US President Donald Trump’s recent tariff announcement has sent shockwaves through the tech industry, resulting in a substantial decline in stock prices. Indian IT firms have been hit particularly hard, with drops ranging from 3% to 10%. The looming uncertainty brought on by these trade restrictions is a cause for concern as the US market contributes over 50% of the revenue for major IT companies in India. This development has raised apprehensions about the future growth prospects of the sector. The impact of these tariffs on global trade relations is being closely monitored by industry experts and investors alike as they navigate the implications of this latest move by the Trump administration.