Tariffs of this magnitude would be extremely disruptive to the US and the global economy and bring in a very high risk of an economic recession in the US. If tariffs remain at this magnitude, prices will not decline. So, the initial shock is a stagflationary one. The market was far from pricing in such strong shocks to the economy.
ETMarkets PMS Talk | A cooling—not a collapse—of the AI trade could be a tailwind for Indian equities: TrustLine CEO
Global markets face AI investment boom risks, but a measured cooling could boost Indian equities by attracting foreign capital. N. ArunaGiri emphasizes buying with a