Reported about 5 hours ago
US stock futures are experiencing significant drops following President Trump's announcement of new tariffs, with Nasdaq futures falling 2.2%, S&P 500 futures down 1.6%, and Dow futures decreasing by around 1.1%. The tariffs set to take effect include 25% duties on Canada and Mexico, and 10% on imports from China, triggering counter-tariffs from affected countries. Consumers can expect rising prices on various goods due to these tariffs, as the trade conflict raises concerns about inflation and impacts energy prices.
Source: YAHOO