European stocks sank for the fourth consecutive session yesterday, as a global equity market rout continued, triggered by the recent announcement of U.S. President Donald Trump’s tariffs regime. Meanwhile, India’s benchmark domestic indices, the Sensex and Nifty, plummeted by around three percent amidst escalating trade tensions. Amid this turmoil in the global stock market, world leaders have rallied against Trump’s tariff measures.

British Prime Minister Keir Starmer has said that the newly imposed U.S. tariffs on UK goods pose a serious threat to both the global economy and Britain’s industrial base. Speaking at Jaguar Land Rover’s (JLR) manufacturing plant in the West Midlands, Starmer emphasized that the 25 percent tariff on automotive exports and 10 percent tariff on other goods represent a significant challenge for the country’s future.

Russian spokesperson Dmitry Peskov criticised the United States for its sweeping tariff hikes, accusing it of undermining global economic stability. During a daily briefing yesterday, Peskov said that Russia is closely monitoring the current situation, which remains highly volatile and emotionally charged. Peskov said that the US-imposed tariffs on numerous countries have created a climate of economic tension and pessimistic global market projections. He added that the Kremlin will do everything necessary to minimize the consequences of this global economic turmoil for our economy.

Meanwhile, the Chief Adviser of the Interim Government of Bangladesh, Professor Muhammad Yunus, has sent a letter to US President Donald Trump requesting him to postpone the application of a 37 percent US reciprocal tariff on Bangladeshi products for three months. He also proposed tariff cuts on US products, including top US export items such as gas turbines, semiconductors and medical equipment in the Bangladesh market, said a statement from the Chief Adviser’s Press Wing.