Markets stumble as Trump slaps fresh tariffs on India

The global trade chessboard just got a shake-up, and Indian markets weren't spared the impact. On April 2, 2025, US President Donald Trump announced a steep 26 per cent reciprocal tariff on Indian imports. This move is part of his broader push to impose a 10 per cent baseline tariff on all US trade partners starting April 5. The goal? To address trade imbalances by making imports from surplus economies more expensive.