Wall Street Sees Red as Tariff Concerns Mount

On Friday, the major stock exchanges in the United States experienced a downturn, shifting from a mostly flat opening to significant losses. This shift was largely due to renewed fears over tariffs, as reported by various financial news outlets.

Trump's Tariff Threats Stir Market Anxiety

According to Reuters, US President Donald Trump informed Republican lawmakers that reciprocal tariffs could be imposed as early as today. This announcement has reignited concerns among investors, recalling Trump's campaign promise to retaliate against any country that imposes tariffs on American exports with equivalent tariffs on their imports to the US.

Market Performance at a Glance

By 11:23 am ET, the Dow Jones Industrial Average had fallen by 0.45%, or 200 points. Similarly, the Nasdaq 100 and the S&P 500 were not spared, with losses of 0.77% and 0.52%, respectively. Meanwhile, the euro was trading 0.44% lower against the dollar at 1.03431 by 11:24 am ET.