Global Markets in Turmoil Following Trump's Trade Policy Comments

Major stock exchanges experienced significant declines on Monday after President Donald Trump issued new warnings regarding his foreign trade policy, specifically targeting China with threats of additional tariffs.

The Dow Jones Industrial Average fell sharply by 1,075 points, or 2.80%, by 11:29 am ET, with the Nasdaq 100 and S&P 500 also seeing substantial drops shortly after.

White House Denial of Tariff Delay Adds to Market Volatility

Earlier reports of a potential delay in implementing these tariffs provided a brief respite for investors. However, the White House quickly denied these rumors, further unsettling the markets and pushing them deeper into negative territory.

Currency markets were not spared, with the euro trading 0.50% lower against the dollar at 11:31 am ET, at a rate of 1.09026.