Trump, Futures
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Barron's |
Stock futures fell early Wednesday as investors anxiously awaited President Donald Trump’s global tariffs plan.
Reuters |
China vowed retaliation, as did the European Union, which faces a 20% duty.
SFGate |
Trump announced a minimum tariff of 10% on global imports, with the tax rate running much higher on products from certain countries like China and those from the European Union.
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U.S. stock futures are declining sharply after indexes tumbled Thursday in reaction to President Donald Trump's tariffs, China sets 34% retaliatory tariffs on U.S. imports, and job growth is expected to have slowed slightly in March.
Stock markets across Asia-Pacific and Europe fell Thursday and US markets were also set to open lower after US President Donald Trump imposed tariffs on trading partners around the world, with many Asian countries taking the biggest hits.
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GB News on MSNUS stock market futures: Markets TUMBLE as Donald Trump rolls out tariffs around the worldUS stocks tumbled in after-hours trading as President Donald Trump unveiled sweeping blanket tariffs of at least 10 per cent on imports from around the world. The SPDR S&P 500 ETF Trust, which tracks the S&P 500,
China's finance ministry said on Friday it will impose additional tariffs of 34% on all U.S. goods from April 10. U.S. stock futures fell sharply after China's retaliation, signaling more losses on Wall Street.
Futures indexes tied to the three main American stock markets were all trading down on Wednesday evening, as investors braced for the impacts of the sweeping worldwide tariffs Donald Trump announced earlier in the day.
"Stocks are sliding in all markets as the world responds to Trump's worse-than-expected (and absurd) trade war," equity analyst Adam Crisafulli, head of Vital Knowledge, told investors in a research note.
Futures trade lower as last day of the quarter gets under way
Governments and investors across the world steeled themselves for US President Donald Trump to unleash a barrage of reciprocal tariffs against trading partners. The European Union said it will use a range of options to fight back against new levies,
Stocks across Asia and Europe have started the week on a slump, just days before Trump's reciprocal tariffs take effect.