The Indian stock markets witnessed a significant drop of more than 5% on Monday, in line with the global selloffs that were sparked by trade tensions and the imposition of new tariffs by the United States. President Trump’s recent announcement of expansive tariffs has elicited strong reactions in markets across the globe. Speculations have arisen that Trump may be intentionally causing market turmoil to sway the Federal Reserve’s decisions on interest rates. These tariffs are expected to result in increased consumer prices, prompting concerns among various economies about the possibility of entering into a recession.