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The tariffs are a huge blow for countries like Vietnam, Thailand and Cambodia that rely on exports.
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Public sector banks were among the biggest losers, with Bank of India, Union Bank of India, Indian Bank, and Bank of Baroda dropping nearly 4%. Canara Bank, Punjab National Bank, and State Bank of India also saw declines between 1.5% and 2%.
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Elon Musk has publicly attacked Donald Trump's trade advisor, Peter Navarro, calling him "dumber than a sack of bricks" over newly imposed tariffs. This outburst follows Musk's appeal to Trump regarding the tariffs, which have cost him billions. The feud highlights internal conflict within Trump's circle and Musk's dissent over trade policy, despite his previous support for the administration.
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News and Media
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