Market Turmoil as Tariff Fears Intensify

Wall Street experienced a significant downturn on Friday, with major stock exchanges in the United States shifting into the red. This shift occurred after the session began mostly flat, as concerns over tariffs once again took center stage.

Trump's Tariff Announcement Sparks Market Reaction

According to Reuters, US President Donald Trump informed Republican lawmakers that reciprocal tariffs could be implemented as early as today. This announcement reignited fears among investors, recalling Trump's campaign promise to impose equivalent tariffs on American imports from countries that tax US exports.

Stock Market and Currency Impact

By 11:23 am ET, the Dow Jones had fallen by 0.45%, or 200 points, while the Nasdaq 100 and the S&P 500 also saw declines of 0.77% and 0.52%, respectively. Concurrently, the euro was trading 0.44% lower against the dollar, standing at 1.03431 at 11:24 am ET.