Sensex Slides Over 700 Points As Trump Plans To Double Steel Tariffs
Indian equities tumbled in early trade as renewed tariff threats from US President Donald Trump dampened investor sentiments. Sensex fell over 700 points while Nifty lost 200 points, marking a steep fall during the earnings season. Trump said last week that he plans to double the tariffs on steel and aluminium exports to 50% from 25%. His remark followed an accusation that China has violated their deal to mutually withdraw tariffs and trade restrictions.
