New Delhi, April 4 -- As US President Donald Trump downplayed Thursday's brutal stock market crash and promised a booming economy, market expert Ajay Bagga took to social media platform X (formerly Twitter) to offer a contrasting take.

Bagga quoted Trump's upbeat statement - "I think it's going very well" - and pointed to the widespread pain across asset classes triggered by the president's sweeping new tariff proposals.

US stock market and equities globally saw a steep sell-off following Trump's announcement of a 10% tariff on most US imports, alongside a plan to impose steeper reciprocal tariffs on dozens of countries. The move rekindled fears of a full-blown trade war and a possible global recession.

The Dow Jones Industrial Average...