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When Trump signed the order Thursday night imposing new tariffs, the start date of the punishing import taxes was pushed back.
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Indian shares plummeted on Friday, with the Sensex and Nifty falling sharply due to global headwinds and U.S. tariffs on Indian exports. Persistent foreign fund outflows and a strengthening dollar further pressured the market. Pharma stocks also suffered following concerns over potential U.S. price regulations. Technical analysis suggests a further downside, with key support levels being closely watched by analysts.
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The president also announced sweeping tariffs on dozens of countries, as he continued his drive to remake how global trade operates.
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