The atmosphere on Wall Street has taken a turn for the worse as President Trump announced new tariffs on imports from Canada, Mexico, and China. This move has reignited fears of a global trade war, leading to a selloff in the stock market. Investors are now on edge, anticipating possible economic repercussions. All eyes are on the upcoming employment data and Federal Reserve statements for clues on the economic outlook. Some companies like Okta and Walgreens Boots Alliance have shown resilience in pre-market trading, standing out amid the broader market decline. Across the Atlantic, Europe's defense stocks are enjoying a surge, providing a stark contrast to the U.S. market's current woes.