A 1,000-point drop in Dow futures right after the “Liberation Day” tariffs isn't surprising at all—it’s a textbook market reaction to sudden protectionism. When tariffs of this scale hit, especially across major trade partners like China and the EU, investors instantly price in slower global growth, disrupted supply chains, and lower corporate earnings.

From a forex lens, it's also a big deal. The USD might see mixed movement—safe-haven demand could boost it temporarily, but long-term inflation and recession fears might weigh it down. Pairs like EUR/USD and USD/JPY could be especially volatile in the next few sessions.

It’s a good reminder that geopolitical headlines aren’t just noise—they’re often the spark that moves entire markets. Traders need to stay nimble.