Understand how Trump's trade policies impact market volatility and the economy. Explore potential tariff changes by April 2 and their effects on investments.

The tariffs, set to take effect on March 20, add a new front to a trade war largely driven by U.S. President Donald Trump's announcement of tariffs on Canada, Mexico and China and threats of protectionist measures on other nations.

The most important factors for the crash are domestic, says Anish Tawakley, one of India’s top fund managers. The mid- and small-cap side of the market was expensive, and a correction was due. But the fundamentals of the economy are strong,