Dow Plummets 400 Points as Trump Threatens 50% EU Tariffs

U.S. stock markets experienced a significant downturn on Friday following President Trump’s announcement of new tariffs against the European Union. The Dow Jones Industrial Average dropped over 480 points, and the S&P 500 shed 1%, as traders reacted to the potentially disruptive move. The Nasdaq Composite also fell, down 1.2%. Investors are bracing for a potential end to the week on a negative note following recent gains fueled by positive momentum from trade agreements with the UK and China. Concerns about U.S. deficit growth and Trump’s escalating stance towards EU trade have weighed on market sentiment.