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Stock futures plunge as investors digest Trump’s tariffs

  • Asian markets and U.S. Futures fell sharply after U.S. President Donald Trump announced large tariff increases on imports from around the world, including a 24% tariff on Japan and a 25% tariff on South Korea.
  • China faced a total tariff burden of 64% due to an additional 34% tariff, causing significant market reactions.
  • Trump declared a baseline 10% tax on imports from all nations and proposed higher tariffs for countries with trade surpluses, intending to create a fairer global trading system.
  • U.S. Crude prices dropped significantly, with benchmark crude falling $2.08 to $69.63 per barrel amidst these tariff announcements.
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AMBCrypto broke the news in on Wednesday, April 2, 2025.
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