Following the imposition of tariffs by President Trump on imports from China, Canada, and Mexico, the metals market experienced a notable decline. Iron ore and aluminum were particularly affected, leading to a broader slump in metal prices. The Nifty Metal Index dropped by 3.37%, driven by significant sell-offs in key stocks such as Vedanta, NMDC, and SAIL. The index fell over 2% earlier in the day, with base metal prices also declining on the London Metal Exchange. Analysts have expressed concerns that these tariffs could lead to decreased global economic growth, higher interest rates, and reduced demand for metals, which may further impact Indian metal exporters. The dollar index's spike has added to the volatility in the market.