Stock markets took a steep dive on Thursday following President Donald Trump’s announcement of sweeping new tariffs. The president proposed a blanket 10% tariff on all U.S. trading partners, with even steeper levies targeting nations that maintain a trade surplus with the United States. The move triggered alarm bells across global markets, igniting fears of an impending trade war and potential economic slowdown.
The S&P 500, widely viewed as a benchmark for the broader U.S. market, has now dropped over 11% from its February peak, officially entering correction territory — a decline of 10% or more from recent highs. Investors and economists alike worry that escalating trade tensions may stoke inflation and derail economic growth, with some warning of a looming recession if the situation escalates further.
While the mood in the markets remains tense, legendary investor and Berkshire Hathaway chairman Warren Buffett has long advised restraint during turbulent times. In his 2017 letter to shareholders, Buffett reminded readers that while no one can predict how far markets may fall in the short term, staying level-headed is key. He encouraged investors to turn to the timeless wisdom of Rudyard Kipling’s poem If, quoting: “If you can keep your head when all about you are losing theirs... Yours is the Earth and everything that’s in it.”
As volatility continues, Buffett’s message remains clear: patience, discipline, and perspective are the most valuable assets in a fearful market.
Indian Stock Market Affected
Indian stock markets plunged on Friday, following a global selloff sparked by renewed recession concerns and aggressive tariff proposals from former U.S. President Donald Trump. The Sensex tanked 930 points (1.22%) to close at 75,364, while the Nifty50 fell 345 points (1.49%) to end at 22,904. The selloff was broad-based, dragging all sectoral indices into the red, with metal, pharma, and IT stocks suffering the most. The total market capitalisation of BSE-listed firms shrank by Rs 9.5 lakh crore to Rs 403.83 lakh crore.
Trump reignited trade tensions by announcing a 10% blanket tariff on all U.S. imports, with even higher duties for countries with trade surpluses. India now faces a 26% tariff, while other major economies like China (34%), the EU (20%), South Korea (25%), Vietnam (46%), Taiwan (32%), and Japan (24%) are also affected.
China retaliated swiftly, imposing a 34% tariff on all U.S. goods starting April 10, raising fears of a full-blown trade war. The EU and other nations are considering similar responses, deepening market worries.
Indian pharma stocks took a hard hit after Trump hinted at sector-specific tariffs. Shares of companies like Sun Pharma, Lupin, Laurus Labs, and Aurobindo Pharma dropped as much as 7.2%.
The S&P 500, widely viewed as a benchmark for the broader U.S. market, has now dropped over 11% from its February peak, officially entering correction territory — a decline of 10% or more from recent highs. Investors and economists alike worry that escalating trade tensions may stoke inflation and derail economic growth, with some warning of a looming recession if the situation escalates further.
While the mood in the markets remains tense, legendary investor and Berkshire Hathaway chairman Warren Buffett has long advised restraint during turbulent times. In his 2017 letter to shareholders, Buffett reminded readers that while no one can predict how far markets may fall in the short term, staying level-headed is key. He encouraged investors to turn to the timeless wisdom of Rudyard Kipling’s poem If, quoting: “If you can keep your head when all about you are losing theirs... Yours is the Earth and everything that’s in it.”
As volatility continues, Buffett’s message remains clear: patience, discipline, and perspective are the most valuable assets in a fearful market.
Indian Stock Market Affected
Indian stock markets plunged on Friday, following a global selloff sparked by renewed recession concerns and aggressive tariff proposals from former U.S. President Donald Trump. The Sensex tanked 930 points (1.22%) to close at 75,364, while the Nifty50 fell 345 points (1.49%) to end at 22,904. The selloff was broad-based, dragging all sectoral indices into the red, with metal, pharma, and IT stocks suffering the most. The total market capitalisation of BSE-listed firms shrank by Rs 9.5 lakh crore to Rs 403.83 lakh crore.
Trump reignited trade tensions by announcing a 10% blanket tariff on all U.S. imports, with even higher duties for countries with trade surpluses. India now faces a 26% tariff, while other major economies like China (34%), the EU (20%), South Korea (25%), Vietnam (46%), Taiwan (32%), and Japan (24%) are also affected.
China retaliated swiftly, imposing a 34% tariff on all U.S. goods starting April 10, raising fears of a full-blown trade war. The EU and other nations are considering similar responses, deepening market worries.
Indian pharma stocks took a hard hit after Trump hinted at sector-specific tariffs. Shares of companies like Sun Pharma, Lupin, Laurus Labs, and Aurobindo Pharma dropped as much as 7.2%.
You may also like
'Next Torvill and Dean' are first to win GB ice skating medal in over 40 years
'I'm not alleged. I did it': Texas teen's chilling words after fatally stabbing Austin Metcalf
Himachal Pradesh: Youth Congress calls appointment of Rajeshwar Singh Chandel as Vice-Chancellor of Dr. YS Parmar University 'illegal', demands his resignation
Dementia warning as neurologist advises cutting out two foods that raise risk 13%
'Job, jobs, jobs': Trump's admin hails 'explosive' growth
