Market Turmoil Following Tariff Announcement

American equity markets opened lower on Monday, continuing a downward trend after President Donald Trump's introduction of steep trade tariffs on major US trading allies. This move has led to a significant market collapse over the past three days.

Trump Stands Firm on Trade Imbalance

President Trump has reiterated the US's stance on not discussing tariffs with China until the $1 trillion trade imbalance is resolved. In response, China has imposed a 34% tariff on American goods, further escalating tensions.

Significant Losses Across Major Indices

The Dow Jones lost 3.53%, or 1,379 points, with NVIDIA Corporation dropping 6.63%. The Nasdaq 100 declined by 3.49%, or 606 points, and MicroStrategy Inc. plummeted 9.56%. The S&P 500 fell by 3.45%, with Tesla Inc. down 7.01%. The euro traded flat against the dollar at 1.09671.