Market Turbulence Hits Wall Street

On Friday, the major stock exchanges in the United States faced significant losses, reversing the session's initial flat start. The downturn was fueled by escalating concerns over potential reciprocal tariffs, as reported by Reuters.

Trump's Tariff Warning

US President Donald Trump reportedly 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 imports from countries that tax American exports.

Stock Market Reaction

By 11:23 am ET, the Dow Jones had fallen by 0.45%, or 200 points. Similarly, the Nasdaq 100 decreased by 0.77%, and the S&P 500 dropped by 0.52%. The euro also saw a decline, trading 0.44% below the dollar at 11:24 am ET, with a rate of 1.03431.