The U.S. stock market experienced sharp declines, with the Dow Jones Industrial Average falling by approximately 1,200 points (nearly 3.8%), the S&P 500 dropping about 4%, and the Nasdaq Composite declining around 4.5%. The tariffs, ranging from 10% to 50%, target imports from countries including China, Japan, and the European Union, with Chinese goods facing the highest rates. This policy adversely affected major companies reliant on international supply chains, such as Apple, Amazon, and Meta, leading to significant stock price declines The announcement has raised concerns about potential retaliation from affected countries and the possibility of a global trade war, contributing to investor anxiety and market volatility. Bonds, gold, and the Japanese yen surged as investors sought safer assets amid fears of a recession. In response to the market downturn, the Reserve Bank of India intervened to stabilize the rupee, while the Securities and Exchange Board of India (SEBI) imposed restrictions to curb excessive volatility. The government is also considering stimulus measures to restore investor confidence.

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