European stocks continued to drop shortly after the market open today, albeit at a much slower rate than yesterday’s huge losses, as investors around the world continue to reassess their trades in the wake of the Trump administration’s announcement of sweeping global tariffs.

Asian markets, including Vietnam and Thailand, face steep tariffs, risking recessions. Trump said he is open to cutting deals if the US gets "something that's so phenomenal" in return. Markets are extending losses on Friday as investors continue to be wary of new US import tariffs.