The impact of the U.S. tariffs extended beyond domestic markets, affecting international financial centers. In Asia, Japan’s Nikkei 225 dropped 2.8%, and the broader TOPIX index fell 3.1%. European markets also faced downturns; the UK’s FTSE 100 decreased by 1.6%, France’s CAC 40 declined 3.3%, and Germany’s DAX fell 3.1%. These movements underscore the global nature of investor concerns regarding escalating trade tensions.