Wall Street experienced a modest decline following the announcement of tariffs by former President Donald Trump. Although the market reaction was cautious, it was not as severe as initially anticipated. European markets also showed a similar trend, with the CAC 40 index reflecting prudence as China retaliated against U.S. tariffs. Analysts noted that while the situation raised concerns about escalating trade tensions, the overall market response was relatively contained. As the trading day progressed, Wall Street was expected to open slightly lower, amid ongoing worries regarding the implications of these tariffs on international trade.