India, Feb. 24 -- Wall Street recoiled on Monday as sweeping new tariff measures from President Donald Trump sent tremors through global markets, reviving fears of a prolonged trade confrontation and deepening concerns about the trajectory of the US economy. The Dow Jones Industrial Average plunged more than 700 points at its session low, while the S&P 500 and Nasdaq Composite fell sharply, reflecting a broad retreat from risk assets.

The market turbulence arrives at a delicate moment for the American economy, already grappling with slower expansion and fragile investor confidence. Recent data showing that US GDP drops to 2.2% in 2025 underscored how trade tensions and policy uncertainty have weighed on growth. Monday's sell-off suggest...