Trump Tariff War / This country came on its knees in front of America, offered to end the tariff!

The announcement of global tariff hikes by Donald Trump on April 2 caused panic in the markets. Vietnam responded by offering tariff exemption to the US. The Sensex in the Indian market fell by more than 3,000 points. Asian and Chinese markets are also in a huge decline.

Trump Tariff War: On April 2, 2025, the announcement of retaliatory tariffs on several countries by the United States President Donald Trump has caused panic in the global markets. From the Asian market to Australia and China, all major markets have registered a huge decline. The Indian stock market was also not untouched by this, where the Sensex has fallen by more than 3,000 points.

Vietnam offers 'no tariff' to America

Amidst this earthquake, an important step has come from Vietnam, the emerging economy of Southeast Asia. In response to the US tariff, Vietnam has taken a diplomatic initiative and sent a formal letter to the US. According to the ET report, Vietnam's Communist Party chief To Lam wrote a letter to President Trump on April 5, 2025, urging the US to give Vietnam tariff relief for the next 45 days from April 9.

In return, To Lam has proposed to the US that American companies can sell their goods in Vietnam without any tariff duty. This proposal is considered a strategic initiative to keep the US-Vietnam trade relations in balance.

Special impact on Asian countries

President Trump's tariff measures have had the biggest impact on Asian countries. China and Vietnam are the main targets. China, which is already in a trade war-like situation with the US, was now strengthening its trade channels through Vietnam. But this new wave of tariffs may also give a setback to China's strategy.

Analysts believe that Trump's decision is an attempt to reduce America's trade deficit, but it is likely to cause serious disruption in the global supply chain.

Huge decline in Indian market

The impact of US policy is clearly visible on India as well. As soon as the market opened today, the Sensex saw a decline of 3,049.52 points and is trading at 72,315.17. This decline is more than 4%, which reflects the concerns of investors.

Indian investors are worried about the US tariff policy and the uncertain environment of global trade. Experts believe that if this situation continues for long, foreign investment may decline and pressure on domestic industries may increase.