Global Markets in Turmoil Following Trump's Trade Policy Comments

Major stock exchanges experienced significant declines on Monday after U.S. President Donald Trump issued new warnings regarding his foreign trade policy. The president threatened China with an additional 50% tariff if it proceeds with retaliatory measures, further unsettling global markets already reeling from the announcement of new U.S. duties on April 2.

Brief Respite Turns to Further Decline

Earlier in the day, a false report suggesting a potential delay in tariffs provided temporary relief to investors. However, the White House quickly denied the rumor, causing markets to plunge back into negative territory. By 11:29 am ET, the Dow Jones had dropped 1,075 points, or 2.80%, with the Nasdaq 100 and S&P 500 also experiencing significant losses.

Euro Dips Against the Dollar

In currency markets, the euro fell 0.50% against the dollar, trading at 1.09026 by 11:31 am ET, as investors sought safer assets amidst the escalating trade tensions.