World News: Trump’s Tariff Rules Come into Effect Today, Markets React with Sharp Decline

Starting today, the United States will impose retaliatory tariffs on key trade partners, including India. President Donald Trump has called this move a "Liberation Day" for America, emphasizing the tariffs as a step towards economic self-reliance. The announcement has triggered significant market volatility, with the stock markets experiencing a sharp decline.On Tuesday, the first trading day of the new fiscal year, the Sensex plunged by 1,390 points, while the Nifty closed 354 points lower. The uncertainty surrounding the tariffs led to heavy selling pressure in IT stocks and private banking shares, contributing to the overall market downturn. With global trade tensions escalating, investors remain cautious about potential economic disruptions in the coming weeks.