US Markets React to Global Trade Tensions

Following retaliatory tariff measures from China and the European Union, major US stock indexes opened lower, intensifying concerns over a potential global trade war. The Dow Jones Industrial Average and S&P 500 saw significant drops, with sectors like pharmaceuticals taking a hit.

Trump's Tariff Threats Add to Market Volatility

Amidst the market downturn, President Donald Trump hinted at imposing additional tariffs on pharmaceutical imports, further unsettling investors. Meanwhile, JPMorgan Chase & Co. CEO Jamie Dimon cautioned that such trade policies could lead the US into a recession.

Currency Markets Feel the Impact

The euro gained strength against the dollar, reflecting the broader financial market reactions to the escalating trade disputes.