Trade tensions, tariffs by President Trump on Mexico, Canada, and China lead to market decline

From Nasdaq.: 2025-02-02 23:11:10

Indian shares plunged as President Trump imposed tariffs on goods from Mexico, Canada, and China, sparking fears of a trade war. Both Canada and Mexico plan to retaliate with tariffs, while China promised “countermeasures.” The S&P/BSE Sensex dropped 485 points, and the NSE Nifty fell 170 points. Stocks like Coal India, Hindalco, and Larsen & Toubro saw significant losses of 4-5 percent. The market is reacting to the uncertainty and potential impact of the escalating trade tensions.



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