US Secretary of State Marco Rubio's Assurance Amid Market Turmoil

US Secretary of State Marco Rubio addressed the global market selloff on Friday, attributing the sharp declines to sweeping US tariffs. Speaking in Brussels, Rubio defended the trade measures, suggesting the market reaction was temporary. "Markets will adjust," he stated, emphasizing the need for the US to reduce dependence on foreign manufacturing.

The Call for Self-Sufficiency

Rubio's comments highlighted a push towards revitalizing domestic production. "We need to get back to a time where we’re a country that can make things," he said, aligning with former President Trump's trade policies. This stance comes as global markets, from equities to cryptocurrencies, experienced significant volatility.

Market Reactions Across the Board

The announcement triggered widespread reactions, with notable movements in currencies, major companies, oil, and precious metals. Investors faced uncertainty as trade tensions escalated, reflecting in the day's turbulent market activities.