Wall Street Faces Downturn as Tariff Concerns Resurface

On Friday, the United States' major stock exchanges shifted into the red, marking a significant downturn after a mostly flat opening. The change in momentum was largely attributed to the intensification of tariff fears, with US President Donald Trump hinting at the possibility of imposing reciprocal tariffs on trading partners as early as today. This move aligns with his campaign promise to respond in kind to any tariffs placed on American exports.

By 11:23 am ET, the Dow Jones had fallen by 0.45%, or 200 points, reflecting the market's nervousness. Similarly, the Nasdaq 100 and the S&P 500 also experienced declines, dropping by 0.77% and 0.52%, respectively. Meanwhile, the euro saw a slight decrease against the dollar, trading 0.44% lower at 1.03431 by 11:24 am ET.