Market Turmoil as Trade Tensions Escalate

In a dramatic premarket session, the Dow Jones Industrial Average witnessed a staggering drop of over 1,400 points, signaling growing investor anxiety over the potential global repercussions of President Donald Trump's trade policies. The Nasdaq 100 and S&P 500 also faced significant declines, shedding 669 points and 3.46%, respectively.

Retaliatory Measures Intensify Economic Strain

The market's downward spiral was further exacerbated by China's imposition of a 34% tariff on U.S. exports, a direct response to earlier U.S. trade actions. This tit-for-tat escalation has left markets worldwide on edge, with the euro experiencing a slight uptick against the dollar, trading at $1.10678.