Brief by Shorts91NewsDesk / 11:01am on 07 Apr 2025,Monday Business
Global financial markets are in turmoil following U.S. President Donald Trump's imposition of steep tariffs on imports, leading to significant stock market declines worldwide. In Asia, Japan's Nikkei 225 plummeted nearly 9%, triggering trading halts, while Hong Kong's Hang Seng dropped 8%. India's Sensex fell over 1,000 points amid escalating trade tensions. China retaliated with a 34% tariff on U.S. imports, intensifying fears of a global trade war. Investors are increasingly concerned about the long-term impact on global supply chains and economic stability. Analysts warn that without swift diplomatic intervention, the economic fallout could worsen, potentially leading to a global recession. (PC: India Today)
