Overview

• President Donald Trump's new 10% universal tariff, with higher rates for select nations, has caused significant market turmoil and public dissent globally.
• Major stock indices, including the Dow Jones, Nikkei, and DAX, experienced steep drops, with the DAX falling by 10% at Monday's opening before a partial recovery.
• Protests erupted across the United States, with citizens expressing anger over economic risks and personal financial losses attributed to the tariff policy.
• EU trade ministers convened in Luxembourg to strategize potential retaliatory measures, while some leaders advocated for a balanced approach to avoid further escalation.
• Trump has expressed conditional willingness to negotiate tariff reductions, but demands substantial financial concessions from trade partners as part of any deal.