Global Markets Reel: Trump's Tariff Tremors

Global markets are shaken by U.S. President Donald Trump's new tariffs on exports, with significant rates applied to countries like Switzerland, Canada, and India. This move, aimed at restructuring global trade, has led to diplomatic efforts for renegotiation amid soaring import duties and mounting economic uncertainty.

Global financial markets were thrown into disarray as U.S. President Donald Trump's announcement of fresh tariffs sent shockwaves worldwide. Trading partners, reeling from steep tariff rates, are scrambling to negotiate better deals to soften the economic blow.

The new tariffs, scheduled to take effect shortly, have triggered a plunge in global stock indices. Europe and Asia saw significant drops, with oil prices continuing their downward trend. As uncertainties loom, countries like Switzerland and India push for urgent talks, while Southeast Asian nations breathe a slight sigh of relief.

While some see potential opportunities, global analysts warn of the broader negative impact on economic growth. Despite trade policy tensions, some countries manage better terms, yet all feel the strain as this tariff saga unfolds.

(With inputs from agencies.)