Trump’s Tariff Shock: Sensex Plunges on US Sanctions
Indian stock markets opened sharply lower on Thursday, July 31, 2025, following US President Donald Trump’s announcement of a 25 per cent tariff on Indian goods. The move triggered a significant sell-off across the board.
The unexpected sanctions also included penalties on India’s purchases of Russian crude oil and defence equipment. This broadened the impact beyond just trade tariffs.
This double blow rattled investor confidence, leading to a steep decline in key indices. Concerns about escalating trade tensions weighed heavily on market sentiment.
The immediate impact was felt across various sectors, with significant losses reported in export-oriented industries. Experts predict further volatility in the coming days.
The government is yet to issue an official response, but the situation demands swift and strategic action to mitigate the economic fallout. The long-term consequences for India’s economic growth remain to be seen, highlighting the need for robust trade diversification strategies.
