heat heat investors cannot catch a break us President Donald Trump's relentless assault on global stock markets continues stocks across the board crashed again today and it was worse than last week it is being called a black Monday panic has swept through the markets from Mumbai to Tokyo in India the Sensex crashed over 2200 points and the Nifty fell by over 3% below the 22,200 mark in one day investors have lost over 13 lakh cr rupees in India that's around 150 billion this money has vanished from the Bombay stock exchange alone needless to say the sell-off was brutal every sector was in the in the red deep in the red it's the same story across Asia tokyo's Nikai dropped by over 8% taiwan's TX fell by almost 10% in both markets the circuit breaker was triggered what is the circuit breaker if the stock prices rally or fall way too quickly the markets hit a pause button this gives a moment to all investors to calm down and think before making any decisions today markets in Japan and Taiwan hit the bottom circuit meaning they crashed hard and they crashed way too fast so trading had to be suspended to stop further panic selling in Hong Kong things were equally bad their stock market is called the Hang Sen it suffered its steepest decline since 1997 we're talking about a slump of 13% it was so bad that China's sovereign wealth fund had to intervene they bought shares to stabilize the market the picture looks quite scary there is panic and fear it has all been triggered by Donald Trump by his sweeping tariffs on US trade partners over the weekend Trump doubled down on his plan china what's going to happen with the market i can't tell you but I can tell you our country has gotten a lot stronger and eventually it'll be a country like no other it'll be the most dominant country economically in the world trump's tariffs have hit everyone America's allies and adversaries but it is Asia that is suffering the most it seems and that's because Asia is a major manufacturing hub its economy depends on exports to the US trump has placed some of the highest tariffs on this region just look at the rates japan and South Korea face 26% duties india again 26% thailand 36% vietnam 46% Cambodia 49% and China a whopping 54% tariffs so clearly Asia is bearing the brunt its economies are under intense pressure but Americans will feel the pain too us investors are sounding an alarm a recession looks increasingly likely america's top banks are giving ominous predictions the latest one to do so is Goldman Sachs it says there's a 45% chance of a recession last week JP Morgan had revised its forecast it raised the the possibility of a recession to 60% and both these banks have blamed the Trump tariffs for this state of affairs they've termed it a risk to the US economy of course the US president disagrees he calls the tariffs a medicine a medicine which the US economy must take his Treasury Secretary has also defended the tariffs mr secretary how difficult is it going to be and how long are Americans going to have to hang tough well again I reject that assumption there doesn't have to be a recession who knows how the market is going to react in a day in a week what we're looking at is building the long-term economic fundamentals for prosperity that I think the previous administration had put us on the course toward financial calamity but investors are starting to push back one of them is Bill Aman the billionaire hedge fund manager this is a man who had backed Donald Trump he agreed that global trade needs to be rebalanced but now he feels that Trump has gone too far he is calling for a 90-day pause on the tariff plan or a timeout as he called it aman believes US trade partners should use this window they should negotiate deals with the Trump administration otherwise the fallout could be severe in fact let me quote Aman if on the other hand on April 9th we launch economic nuclear war on every country in the world business investment will grind to a halt consumers will close their wallets and pocketbooks and we will severely damage our reputation with the rest of the world that will take years and potentially decades to rehabilitate jamie Diamond has echoed Bill Aman's concerns jaie Diamond is the chairman of JP Morgan Chase it is America's biggest bank diamond says the tariffs would and I'm quoting again push up prices for Americans so basically Wall Street is calling for restraint only a climb down by President Trump would calm the markets the question is will he consider it reports say Trump could be mulling a 90-day pause in these tariffs all countries except China could get this temporary reprieve a 90-day pause basically Trump would delay the tariffs that's what the report said the markets heaved a sigh of relief but then the White House issued a statement calling these reports fake news and on Q the markets fell again we're talking about the US markets they opened just a few hours back and they remain volatile in fact since Trump's tariff announcement US stocks have lost over $6 trillion in market value the Trump presidency is not working out for Wall Street at all since inauguration day in January since Donald Trump's inauguration as president us stocks have lost a record 11 trillion in value 11 trillion europe 2 is mirroring Asia's losses germany's DAX France's CAC and UK's Footsie 100 all of them fell by over 5% today you see markets need a semblance of certainty and continuity but this is a shakeup of seismic proportions no wonder there's hysteria and it's far from over if Donald Trump stays the course the worst may be yet to come greeting you with aloha and namaste no I I love India presence uh occupation of a territory by another country pertains to India what we saw in Kashmir and the prime minister how do you see Trump's America yes the current administration behaves differently from the previous administration are you saying that there are foreign powers who are trying to bring down the current government in Syria exactly iran maybe Russia actually Prime Minister Modi committed to South you know corporations for not over 50% is Ukraine prepared to pay the price for that peace no compromises at the cost of territorial integrity and sovereign