Market Reacts to Trump's Tariff Comments

Following President Donald Trump's recent comments on tariffs, United States market futures experienced a significant downturn. Trump mentioned considering a "total victory" if tariffs up to 50% were still in place a year from now, sparking concerns among investors.

Details on Trade Deals and Corporate Earnings

Trump also claimed to have made 200 trade deals since announcing tariffs, though specifics were not provided. Meanwhile, major companies like SLB and Colgate-Palmolive reported declines in their first-quarter revenues, adding to the market's unease.

Market and Currency Movements

By early morning, the Dow Jones futures had dropped by 41%, or 167 points, with the Nasdaq 100 and S&P 500 also seeing losses. The euro weakened against the dollar, trading 0.30% lower.