Market Reacts to Trump's Tariff Comments

United States market futures experienced a downturn on Friday following comments by US President Donald Trump. He described the potential imposition of tariffs up to 50% a year from now as a "total victory". Additionally, Trump claimed to have made 200 trade deals since first announcing tariffs, though specifics were not provided.

Corporate Earnings Reports

Amidst the market's reaction to Trump's comments, both SLB and Colgate-Palmolive reported declines in their first-quarter revenues, adding to the day's economic concerns.

Market and Currency Impacts

By early morning ET, the Dow Jones futures had fallen by 41% or 167 points, with the Nasdaq 100 and S&P 500 also seeing decreases of 0.44% and 0.38% respectively. The euro also felt the impact, trading 0.30% lower against the dollar.