Market Reacts to Trump's Tariff Comments

United States market futures experienced a downturn on Friday following comments from US President Donald Trump. He described the potential imposition of tariffs up to 50% a year from now as a "total victory," sparking concern among investors.

Trade Deals and Revenue Reports

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

Market Indicators Show Decline

By 7:57 am ET, the Dow Jones futures had fallen by 41% or 167 points, with the Nasdaq 100 and S&P 500 also seeing losses of 0.44% and 0.38%, respectively. The euro also traded lower against the dollar, at 1.13572 by 8:08 am ET.