India’s stock market suffered a significant crash on Monday, sparing almost no major corporation—including the likes of Tata, Adani, and Ambani. Fearing losses, investors dumped shares en masse, leading to a steep decline across the board. The National Stock Exchange’s Nifty index fell by over 3.25%, while the Sensex dropped nearly 3% the same day. Analysts link the crash to recent tariff-related announcements by U.S. President Donald Trump. The U.S. Federal Reserve has since issued a warning to the Trump administration, stating that imposing new tariffs could hinder the country’s economic growth.