Mumbai, April 19 -- Asia's financial markets were rattled earlier this month after the US announced sweeping tariffs, imposing a blanket 10% duty on all imports and targeting key economies like India, China, Vietnam, Taiwan, and Thailand with steeper levies. China retaliated swiftly, slapping duties as high as 125% on US goods, escalating tensions into a full-blown trade war.
In India, the Nifty 50 plunged over 5% in four days post tariff announcement, while the India Volatility Index (VIX) shot up 65.7% to 22.8 on April 7-its sharpest single-day spike since 2007. US President Donald Trump on April 9 paused the tariffs for 90 days for most nations (excluding China), fuelling a rebound in the blue-chip index Nifty 50.
However, uncertaintie...