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.
327 Articles
327 Articles
Tariffs: World stock exchanges go down and investors flee to active shelter
There is no mood in the markets and investors flee from equity income in direct reaction to the tariffs announced yesterday by Donald Trump. Money flows take refuge in the fear generated by US tariffs on products imported into that country. And while the announcement was widely expected by experts, the truth is that tariff barriers ended up being much harder than anticipated. Economists now expect retaliation measures against the US, the escalat…
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