Global Markets in Turmoil Following Trump's Trade Policy Comments

In a dramatic turn of events, the Dow Jones Industrial Average fell sharply by 1,075 points, marking a 2.80% drop, as investors reacted to President Donald Trump's latest threats to impose additional tariffs on China. The Nasdaq 100 and S&P 500 also experienced significant declines, plummeting 1.77% and 2.11%, respectively.

Trade Tensions Escalate

The global financial markets have been in a state of disarray since the announcement of new U.S. duties on April 2. A brief moment of relief came with a false report suggesting a potential delay in tariffs, but this was quickly dispelled by the White House, further exacerbating market volatility.

Currency Markets React

Amid the chaos, the euro weakened against the dollar, trading 0.50% lower at 1.09026. The ongoing trade tensions continue to cast a shadow over global economic stability, leaving investors on edge.