Reported 3 days ago
US stock futures fell sharply after President Trump imposed extensive tariffs on numerous trading partners, raising rates on Canada to 35%. The Dow and S&P 500 futures dropped by 0.9%, while Nasdaq futures sank 1.1%. The market is reacting to the transformed trade environment, especially with significant impacts from tariffs on crucial partners like Taiwan and India, as well as anticipating the upcoming July jobs report.
Source: YAHOO