safe-Haven Investments Surge

With market uncertainty rising, investors are shifting towards:

  • Gold

  • Japanese Yen

  • Swiss Franc

  • Japanese Government Bonds

Trump’s Tariff Impact on India & Other Countries

President Donald Trump announced new import tariffs, targeting various nations with steep duty hikes. Here’s a look at the rates:

  • India – 26%

  • China – 34%

  • European Union – 20%

  • Vietnam – 46%

  • Japan – 24%

  • Bangladesh – 37%

  • Pakistan – 29%

  • Sri Lanka – 44%

Trump's Justification for Tariffs

At the Make America Wealthy Again Event, Trump justified the move, stating:

  • "India charges the US 52%, and we charge them almost nothing."

  • "The US charges 2.4% on motorcycles, while India charges 70%, Thailand 60%, and Vietnam 75%."

  • "A 25% tariff will be imposed on all foreign-made automobiles."

Economic Fallout & Market Outlook

  • Experts fear currency wars – if China devalues its currency, markets may see more capital outflows

  • Exchange-traded funds (ETFs) are taking a hit – Offshore China Internet ETF down 6%, Vietnam Offshore Country ETF down 10%

  • Investors anticipate further volatility in global trade and stock markets

What Lies Ahead?

As markets digest the impact of these aggressive tariff measures, analysts expect:

  • Higher inflation and import costs for several countries

  • Reduced export competitiveness for nations affected by the tariffs

  • Continued volatility in global financial markets

Will this trade war escalation trigger a larger economic slowdown? Share your thoughts.

Location: Pune, Maharashtra, India

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