Market Turmoil as Dow Drops

In a surprising turn of events, Wall Street saw a significant downturn this Friday, with the Dow Jones Industrial Average tumbling 200 points. This shift came after a mostly flat opening, attributed to escalating concerns over potential tariffs.

Trump's Tariff Threats Resurface

According to reports from Reuters, US President Donald Trump has hinted at the possibility of imposing reciprocal tariffs on trading partners. This move aligns with his campaign promises to retaliate against countries that impose tariffs on American exports, by levying equivalent tariffs on their imports to the US.

Impact Across Major Indexes

By 11:23 am ET, the Dow Jones had dropped by 0.45%, while the Nasdaq 100 and the S&P 500 were not spared, sliding by 0.77% and 0.52% respectively. The euro also felt the pressure, trading 0.44% below the dollar at 11:24 am ET, with a rate of 1.03431.