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Stock futures plunge as investors digest Trump’s tariffs

  • Asian markets and U.S. Futures fell after President Donald Trump announced increased tariffs on imports, including a 24% tariff on Japan and a 34% tariff on China.
  • China faces a total tariff burden of 64% after a new 34% tariff was added by Trump on imports from the country.
  • Trump stated that he intends tariffs to create a fairer global system and bring manufacturing jobs back to the U.S.
  • The S&P 500 index is down almost 10% from its February high of 6,152, currently trading around 5,650.
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AMBCrypto broke the news in on Wednesday, April 2, 2025.
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