The Indian stock markets witnessed a significant drop of over 5% on Monday, in line with a global selloff prompted by escalating trade tensions and the imposition of new tariffs by the United States. President Trump’s recent announcement of imposing broad tariffs has sparked severe reactions in markets across the world, with concerns mounting over its impact on the global economy. Trump’s remarks suggesting a deliberate destabilization of markets to steer Federal Reserve decisions have added to the uncertainty. The tariffs are expected to increase consumer prices, leading to fears of potential recessions in various economies. The heightened market volatility and uncertainty have left investors and analysts on edge, closely monitoring developments and their implications on the financial landscape. The repercussions of the trade tensions and tariff wars are being closely watched by stakeholders in India and globally, as they navigate through the turbulent market conditions. The ongoing situation underscores the interconnected nature of the global economy and the far-reaching consequences of geopolitical decisions on financial markets. Stay tuned for more updates on this evolving story as it continues to unfold.