Sensex Crashes Over 1,400 Points, Nifty Tanks 420 Points Amid Trump's Tariff Threats

The Sensex crashed by more than 1,400 points, while the Nifty tumbled 420 points on Friday (28 February), mirroring a global market selloff triggered by US President Donald Trump's announcement of an additional 10 per cent tariff on Chinese goods.

By the close of trading, the Sensex stood at 73,198.10, marking a sharp decline of 1,414.33 points or 1.9 per cent. Meanwhile, the Nifty settled at 22,124.70 after shedding 420.35 points or 1.86 per cent.

From its record high of 85,978.25 on 27 September 2024, the Sensex has now plummeted by 12,780.15 points or 14.86 per cent. The Nifty, too, has tanked 4,152.65 points or 15.8 per cent from its peak of 26,277.35 on the same day.

Trump on Thursday (27 February) announced that 25 per cent tariffs on imports from Canada and Mexico would take effect on 4 March, immediately after the month-long pause ends—contrary to his earlier suggestion of an 2 April implementation.

"China will likewise be charged an additional 10 per cent tariff on that date," he stated.

This latest tariff on Chinese imports will be levied on top of a similar 10 per cent duty that was imposed earlier this month.

Reacting to the move, China on Friday vowed to implement "all necessary countermeasures" and cautioned that the additional tariff would "seriously impact dialogue" between the two nations.

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