US Markets: Early decline in US markets, impact of Trump's new threat on tariff

On Thursday, the US markets are witnessing an initial decline. The effect of Trump's new threats regarding tariffs has been seen on the market. Trump has threatened to impose higher tariffs in response to the tariff measures of the European Union. At present, there are apprehensions in the market about the effect of tariff war on the economy, although the market has got some relief due to the relief in inflation. In early trading, Nasdaq has seen a decline of more than one percent. On the other hand, S&P 500 and Dow Jones have fallen by around half a percent.
 

In the early trade of the US market, Tesla has seen a decline of 4.5 percent, Adobe has seen a decline of 11 percent. In today's trade, the communications service sector has seen the biggest decline, technology and industrial stocks have also fallen. At the same time, there was a rise in the energy and material index.

Earlier, Trump has threatened to impose tariffs on the European Union. After the European Union imposed a 50 percent tariff on American whiskey, US President Trump has threatened that he will impose a 200 percent tax on wine, champagne and other alcoholic products coming from France and other European Union countries. After the news came, there was a decline in liquor stocks in the European market. Pernod Ricard, Remy Cointreau and Davide Campari registered a decline of more than 3 percent. 

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