U.S. stock futures point to a lower open after stocks swooned on Thursday on fears Trump's aggressive tariff plan will spark a trade war, reignite inflation and slow the economy.

U.S. stock futures were dropping after President Donald Trump announced broad tariffs on foreign trading partners. Just after 7:45 p.m. on Wednesday, Dow Jones Industrial Average futures fell 1,020 points,

That wasn’t the speech stock traders were hoping for. Stock futures staged a U-turn during President Trump’s speech in the Rose Garden, erasing earlier gains and falling sharply. Heading into the announcement,

The US president, who has vowed to remake the global trade order, dismissed concerns, noting the US jobs market is strong.

Fallout from the Trump administration's aggressive global tariff regime continues to hit global markets and frustrate geopolitics, while the president has shown no signs of backing down. China hit back at Trump's punitive 34% tariff with its own levy of the same percentage on U.

President Donald Trump’s sweeping new tariffs are facing blowback from all corners – a market sell-off, foreign retaliation, anger from corporate America and skepticism from the Federal Reserve chairman and some allies in Congress.

China slapped a 34% tariff on U.S. goods starting April 10 in retaliation to Trump's tariff plans. Global markets tumble as the trade war begins. Follow along for live updates on how the Dow, S&P 500 and Nasdaq are reacting.

The Dow Jones Industrial Average dropped more than 1,600 points on Thursday as U.S. stocks led a worldwide selloff after the Republican president's announcement of tariffs against much of the world ignited a shock like none seen since the COVID-19 pandemic.

Continued worries about the disruption of President Trump’s trade policies and retaliation by major trading partners, overshadowed an unexpectedly strong report on the U.S. labor market.