India, Feb. 11 -- Indian shares tumbled on Tuesday after U.S. President Donald Trump imposed 25 percent tariffs on all U.S. imports of steel and aluminum, stoking fears of a trade war and potential inflation.
Concerns over ongoing foreign fund outflows, signs of slowing corporate earnings growth and geopolitical tensions involving Israel and Hamas also weighed on markets.
There is a lot of uncertainty over the U.S. trade war after retaliatory Chinese duties on U.S. energy and some goods came into effect on Monday.
Trump is expected to announce reciprocal tariffs on Tuesday or Wednesday in his ongoing effort to overhaul the U.S. trading relationship with the rest of the world. Higher oil prices also weighed on market after Trump told Hama...