Baku: Donald Trump’s “Freedom Day” tariffs have caused a sharp decline in global stock markets for the second consecutive day, APA-Economics reports.

According to Azeri-Press News Agency, On April 4, U.S. stock markets fell significantly. The Dow Jones index dropped by 5.50% to 38,314.86 points, the S and P 500 index fell by 5.97% to 5,074.08 points, and the Nasdaq index decreased by 5.82% to 15,587.79 points.

European stock markets also declined on April 4. The FTSE 100 index fell by 4.95% to 8,054.98 points, Germany’s DAX index dropped by 4.95% to 20,641.72 points, and France’s CAC-40 index declined by 4.26% to 7,274.95 points.

In the global market, the euro also weakened against the dollar, falling by 0.87% to $1.0956.