Market Opening Sees Significant Downturn

American equity markets faced a sharp decline at Monday's opening. This downturn comes in the wake of President Donald Trump's announcement of steep trade tariffs on major US trading allies, sparking widespread concern and a three-day market collapse.

Trump Stands Firm on Trade Policies

President Trump has reiterated his stance, stating that the US will not engage in tariff discussions with China until the $1 trillion trade imbalance is resolved. This follows China's retaliatory measures, imposing a 34% tariff on all US goods.

Major Indices and Stocks Take a Hit

The Dow Jones plummeted by 3.53%, losing 1,379 points, with NVIDIA Corporation dropping 6.63%. Similarly, the Nasdaq 100 declined by 3.49%, and MicroStrategy Inc. saw a drastic fall of 9.56%. The S&P 500 wasn't spared, falling by 3.45%, with Tesla Inc. leading the downturn at a 7.01% drop. Meanwhile, the euro remained stable against the dollar, trading at 1.09671.