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Stock futures plunge as investors digest Trump’s tariffs

  • Asian markets dropped sharply after U.S. President Donald Trump announced significant tariff increases on imports, including a 24% tariff on Japan and a 25% tariff on South Korea.
  • China faced a new 34% tariff, raising its total tariff burden to 64%, according to the White House announcement.
  • Market reactions included a fall in U.S. Crude prices and changes in currency values, signaling investor concern about the tariffs' impact.
  • Analysts described the tariff announcement as a 'major shock' to the market, contributing to the downward trend in global markets.
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Markets in turmoil after Trump's tariffs

Global markets are in turmoil as the world tries to come to grips with Donald Trump's sweeping tariffs.

·Australia
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AMBCrypto broke the news in on Wednesday, April 2, 2025.
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