US President Donald Trump’s tariff announcement has caused a significant drop in tech stocks, with Indian IT firms experiencing falls of 3% to 10%. The uncertainty surrounding these restrictive trade measures poses a threat to growth prospects, as the US accounts for more than 50% of revenue for large-cap IT companies. Post navigation Respite for rupee as dollar dives UltraTech buys Patni’s putty biz for Rs 235 crore