00:00Markets are continuing to feel the jitters of Trump's aggressive global tariffs.
00:05Trump unveiled his global reciprocal tariff policy, which imposes customs duties on imports
00:09from more than 180 countries, ranging from 10 to over 50 percent.
00:14This was exacerbated after China also imposed its own counter tariffs on the US.
00:20European markets experienced a sharp decline on the first day after the announcement.
00:24The German DAX fund closed the week with a drop of more than 1000 points, roughly 5 percent,
00:29setting a new daily low for the index.
00:32Spain's largest stock market, the Iberian Index, or IBEX 35, also experienced similar
00:38decline.
00:39France's CAC 40 dropped about 4.3 percent.
00:42Trump's policy also recorded some significant blows to US stock markets.
00:47The S&P 500 fell by roughly 6 percent, a record low since the COVID-19 pandemic.
00:53The Dow Jones Index reported a 5.5 percent decline, while the Nasdaq Composite also saw
00:58a fall of almost 6 percent.
01:01Trump seems unfazed by the market reaction to his policies, instead noting that the decline
01:05will only be temporary.
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