New Delhi, Feb. 3 -- Indian metal stocks faced significant selling pressure in trade on Monday, February 3, as the global trade war officially escalated after US President Donald Trump announced sweeping tariffs on trading partners, including China.

The Nifty Metal index tumbled 3.6% in intraday trade, hitting the day's low of 8,000. All fifteen index constituents traded in the red, with SAIL, JSW Steel, Hindustan Copper, and National Aluminium leading the losers' list, with losses ranging from 2% to 5.4%.

The Trump administration, on Saturday, announced a 25% tariff on goods from Canada and Mexico. Additionally, goods from China, which already face various duties, will see an extra 10% tariff starting Tuesday. This move aims to address...