President Trump’s trade policies have shaken the global economy, particularly impacting Indian and European chemicals industries while U.S. Treasury yields increase. India faces a dilemma: balancing energy security by purchasing Russian oil with trade concerns over increased tariffs by the U.S., leading to significant financial strain on New Delhi. Meanwhile, Europe’s chemicals industry is suffering direct damage from American tariffs. This disruption stems from heightened volatility and uncertainty stemming from the Russia-Ukraine conflict and rising energy costs. These effects have been felt beyond the market: the U.S. Treasury market has seen yields spike as investors are concerned about potential tariff revenue decreases following court rulings on Trump’s tariffs.