Global Markets Tremble: Trump’s Tariff Bomb Drops Today

Trump Traffic : US President Donald Trump is going to implement his retaliatory tariffs for the whole world from Wednesday. Trump's move has created an uproar all over the world. There has been a lot of upheaval in the stock market as well. The stock market witnessed a huge decline on the first day of the new financial year and the Sensex fell by 1390 points, while the Nifty fell by 354 points.

'Tariffs will be implemented immediately'

The White House said on Tuesday that President Trump's much-anticipated tariffs are going to take effect sooner than many expected. White House Press Secretary Caroline Levitt said Trump is in close discussions with his trade team to finalize the strategy and the retaliatory tariffs will go into effect on Wednesday.

According to the report, this time America does not seem to be in a mood to give any exemption to anyone. The White House said that the retaliatory tariffs will come into effect immediately, while the car tariffs will come into effect from April 3, while these tariffs will not be applicable on products made in America.

Global Markets Tremble

News agency ANI quoted a CNN report as saying that some White House officials were surprised when Trump agreed to a comprehensive new tariff plan. This clearly means that if President Trump has indeed taken a final decision regarding tariffs, then the information has not been shared widely with anyone.