Stock Market LIVE: Trump’s Reciprocal Tariff Triggers Global Sell Off | Trump Tariff Trade War
#stockmarket #trump #trumpnews
U.S. stock futures cratered as President Donald Trump unveiled sweeping tariffs of at least 10% and even higher for some countries, raising the risks of a global trade war that hits the already sputtering U.S. economy.
Futures tied to the Dow Jones Industrial Average lost 1,069 points, or 2.5%. S&P 500 futures dropped 3.6%. Nasdaq-100 futures lost 4.5%.
Shares of multinational companies tumbled in extended trading. Nike and Apple each dropped about 7%. Shares of big sellers of imported goods were among the hardest hit. Five Below lost 14%, Dollar Tree tumbled 11% and Gap plunged 8.5% Tech shares dropped in an overall risk-off mood, with Nvidia off 5% and Tesla down 7%.
The White House unveiled a baseline tariff rate of 10% on all countries that goes into effect April 5. Even bigger duties against countries that levy higher rates on the U.S. will be charged in coming days, according to the administration.
#stockmarket #trump #trumpnews #trumptariffs #US #India #Canada #China #vietnam #indonesia #thailand #stocks #marketanalysis #Shares #tradewar #Trading #donaldtrump
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