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Global equities wobble as U.S. tariffs roil markets; India cushioned by domestic demand
U.S. indices bore the brunt of tariff shocks between January and April, with the Dow Jones and S&P 500 losing a combined $6.1 trillion in market capitalization
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R Suryamurthy - Wed, 17, Sep 2025
- 12:10 EDT
- 4
Representative Image / Canva
Global stock markets have swung wildly this year as U.S. President Donald Trump’s renewed tariff offensive rippled through trading floors from New York to Shanghai, with emerging markets showing unexpected resilience, research reports show.
According to Bank of Baroda Economics, U.S. indices bore the brunt of tariff shocks between January and April, with the Dow Jones and S&P 500 losing a combined $6.1 trillion in market capitalization. Only markets in Hong Kong, Brazil, China and India managed to post gains during that period.
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