Markets Open Lower Amid Trump’s Tariff Threats, Global Uncertainty Rises
Global markets opened cautiously as President Trump's threat of 100% tariffs on Chinese goods sent shockwaves through financial systems. Indian benchmarks Sensex and Nifty both fell 0.29% as trade war fears resurfaced. The abrupt policy announcement triggered a Friday sell-off before recovering slightly when TRUMP later softened his rhetoric.
Market analysts note the delicate balance between geopolitical posturing and economic reality. "Stability appears to be returning after the initial panic," observed Geojit Investments' chief strategist, pointing to Trump's subsequent "don't worry about China" remark as calming investor nerves.
Domestic optimism persists regarding India-US trade relations, with Commerce Minister Piyush Goyal confirming progress in bilateral discussions. The market reaction underscores how cryptocurrency valuations remain vulnerable to traditional finance tremors, despite their decentralized nature.
