Wall Street's Downturn Amid Tariff Tensions

On Friday, the major stock exchanges in the United States experienced a significant downturn, with the Dow Jones dropping 200 points. This decline came after a mostly flat start to the session, as fears over reciprocal tariffs intensified once again.

Trump's Tariff Announcement

According to Reuters, US President Donald Trump informed Republican lawmakers that reciprocal tariffs could be implemented as early as today. This move aligns with his campaign promise to impose equivalent tariffs on American imports from countries that tax US exports.

Market Reaction

By 11:23 am ET, the Dow Jones had fallen by 0.45%, or 200 points. Simultaneously, the Nasdaq 100 slid 0.77%, and the S&P 500 lost 0.52%.

Euro's Decline Against the Dollar

At 11:24 am ET, the euro was trading 0.44% below the dollar, with a rate of 1.03431.