Global Markets React to Trump's Latest Trade Policy Comments

Following President Donald Trump's recent remarks on foreign trade policy, major stock exchanges experienced significant declines. Trump's warning to China about imposing an additional 50% tariff if it proceeds with retaliatory measures has left global markets in disarray since April 2.

Brief Respite and Subsequent Decline

A fake report suggesting a potential delay in tariffs offered a temporary relief to investors. However, the White House's swift denial of these claims quickly reversed any gains, pushing markets back into negative territory.

Market Performance at a Glance

By 11:29 am ET, the Dow Jones had fallen by 1,075 points, marking a 2.80% drop. Shortly after, the Nasdaq 100 and the S&P 500 also saw significant declines of 1.77% and 2.11%, respectively.

Meanwhile, the euro was trading 0.50% lower against the dollar, with an exchange rate of 1.09026 at 11:31 am ET.