By Gill Bikram Singh 
The US stock market experienced a significant decline on March 10, with major indices facing their worst fall since 2022. The Nasdaq dropped by 4 percent, while the S&P 500 fell 2.70 percent, causing panic among investors. This downturn is largely attributed to Donald Trump’s tariff policies, which have raised concerns about a potential economic slowdown in the world’s largest economy.
Market Losses Reach $4 Trillion
According to Reuters, the market lost $4 trillion from the S&P 500’s peak value on Monday. The decline wasn’t limited to stocks—there was also a sell-off in other asset classes, including corporate bonds, the US dollar, and cryptocurrencies. Additionally, US bond prices fell sharply.
The most significant losses were seen in technology stocks, which faced their biggest drop in over two years. Investors are increasingly worried about the economic impact of Trump’s protectionist policies.
Trump’s New Tariffs Spark Uncertainty
Donald Trump has announced plans to impose new tariffs on countries like Canada, Mexico, and China, with a similar tariff targeting India. This has created confusion and uncertainty among businesses and investors, further fueling market anxiety.
Expert Opinions on the Market Fallout
According to VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, “The President’s tariff policy and the uncertainty surrounding it have had a negative impact on the US stock markets.”
Impact on the Indian Market
The effects of the US market downturn are already being felt in India. The domestic stock market has also witnessed a decline, with foreign investors consistently withdrawing funds, adding further pressure.
Experts suggest that the IT and pharma sectors could face the biggest impact due to their strong ties to the US market. If the US stock market continues to struggle, the Indian market is likely to experience further pressure, and investors may have to wait longer for a rebound.