Trump’s tariff move rattles global markets; Tata Group loses Rs 1.49 lakh crore in a day

New Delhi: The global stock markets witnessed a sharp downturn on Monday following US President Donald Trump’s decision to impose reciprocal tariffs on several countries. The move triggered panic selling, with Indian markets also taking a hit.

Tata Motors shares saw a significant decline after reports emerged that its UK-based subsidiary, Jaguar Land Rover (JLR), had halted vehicle shipments to the United States.

The decision came in response to the US government’s imposition of a 25% tariff on imported luxury cars.

The ripple effect of this development severely impacted investor sentiment. Tata Group companies, long considered a stable bet during market volatility, saw a collective erosion of around Rs 1.49 lakh crore in market capitalisation in just one trading session.

While Tata companies typically attract investors in challenging times due to their reputation for resilience, Monday’s plunge revealed the magnitude of market anxiety over the escalating trade tensions.