Global Markets Dip: Gift Nifty Falls, Asian Markets Under Pressure Amid Trump Tariff Fears

• Gift Nifty is down 150 points, and Asian markets are showing pressure, with Dow Futures also declining.
• Donald Trump announced a 10% tariff on several European countries, including Denmark, Britain, and France, effective February 1, 2026, potentially rising to 25% by June.
• EU leaders, including Ursula von der Leyen and France, have strongly condemned Trump's tariff threats, with some considering halting trade deals with the US.
• The EU is a significant trade partner for the US, accounting for 20.2% of total US imports from January to May 2025, totaling $303 billion.
• Currency markets are turbulent, with the US dollar falling against the Swiss franc and yen, while gold and silver hit new highs due to tariff uncertainties.

Why It Matters: Global markets are under pressure due to Trump's new tariff threats and economic uncertainties.